{"schema_version":"secwatch.filing_event.v1","accession":"0001560672-24-000036","form_type":"8-K","ticker":"EARN","cik":"0001560672","company_name":"Ellington Credit Co","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.960334+00:00","generated_at":"2026-06-03T11:53:37.049089+00:00","sec_items":["1.01","3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ellington Credit adopts tax asset preservation rights plan to protect NOLs","bullets":["Plan effective April 23, 2024; triggers at 4.9% ownership to deter Section 382 ownership change.","Expires upon conversion to closed-end fund/RIC (planned later 2024) or April 23, 2025, whichever earliest.","Rights initially trade with common; if triggered, holders (except acquiring person) get 50% discount shares or exchange.","Existing 4.9% holders can keep shares but cannot acquire additional >0.5% without triggering plan.","Board may exempt persons; rights redeemable for $0.01 per right before trigger."],"urls":{"canonical":"https://secwatch.observer/filing/0001560672-24-000036","json":"https://secwatch.observer/filing/0001560672-24-000036.json","markdown":"https://secwatch.observer/filing/0001560672-24-000036.md","text":"https://secwatch.observer/filing/0001560672-24-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000036/0001560672-24-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000036/earn-20240422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T11:53:37.049089+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"12c52fc51be698189e375a91a413e938979f1075","claim":"Ellington Credit Co: Board adopted a Section 382 rights plan to protect NOLs, authorizing a dividend of one preferred share purchase right per common share (effective 2024-04-22).","evidence_excerpt":"On April 22, 2024, the Board of Trustees (the “Board”) of Ellington Credit Company, a Maryland real estate investment trust (the “Company”), approved the Company's entry into a rights plan and authorized a dividend of one preferred share purchase right (“Right”) for each of the Company's outstanding common shares","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000036/0001560672-24-000036-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2024-04-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}