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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/29/24 Eagle Point Enhanced Income Trust N-2/A 3/28/24 16:19M Toppan Merrill/FA Eagle Point Enhanced Income Trust |
Document/Exhibit Description Pages Size
1: N-2/A Pre-Effective Amendment to Registration Statement HTML 2.97M
by a Closed-End Investment Company
2: EX-99.(D) Miscellaneous Exhibit HTML 12K
3: EX-99.(E) Miscellaneous Exhibit HTML 12K
4: EX-99.(G) Miscellaneous Exhibit HTML 52K
5: EX-99.(H)(2) Miscellaneous Exhibit HTML 35K
6: EX-99.(H)(4) Miscellaneous Exhibit HTML 26K
7: EX-99.(J)(1) Miscellaneous Exhibit HTML 57K
8: EX-99.(K)(1) Miscellaneous Exhibit HTML 21K
9: EX-99.(K)(2) Miscellaneous Exhibit HTML 34K
10: EX-99.(K)(4) Miscellaneous Exhibit HTML 22K
11: EX-99.(K)(5) Miscellaneous Exhibit HTML 22K
12: EX-99.(L) Miscellaneous Exhibit HTML 14K
13: EX-99.(N) Miscellaneous Exhibit HTML 10K
14: EX-99.(P) Miscellaneous Exhibit HTML 28K
15: EX-99.(R)(1) Miscellaneous Exhibit HTML 63K
16: EX-99.(R)(2) Miscellaneous Exhibit HTML 72K
Exhibit (k)(4)
AMENDED AND RESTATED EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
This Amended and Restated Expense Limitation and Reimbursement Agreement (the “Agreement”) is made this 13th day of February, 2024, by and between Eagle Point Enhanced Income Trust, a Delaware statutory trust (the “Fund”), and Eagle Point Enhanced Income Management LLC, a Delaware limited liability company (the “Adviser”).
WHEREAS, the Fund is a non-diversified, closed-end management investment company that is registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”);
WHEREAS, the Fund has retained the Adviser to furnish investment advisory services to the Fund on the terms and conditions set forth in the investment advisory agreement, dated October 6, 2023, entered between the Fund and the Adviser, as may be amended or restated (the “Investment Advisory Agreement”);
WHEREAS, the Fund and the Adviser have determined that it may be appropriate and in the best interests of the Fund for the Adviser to pay certain expenses of the Fund;
WHEREAS, the Fund and the Adviser previously entered into an Expense Limitation Agreement dated October 6, 2023 (the “Original Agreement”); and
WHEREAS, the Fund and the Adviser desire to amend and restate the Original Agreement on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the parties hereby agree as follows:
| 1. | Expense Limitation and Reimbursement |
| (a) | For so long as this Agreement remains in effect, the Adviser or any affiliate of the Adviser may provide expense support to the Fund in order to reduce the operating expenses borne by the Fund’s shareholders, to the extent the Fund’s base investment advisory fees (excluding incentive fees) incurred in connection with the Investment Advisory Agreement and ordinary operating expenses exceed 6.00% per annum of the Fund’s average net assets, as measured at the end of each fiscal quarter (the “Expense Cap”) (each, an “Expense” and any payment of an Expense an “Expense Limitation Payment” or “Reimbursement,” as applicable). In connection with any Expense Limitation Payment, the Adviser may deliver a notice in the form of Appendix A to this Agreement. The Adviser may pay Expenses directly, reimburse the Fund for such Expenses incurred and paid, or waive a portion of all fees due to the Adviser under the Investment Advisory Agreement or an affiliate during each quarterly calculation period. |
| (b) | Any Expense Limitation Payment or waiver is subject to Reimbursement by the Fund for three years after the date on which such Expense Limitation Payment or waiver was made. Reimbursement can only be made if the Fund is able to make the Expense Limitation Payment without exceeding the Expense Cap at the time of such Reimbursement. Reimbursement must be approved by the Board of Trustees of the Fund. |
| 2. | Termination and Survival |
| (a) | This Agreement shall become effective as of the date of this Agreement. |
| (b) | This Agreement may be terminated, without the payment of any penalty, by the Fund or the Adviser at any time, with or without notice. |
| (c) | This Agreement shall automatically terminate in the event of (i) the termination by the Fund of the Investment Advisory Agreement; (ii) the Board of Trustees of the Fund makes a determination to dissolve or liquidate the Fund; or (iii) upon a quotation or listing of the Fund’s common shares of beneficial interest on a national securities exchange (including through an initial public offering) or a sale of all or substantially all of the Fund’s assets to, or a merger or other liquidity transaction with, an entity in which the Fund’s shareholders receive shares of a publicly-traded company which continues to be managed by the Adviser or an affiliate thereof. |
| (d) | Sections 2 and 3 of this Agreement shall survive any termination of this Agreement. Notwithstanding anything to the contrary, Section 1 of this Agreement shall survive any termination of this Agreement with respect to any Expense Limitation Payments that have not been reimbursed by the Fund to the Adviser. |
| 3. | Miscellaneous |
| (a) | The captions of this Agreement are included for convenience only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect. |
| (b) | This Agreement contains the entire agreement of the parties and supersedes all prior agreements, understandings and arrangements with respect to the subject matter hereof. |
| (c) | Notwithstanding the place where this Agreement may be executed by any of the parties hereto, this Agreement shall be construed in accordance with the laws of the State of New York. For so long as the Fund is a registered investment company under the 1940 Act, this Agreement shall also be construed in accordance with the applicable provisions of the 1940 Act. In such case, to the extent the applicable laws of the State of New York or any of the provisions herein conflict with the provisions of the 1940 Act, the latter shall control. Further, nothing in this Agreement shall be deemed to require the Fund to take any action contrary to the Fund’s Amended and Restated Agreement and Declaration of Trust or By-Laws, as each may be amended or restated, or to relieve or deprive the Board of Trustees of the Fund of its responsibility for and control of the conduct of the affairs of the Fund. |
| (d) | If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby and, to this extent, the provisions of this Agreement shall be deemed to be severable. |
| (e) | The Fund shall not assign this Agreement or any right, interest or benefit under this Agreement without the prior written consent of the Adviser. |
| (f) | This Agreement may be amended in writing by mutual consent of the parties. This Agreement may be executed by the parties on any number of counterparts, delivery of which may occur by facsimile or as an attachment to an electronic communication, each of which shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. |
IN WITNESS WHEREOF, the paities hereto have caused this Agreement to be executed by their duly authorized representatives as of the date first written above.
| EAGLE POINT ENHANCED INCOME TRUST | ||
| By: | /s/ Kenneth Onorio | |
| Name: | Kenneth Onorio | |
| Title: | Chief Financial Officer | |
| EAGLE POINT ENHANCED INCOME MANAGEMENT LLC | ||
| By: | /s/ Kenneth Onorio | |
| Name: | Kenneth Onorio | |
| Title: | Chief Financial Officer | |
[Signature Page to Amended and Restated Expense limitation and Reimbursement Agreement}
Appendix A
Form of Notice of Expense Limitation Payment or Reimbursement
¨ Expense Limitation Payment
Expense Limitation Payment Effective Date: 
Expense Limitation Payment Amount: 
All Expense Limitation Payments are subject to reimbursement pursuant to the terms of the Agreement.
¨ Reimbursement Payment
Reimbursement Effective Date: 
Reimbursement Amount:
| This ‘N-2/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed as of: | 3/29/24 | None on these Dates | ||
| Filed on: | 3/28/24 | |||
| 10/6/23 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/27/23 Eagle Point Enhanced Income Trust N-2/A 2:1.2M Toppan Merrill/FA 10/13/23 Eagle Point Enhanced Income Trust N-2 5:1.4M Toppan Merrill/FA |