---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-24-000024"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:18:49.029156+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ellington Residential amends ATM equity agreements to reflect REIT revocation and planned conversion to closed-end fund

## Summary
- Amends existing ATM agreements with Citizens JMP, Ladenburg Thalmann, B. Riley, and Armstrong Securities.
- Amendments adjust reps/warranties and covenants for strategic transformation from REIT to RIC/closed-end fund.
- Up to $78.4 million in common shares remain available for at-the-market sales under the agreements.
- Agents receive aggregate compensation up to 2.0% of gross proceeds; Armstrong is an affiliate.
- Effective April 3, 2024; Company has no obligation to sell any shares.

## SEC filing metadata
- accession: 0001560672-24-000024
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000024/0001560672-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000024/earn-20240403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-24-000024
- JSON: https://secwatch.observer/filing/0001560672-24-000024.json
- Plain text: https://secwatch.observer/filing/0001560672-24-000024.txt

## Key facts
- Material Agreements
  Ellington Credit Co amended Amendments with Citizens JMP Securities, LLC, Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., Armstrong Securities LLC (effective 2024-04-03).
  - Action: amendment
  - Agreement: atm program
  - Counterparty: Citizens JMP Securities, LLC, Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., Armstrong Securities LLC
  - Effective: 2024-04-03
  source text: On April 3, 2024, Ellington Residential Mortgage REIT (the "Company") and Ellington Residential Mortgage Management LLC, the Company's manager, entered into amendments (the "Amendments") to each of the equity distribution agreements, dated as of November 14, 2023, by and among the Company and the Manager, on the one hand, and each of Citizens JMP Securities, LLC, Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and Armstrong Securities LLC (each, an "Agent" and, collectively, the "Agents"), respectively, on the other hand (prior to the Amendment, the "Existing Sales Agreements" and, as amended, the "Sales Agreements").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000024/0001560672-24-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.