Eagle Point Income Company Inc. (the "Company") (NYSE:EIC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 6.00% Series AA Convertible Perpetual Preferred Stock and 6.00% Series AB Convertible Perpetual Preferred Stock (collectively, the "Preferred Stock") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after payment of estimated commissions and offering expenses if all shares of the Preferred Stock are sold. The Preferred Stock has a 6.00% annual dividend rate, paid monthly, and is rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency. The Preferred Stock is perpetual and convertible by the holder into shares of the Company's common stock or cash (as determined by the Company at its sole discretion), subject to certain conditions.

Eagle Point Securities LLC is the dealer manager for the Preferred Stock offering. Eagle Point Securities LLC is an affiliate of the Company's investment adviser, Eagle Point Income Management LLC, and is a member of FINRA and SIPC.

Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The prospectus supplement dated March 9, 2026, and the accompanying prospectus dated December 9, 2024, which have been filed with the Securities and Exchange Commission ("SEC"), contain this and other information about the Company and the Preferred Stock and should be read carefully before investing. A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Eagle Point Securities LLC at 600 Steamboat Road, Suite 202, Greenwich, CT 06830, by calling (203) 340-8100 or by sending an e-mail to: EICPref@eaglepointsecurities.com; copies may also be obtained for free by visiting EDGAR on the SEC's website at http://www.sec.gov.

Egan-Jones Ratings Company is a nationally recognized statistical rating organization ("NRSRO"). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.

ABOUT EAGLE POINT INCOME COMPANY

The Company is a diversified, closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities, as well as other securities and instruments that are consistent with the Company's investment objectives. The Company is externally managed and advised by Eagle Point Income Management LLC.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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(203) 340-8100

EICPref@eaglepointsecurities.com

www.EaglePointIncome.com

Eagle Point Income Company Inc. Launches Offering of 6.00% Convertible Perpetual Preferred Stock