March 11, 2024
Eagle Point Institutional Inc. Fund Reports December 2023 Financial Results, Increases Annualized Distributions To 9.0% And Announces Total Net Annual Return Of 12.3%
Eagle Point Institutional Income Fund seeks to provide investors with an attractive income stream by investing primarily in diversified pools of senior secured loans called collateralized loan obligations (“CLOs”).

Eagle Point Credit Management

Eagle Point Credit Management LLC (“Eagle Point” or the “Adviser”), a specialist credit asset manager with over $9.1 billion of assets under management, 1 announced that Eagle Point Institutional Income Fund (the “Fund”), a non-traded closed-end fund registered under the Investment Company Act of 1940, reported financial results for the year ended December 31, 2023. During the year, the Fund paid total distributions of $0.908 per share to shareholders and generated net investment income of $1.40 per share, well in excess of distributions paid during the period. The Fund’s net asset value (“NAV”) per share as of December 31, 2023 was $10.23, compared to NAV per share of $9.97 as of December 31, 2022. The Fund generated a total net return of 12.3% for the year. 2

Given the Fund’s continued positive performance and outlook going forward, the Fund declared an increase to the Fund’s annualized distribution rate from 8.5% to 9.0% beginning April 2024, representing a 5.9% increase in annual distributions.3 The distribution paid on January 31, 2024 represented the Fund’s nineteenth consecutive monthly distribution since commencing operations. Lastly, the Fund reported its NAV per share as of January 31, 2024 of $10.37, representing an increase of 1.4% compared to the NAV per share as of December 31, 2023.

Thomas Majewski, the Fund’s Chairman and Chief Executive Officer, said, “Throughout 2023, Eagle Point Institutional Income Fund delivered consistent distributions to its shareholders while preserving principal value. By co-investing alongside other CLO-focused funds and accounts managed by Eagle Point, the Fund benefits from the scale and institutional nature of our Adviser’s broader investment platform.”

Eagle Point Institutional Income Fund seeks to provide investors with an attractive income stream by investing primarily in diversified pools of senior secured loans called collateralized loan obligations (“CLOs”). As of December 31, 2023, the Fund’s portfolio of 40 CLO equity investments provided exposure to 1,283 different U.S. companies across 63 different industries.4

The Fund currently offers its shares on a continuous basis via monthly closings. Please refer to the Fund’s annual report available at www.EPIIF.com for additional information on the Fund’s financial results for the year ended December 31, 2023.

About Eagle Point Credit Management LLC

Eagle Point is a specialist investment manager focused on overlooked and underserved credit markets, including equity and junior debt tranches of CLOs, regulatory capital relief transactions, Portfolio Debt Securities5 and Strategic Credit investments. As of December 31, 2023, Eagle Point has over $9.1 billion in assets under management1 and 71 professionals. Eagle Point is headquartered in Greenwich, Connecticut.

Contacts

Investor Relations:

203-340-8560

EPIIF@eaglepointcredit.com

www.EPIIF.com

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