secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001560672-24-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000156067224000024/0001560672-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000156067224000024/earn-20240403.htm
  HTML page:      https://secwatch.observer/filing/0001560672-24-000024

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