secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001560672-22-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Residential Q3 net loss of $13.7M ($1.04/sh); adjusted distributable earnings $0.23/sh
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- Net loss of $13.7M ($1.04 per share); adjusted distributable earnings of $3.0M ($0.23 per share).
- Book value per share fell to $7.78 as of Sept 30, 2022, including $0.24 in dividends.
- Debt-to-equity ratio rose to 9.1:1; net mortgage assets-to-equity ratio 7.5:1.
- Net interest margin (excl. catch-up adjustment) was 1.28%; weighted average CPR on fixed-rate Agency pools 9.8%.
- Monthly dividend of $0.08/sh declared on Nov 7; dividend yield 13.9% based on $6.89 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000156067222000054/0001560672-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000156067222000054/earn-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001560672-22-000054

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