secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001560672-23-000057
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Residential Q2 2023 net income $1.2M ($0.09/share); adjusted distributable earnings $0.17/share
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- Net income $1.2M, EPS $0.09; Adjusted Distributable Earnings $2.4M ($0.17/share).
- Book value $8.12/share as of June 30, 2023, after dividends of $0.24/share for the quarter.
- Debt-to-equity ratio 7.5:1; net mortgage assets-to-equity 7.0:1; cash $43.7M.
- Monthly dividend $0.08 declared on Aug 7, 2023; dividend yield 13.6% based on $7.07 close.
- Agency RMBS portfolio turnover 19%; net interest margin 0.93%; CEO outlook positive on Agency MBS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000156067223000057/0001560672-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000156067223000057/earn-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001560672-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer