secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001560672-23-000085
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Residential Mortgage REIT establishes $100M at-the-market equity offering program
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- Entered into equity distribution agreements with Citizens JMP, Ladenburg Thalmann, B. Riley Securities, and affiliate Armstrong Securities.
- May sell up to $100 million of common shares from time to time through ATM offerings on NYSE or in negotiated transactions.
- Agents will receive aggregate compensation up to 2.0% of gross proceeds from shares sold under the agreements.
- Armstrong Securities LLC is an affiliate of the Company and will receive compensation not exceeding 2.0% per share.
- Shares will be issued under existing Form S-3 registration statement; no obligation to sell any shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000156067223000085/0001560672-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000156067223000085/earn-20231114.htm
  HTML page:      https://secwatch.observer/filing/0001560672-23-000085

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