Eagle Point Institutional Income Fund (the “Fund”) and Eagle Point Credit Management (“Eagle Point”) announced that the Fund is now available to registered investment advisers and registered representatives through the Fidelity Alternative Investment Network®.

Fidelity’s Alternative Investment Network is a no transaction fee platform, comprised of registered non-exchange traded alternative investments available to Fidelity clients.

“We are pleased to join the Fidelity Alternative Investment Network platform,” said Daniel Ko, Senior Principal of Eagle Point and Portfolio Manager of the Fund. “Through our relationship with Fidelity, we are excited to make Eagle Point Institutional Income Fund even more accessible to investors through registered investment advisers and registered representatives.”

The Fund’s primary investment objective is to generate high current income, with a secondary objective to generate long-term capital appreciation by investing in Collateralized Loan Obligation (“CLO”) equity and debt instruments, which are backed by broad pools of senior secured loans made primarily to U.S. companies. The Fund’s underlying loan portfolio includes exposure to 1,245 different companies and is comprised of 97% senior secured loans and 97% floating rate loans (as of July 31, 2023). The Fund’s annualized distribution rate is 9.3% and net asset value per share was $9.97 as of July 31, 2023.¹

About Eagle Point Credit Management LLC

Eagle Point is a specialist asset manager focused on income-oriented credit investments including CLO securities, senior secured loans and Portfolio Debt Securities. Eagle Point and its affiliates have over $8.2 billion of total assets under management.² The senior investment team is comprised of CLO industry specialists who have been in the market for the majority of their careers and who have established relationships with key market participants. Eagle Point was formed in 2012 by Thomas Majewski and Stone Point Capital.

1. As of July 31, 2023. Annualized distribution rate reflects distributions paid in July 2023, annualized, and divided by the June 30, 2023 net asset value per share (excluding any upfront sales load). The annualized distribution rate is not a guarantee of future returns and future performance may vary. The timing and frequency of distribution payments is not guaranteed. Such variance may be material and adverse, including the potential for full loss of principal and no distributions. In considering returns, investors should bear in mind that historical performance is not a guarantee, projection or prediction and is not indicative of future results. Actual net returns in any given year may be lower than the historical returns. Investment return and principal value of any investment will fluctuate and may be worth more or less than the amount initially invested. Distribution payments are not guaranteed. Distributions may be comprised of any combination of 1) net investment income and/or 2) net capital gain, and, if the Fund distributes an amount in excess of net investment income and net capital gains, a portion of such distribution will constitute a return of capital. A distribution comprised in whole or in part by a return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” A return of capital distribution may reduce the amount of investable funds. The actual components of the Fund’s distributions for U.S. tax reporting purposes can only be finally determined as of the end of each fiscal year of the Fund and are thereafter reported to shareholders on Form 1099-DIV.
2. As of June 30, 2023. Calculated in the aggregate with its affiliate Eagle Point Income Management LLC and includes undrawn capital commitments.

Fidelity is an independent company, unaffiliated with Eagle Point or the Fund. Fidelity is a service provider to the Fund and Eagle Point. There is no form of legal partnership, agency affiliation, or similar relationship between the Fund, Eagle Point and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by the Fund and does not guarantee or assume any responsibility for its content. Investors should review the offering documents, including the description of risk factors contained in the Fund's Prospectus (the "Prospectus"), prior to making a decision to invest in the securities described herein. Fidelity Investments is a registered trademark of FMR LLC. Fidelity provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 1103802.1.0

View source version on businesswire.com: https://www.businesswire.com/news/home/20230919412870/en/