{"schema_version":"secwatch.filing_event.v1","accession":"0001560672-24-000042","form_type":"8-K","ticker":"EARN","cik":"0001560672","company_name":"Ellington Credit Co","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.960566+00:00","generated_at":"2026-06-02T00:47:46.583958+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ellington Credit Q1 net income $0.20/sh; shifts to CLO focus, plans closed-end fund conversion","bullets":["Net income $4.0M ($0.20/sh); adjusted distributable earnings $5.3M ($0.27/sh) covered $0.24/sh in dividends.","CLO portfolio doubled to $45.1M; targets >$100M while retaining Agency MBS for 1940 Act exemption.","Board approved shift to corporate CLOs, revoked REIT status; conversion to closed-end fund/RIC planned later in 2024.","Book value $7.21/sh; net interest margin rose to 3.03%; debt-to-equity 4.8:1 (adjusted 4.9:1).","CEO says transition on track, expects higher risk-adjusted returns and less volatility for shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001560672-24-000042","json":"https://secwatch.observer/filing/0001560672-24-000042.json","markdown":"https://secwatch.observer/filing/0001560672-24-000042.md","text":"https://secwatch.observer/filing/0001560672-24-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000042/0001560672-24-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000042/earn-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:47:46.583958+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":"5cf6a0e4de6705eaefa4099a769ff0c4829271d3","claim":"Ellington Credit Co reported quarter ended March 31, 2024 results: net income $4.0 million, or $0.20 per share, EPS $0.20 per share.","evidence_excerpt":"On May 14, 2024, the Company issued a press release announcing its financial results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000042/0001560672-24-000042-index.htm","confidence":0.65,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Net income","value":"$4.0 million, or $0.20 per share"},{"label":"EPS","value":"$0.20 per share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}