|
|
|
|
|
19.05.26 - 22:21
|
Ellington Credit Company Announces Financial Results for the Fourth Fiscal Quarter Ended March 31, 2026 (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended March 31, 2026.
Highlights
Net asset value (NAV) per share was $4.09 as of March 31, 2026, which includes the effects of distributions of $0.24 per share for the quarter.
GAAP net loss was $(32.3) million or $(0.86) per share.
Net investment income ("NII") was $5.1 million, or $0.13 per share.
Adjusted net investment income1 was $7.3 million, or $0.19 per share.
CLO portfolio was $307.9 million as of March 31, 2026.
CLO debt investments—$145.1 million
CLO equity investments—$162.8 million
Purchased $30.7 million of CLO investments and sold $34.2 million, across 44 trades.
Weighted average GAAP yield2 for the quarter, based on amortized cost, was 12.5% on the total CLO portfolio.
Received $17.4 million in recurring cash distributions3 from the investment portfolio, or $0.46 per share.
Issued $54 million of senior unsecured notes on March 30, 2026...
|
|
|
05.05.26 - 22:18
|
Ellington Credit Company Announces Release Date of Earnings, Conference Call, and Investor Presentation (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2026 after market close on Tuesday, May 19, 2026. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 20, 2026. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference the conference code EARNQ426. International callers should dial (203) 518-9848 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.com. To listen to the live webcast, please visit www.ellingtoncredit.com at least 15 minutes prior to the start of the call to register, download, and install necessary audio software.
A dial-in replay of the conference call will be available on Wednesday, May...
|
|
|
|
|
07.04.26 - 22:18
|
Ellington Credit Declares Monthly Common Dividend (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--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 29, 2026 to common shareholders of record as of April 30, 2026.
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, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our futur...
|
|
|
31.03.26 - 23:18
|
Ellington Credit Company Closes Offering of Unsecured Notes (Business Wire)
|
|
|
Offering Size Increased Through Partial Exercise of Over-Allotment OptionOLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the closing of its previously announced underwritten public offering of $50.0 million aggregate principal amount of 8.50% notes due 2031 (the "2031 Notes"). The Fund further announced that the underwriters partially exercised their over-allotment option and purchased an additional $4.0 million aggregate principal amount of 2031 Notes, bringing the total offering size to $54.0 million to date.
The 2031 Notes have been rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of 2031 Notes, inclusive of the partial exercise of $4.0 million, at the same price and on the same terms and conditions, to cover over-allotments. The Fund expects to use the net pr...
|
|
|
26.03.26 - 02:06
|
Ellington Credit Company Prices Offering of Unsecured Notes (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the pricing of an underwritten public offering of $50 million aggregate principal amount of 8.50% notes due 2031 (the “2031 Notes”). The 2031 Notes will mature on March 30, 2031, and may be redeemed in whole or in part at the Fund's option on or after March 30, 2028.
The 2031 Notes have been rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of 2031 Notes at the same price and on the same terms and conditions to cover over allotments, if any. The Fund expects to use the net proceeds from the offering for general corporate purposes, including (i) funding purchases of additional assets in accordance with the Fund's investment objectives and strategies, and (ii) repaying short-term borrowings under reverse repurchase agr...
|
|
|
|
|
25.03.26 - 13:24
|
Ellington Credit Company Announces Offering of Unsecured Notes (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the commencement of an underwritten public offering of unsecured notes due 2031 (the “2031 Notes”). The public offering price, interest rate, and other terms will be determined through negotiations between the Fund and the underwriters. The 2031 Notes have been rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund intends to grant the underwriters a 30-day option to purchase additional 2031 Notes at the same price and on the same terms and conditions to cover overallotments, if any. The Fund expects to use the net proceeds from the offering for general corporate purposes, including (i) funding purchases of additional assets in accordance with the Fund's investment objectives and strategies and (ii) repaying short-term borrowings under reverse repurchase agreements, which the Fund uses to finance many of its investments.
The 2031 Notes a...
|
|
|
|
|
09.03.26 - 21:21
|
Ellington Credit Declares Monthly Common Dividend (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--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 April 30, 2026 to common shareholders of record as of March 31, 2026.
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, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our fut...
|
|
|
|
|
|
|
04.03.26 - 22:18
|
Ellington Credit Company Announces Financial Results for the Third Fiscal Quarter Ended December 31, 2025 (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2025.
Highlights
Net asset value (NAV) per share was $5.19 as of December 31, 2025, which includes the effects of distributions of $0.24 per share for the quarter.
GAAP net income (loss) was $(21.1) million or $(0.56) per share.
Net investment income ("NII") was $7.8 million, or $0.21 per share.
Adjusted net investment income1 was $7.8 million, or $0.21 per share.
CLO portfolio was $369.5 million as of December 31, 2025.
CLO debt investments—$176.9 million.
CLO equity investments—$192.6 million.
Purchased $65.8 million of CLO investments and sold $17.4 million, across 47 trades.
Weighted average GAAP yield2 for the quarter was 13.7% on the total CLO portfolio.
Received $19.1 million in recurring cash distributions3 from the investment portfolio, or $0.51 per share.
Management Commentary
"The fourth calendar quarter was challeng...
|
|
|
|
|
19.02.26 - 22:21
|
Ellington Credit Company Announces Release Date of Earnings, Conference Call, and Investor Presentation (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2025 after market close on Wednesday, March 4, 2026. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, March 5, 2026. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference the conference code EARNQ326. International callers should dial (203) 518-9848 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.com. To listen to the live webcast, please visit www.ellingtoncredit.com at least 15 minutes prior to the start of the call to register, download, and install necessary audio software.
A dial-in replay of the conference call will be available on Thursday...
|
|
|
|
|
09.02.26 - 22:21
|
Ellington Credit Declares Monthly Common Dividend (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--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 March 31, 2026 to common shareholders of record as of February 27, 2026.
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, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our ...
|
|
|
03.02.26 - 01:03
|
Ellington Credit Announces the Income Tax Treatment of its 2025 Distributions (Business Wire)
|
|
|
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Fund") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2025 on the Fund's common shares has been posted to the Fund's website, at https://www.ellingtoncredit.com/dividend-and-tax-information. The Fund operated as a taxable C-Corp from January 1, 2025 to March 31, 2025, and has operated as a regulated investment company since April 1, 2025.
About Ellington Credit Company
Ellington Credit Company is a non-diversified closed-end fund that seeks to provide attractive current yields and risk-adjusted total returns by investing primarily in corporate collateralized loan obligations ("CLOs"), with a focus on mezzanine debt and equity tranches. The Fund is externally managed and advised by an affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994. The Fund benefits from Ellington's extensive experience and deep exp...
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
