---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-24-000071"
form_type: "8-K/A"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:41:38.080686+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Q2 net loss $0.8M, adj distributable earnings $0.36/sh; CLO portfolio doubles to $85M

## Summary
- Net loss of $0.8M ($0.04/sh); adjusted distributable earnings of $7.3M ($0.36/sh), covering $0.24 quarterly dividend.
- Book value $6.91/sh as of June 30; net mortgage assets-to-equity ratio 4.0:1; debt-to-equity 4.0:1 (3.7:1 adjusted).
- CLO portfolio grew to $85.1M (from $45.1M); capital allocation to CLOs increased to 45% (from 25%).
- Agency RMBS holdings decreased 28% to $531M as portfolio rotates to CLOs; net interest margins improved.
- Management expects Q3 adj distributable earnings to decline from Q2's $0.36 but still exceed Q1's $0.27.

## SEC filing metadata
- accession: 0001560672-24-000071
- form_type: 8-K/A
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000071/0001560672-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000071/earn-20240812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-24-000071
- JSON: https://secwatch.observer/filing/0001560672-24-000071.json
- Plain text: https://secwatch.observer/filing/0001560672-24-000071.txt

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