OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced the appointment of Mary McBride to its Board of Trustees (the "Board"), effective immediately. "We are excited to have Mary McBride join our Board as an independent Trustee. Mary’s extensive experience in commercial banking and as a director of publicly traded companies should add a valuable perspective to our Board," said Laurence Penn, Chief Executive Officer of EARN. Ms. McBride added, "I am honored to be named as a Trustee of EARN, and look forward to partnering with the Board and management team to continue to deliver strong shareholder returns." Ms. McBrid

OLD GREENWICH, Conn--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced the appointment of C. C. Melvin “Mel” Ike to its Board of Trustees (the “Board”), effective immediately. Mr. Ike replaces Menes O. Chee, a member of the Board since May 2013, who is resigning in conjunction with Mr. Ike’s appointment. "We are excited to have Melvin Ike join our Board as a Trustee. Mel’s experience as a senior member of the Tactical Opportunities Group at Blackstone should make for a seamless transition. We would like to thank Menes for his service as Blackstone’s representative on the Board for the past seven years, and wish him well in his new rol

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that Robert B. Allardice, III, an Independent Director and Chairman of the Company’s Audit Committee, has been appointed Chairman of the Board of Trustees (the “Board”). Mr. Allardice replaces Thomas F. Robards, who is stepping down from his role as Chairman and remains on the Board as an Independent Trustee. “We are excited about Barry Allardice’s elevation to Chairman of the Board. Barry has deep knowledge of the Company and has been an invaluable asset as Chairman of the Audit Committee since 2013,” said Laurence Penn, Chief Executive Officer of EARN. Mr. Alla

Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Agency, and 5.27% overall. CLO portfolio increased to $249.9 million as of March 31, 2025, compared to $171.1 million as of December 31, 2024. Capital allocation3 to CLOs increased to 81% as of March 31, 2025, compared to 72% as o

Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ125. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingtoncredit.

Ellington Credit Company (NYSE:EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on June 30, 2025 to shareholders of record as of May 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, o

Ellington Credit Company (NYSE:EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on May 27, 2025 to shareholders of record as of April 30, 2025. As previously announced, in connection with its recently completed conversion to a closed-end fund registered under the Investment Company Act of 1940, the Fund has implemented a Dividend Reinvestment Plan (the "DRP"). The DRP provides for automatic reinvestment of cash distributions, unless prior to the related record date a shareholder (or the broker holding its shares) elects to receive cash. Please see the Fund's Current Report on Form 8-K or Registration St

— Marks Successful Conversion to CLO Closed-End Fund — Ellington Credit Company (NYSE:EARN) announced today that it will ring the closing bell at the New York Stock Exchange on April 2, 2025 to celebrate its conversion to a closed-end fund focused on corporate collateralized loan obligation ("CLO") investments. The ringing of the closing bell will also commemorate the 30-year anniversary of Ellington Management Group, the parent company of EARN's investment adviser. About Ellington Credit Company Ellington Credit Company (the "Fund") is an externally managed, non-diversified closed-end fund that seeks to provide attractive current yields and risk-adjusted total returns by investing prim

Ellington Credit Company (NYSE:EARN) (the "Fund") announced today the completion of its conversion to a Delaware-domiciled closed-end fund registered under the Investment Company Act of 1940 (the "Conversion"). In conjunction with the Conversion, the Fund intends to sell its remaining Agency MBS pools, acquire additional corporate collateralized loan obligations ("CLOs"), and operate as a Regulated Investment Company ("RIC") under U.S. federal tax law. The Fund also plans to change its fiscal and tax year to end on March 31, the day prior to the Conversion. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the s

Ellington Credit Company (NYSE:EARN) (the "Company") announced today it has obtained all necessary approvals from its Board of Trustees and shareholders to convert to a Delaware-registered closed-end fund, effective April 1, 2025 (the "Conversion"). Upon effectiveness of the Conversion, the Company intends to sell its remaining Agency MBS pools, acquire additional CLOs, and operate in compliance with the Investment Company Act of 1940. Laurence Penn, Chief Executive Officer and President, stated: "We are excited to begin this new chapter as a closed-end fund, which we believe will enhance our ability to generate strong risk-adjusted returns and unlock additional value for shareholders. Giv

Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss) of $(2.0) million, or $(0.07) per share. Adjusted Distributable Earnings1 of $7.8 million, or $0.27 per share. Book value of $6.53 per share as of December 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 8.54% on credit, 3.24% on Agency, and 5.07% overall. CLO portfolio increased to $171.1 million at year end, compared to $144.5 million as of September 30, 2024. Capital allocation3 to CLOs increased to 72% at year end, compared to 58% as of September 30, 202

Ellington Credit Company (NYSE:EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 25, 2025 to shareholders of record as of March 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by

Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2024 after market close on Wednesday, March 12, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, March 13, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ424. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingto

Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Agency, and 5.27% overall. CLO portfolio increased to $249.9 million as of March 31, 2025, compared to $171.1 million as of December 31, 2024. Capital allocation3 to CLOs increased to 81% as of March 31, 2025, compared to 72% as o

Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ125. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingtoncredit.

Ellington Credit Company (NYSE:EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on June 30, 2025 to shareholders of record as of May 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, o

Ellington Credit Company (NYSE:EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on May 27, 2025 to shareholders of record as of April 30, 2025. As previously announced, in connection with its recently completed conversion to a closed-end fund registered under the Investment Company Act of 1940, the Fund has implemented a Dividend Reinvestment Plan (the "DRP"). The DRP provides for automatic reinvestment of cash distributions, unless prior to the related record date a shareholder (or the broker holding its shares) elects to receive cash. Please see the Fund's Current Report on Form 8-K or Registration St

Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss) of $(2.0) million, or $(0.07) per share. Adjusted Distributable Earnings1 of $7.8 million, or $0.27 per share. Book value of $6.53 per share as of December 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 8.54% on credit, 3.24% on Agency, and 5.07% overall. CLO portfolio increased to $171.1 million at year end, compared to $144.5 million as of September 30, 2024. Capital allocation3 to CLOs increased to 72% at year end, compared to 58% as of September 30, 202

Ellington Credit Company (NYSE:EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 25, 2025 to shareholders of record as of March 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by

Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2024 after market close on Wednesday, March 12, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, March 13, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ424. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingto

Ellington Credit Company (NYSE:EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on March 25, 2025 to shareholders of record as of February 28, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, o

Ellington Credit Company (NYSE:EARN) ("we") today reported the following preliminary fourth quarter financial results, and update on its portfolio and pending conversion to a CLO closed-end fund. Book value per common share is estimated to be in the range of $6.52 to $6.54 as of December 31, 2024, including the effects of dividends of $0.24 per common share declared during the quarter. Net income (loss) per common share is estimated to be in the range of $(0.08) to $(0.06) for the quarter ended December 31, 2024. Adjusted Distributable Earnings1 per common share is estimated to be in the range of $0.26 to $0.28 for the quarter ended December 31, 2024. Adjusted Distributable Earning

Ellington Credit Company (NYSE:EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2024 on the Company's common shares has been posted to the Company's website, at https://www.ellingtoncredit.com/dividend-and-tax-information. The Company operated as a taxable C-Corp throughout all of 2024. About Ellington Credit Company Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT, was initially formed as a real estate investment trust ("REIT") that invested primarily in residential mortgage-backed securities ("MBS"). On March 29, 2024, the Company's Board of Trustees approved a strategic

UBS initiated coverage of Ellington Residential Mtg with a rating of Neutral and set a new price target of $6.00

UBS initiated coverage of Ellington Residential Mtg with a rating of Neutral and set a new price target of $13.50

JMP Securities downgraded Ellington Residential Mtg from Mkt Outperform to Mkt Perform

Credit Suisse reiterated coverage of Ellington Residential with a rating of Neutral and set a new price target of $10.00 from $11.50 previously

Piper Sandler reiterated coverage of Ellington Residential with a rating of Overweight and set a new price target of $11.50 from $12.50 previously

BTIG downgraded Ellington Residential from Buy to Neutral

Piper Sandler initiated coverage of Ellington Residential with a rating of Overweight and set a new price target of $12.50

8-K - Ellington Credit Co (0001560672) (Filer)

497AD - Ellington Credit Co (0001560672) (Filer)

8-K - Ellington Credit Co (0001560672) (Filer)

8-K - Ellington Credit Co (0001560672) (Filer)

SCHEDULE 13G - Ellington Credit Co (0001560672) (Subject)

DEFA14A - Ellington Credit Co (0001560672) (Filer)

DEF 14A - Ellington Credit Co (0001560672) (Filer)

8-K - Ellington Credit Co (0001560672) (Filer)

40-17G - Ellington Credit Co (0001560672) (Filer)

8-K - Ellington Credit Co (0001560672) (Filer)

4 - Ellington Credit Co (0001560672) (Issuer)