Paul E. Tramontano

About Paul E. Tramontano

Paul E. Tramontano, age 63, is an Independent Class II Director of Eagle Point Income Company Inc. (EIC). He has served on EIC’s Board since inception; his current term expired at the 2025 annual meeting, and he was nominated to continue serving through the 2028 annual meeting if elected . Tramontano is Executive Managing Director and a Board Member at Cresset Asset Management (since April 2023), previously Senior Managing Director and Wealth Manager at First Republic Investment Management (2015–2023), founder and Co-Chief Executive Officer at Constellation Wealth Advisors (eight years), and earlier spent 17 years at Citi Smith Barney; he holds a B.S. from Villanova University and attended the Certified Investment Management program at Wharton . He is designated an Independent Director under the Investment Company Act of 1940 and NYSE rules, and is one of four independent directors on a six-member board .

Past Roles

External Roles

Board Governance

• Independence: Classified as an Independent Director under the 1940 Act and NYSE governance standards; one of four independent directors on a six-member board .
• Committee assignments: Serves on the Audit Committee and Nominating Committee; Audit Committee chaired by Jeffrey L. Weiss; Nominating Committee chaired by Scott W. Appleby .
• Lead Independent Director: The Board has designated Jeffrey L. Weiss as Lead Independent Director to liaise between independents and management .
• Attendance and engagement: In FY2024, the Board met 5 times; Audit Committee met 5 times; Nominating Committee met 3 times. Each Director attended at least 75% of aggregate Board and committee meetings; all six Directors attended the 2024 annual meeting .
• Election status: Nominated for re-election as Class II Director at the May 23, 2025 annual meeting; the Board unanimously recommends voting “FOR” .
• Risk oversight: Board oversees risk via the Adviser, Administrator, and CCO; independent directors meet outside management regularly .

Fixed Compensation

Directors receive reimbursement of reasonable out-of-pocket expenses; no pension or retirement benefits are provided; interested directors receive no compensation from EIC .

Performance Compensation

Other Directorships & Interlocks

Proxy states that, outside of the Eagle Point complex entities, none of the Directors served on other Exchange Act-registered boards in the last five years .

Expertise & Qualifications

• Wealth management and investment advisory leadership (Cresset; First Republic), including firm-building and committee roles at Constellation, and long-tenure advisory roles at Citi Smith Barney .
• Education: B.S. Villanova University; attended Certified Investment Management program at Wharton .
• Audit Committee membership requires financial literacy; at least one Audit member has accounting or financial management expertise (committee-level qualification) .
• Oversees five portfolios within the Eagle Point fund complex, indicating broad governance exposure .

Equity Ownership

• Alignment note: The company reports, to its knowledge, that none of the Independent Directors or their immediate family members owned securities of the Adviser or its affiliates (other than registered investment companies), reducing related-party risk .

Governance Assessment

• Strengths:

  • Independence and cross-committee engagement (Audit; Nominating) support board oversight; independent directors meet outside management, and a Lead Independent Director is designated—hallmarks of effective governance .
  • Consistent attendance (≥75%) and participation at annual meeting signal engagement; Tramontano’s re-nomination through 2028 supports continuity .
  • Personal EIC ownership in the $50k–$100k range, with aggregate fund complex exposure over $100k, indicates some economic alignment without Adviser security holdings .

• Watchpoints / potential conflicts:

  • Multi-board roles across the Eagle Point complex create interlocks; while common in fund complexes, they can centralize information flow and oversight perspectives—investors should monitor independence in cross-entity decisions .
  • No separate compensation committee; the Nominating Committee (comprised of independent directors, including Tramontano) recommends independent director pay, which can entail self-setting dynamics—mitigated by board-level approval and public disclosure .
  • Interested directors may attend committee meetings (though not members), which could influence deliberations; committees themselves are comprised solely of independent directors .

• RED FLAGS:

  • No director equity or performance-linked compensation, implying alignment relies on personal share ownership rather than structured incentives—typical for closed-end fund boards but still a consideration for pay-for-performance analysis .
  • Interlocks across fund complex boards may concentrate governance influence; continued transparency on committee independence and executive sessions is important .

Overall, Tramontano’s profile reflects seasoned wealth management expertise, independent status, active committee participation, and satisfactory attendance. Governance risk appears contained, with principal monitoring points around complex-wide interlocks and compensation governance structure .