Ellington Credit updates on CLO-focused closed-end fund conversion; targets year-end vote

Ellington Credit Co

Revoked REIT election effective Jan 1, 2024; currently taxable C-Corp, will become RIC post-conversion.
On track for shareholder vote at annual meeting later this year to approve conversion to closed-end fund/RIC.
Post-conversion, Greg Borenstein and Mike Vranos to be co-portfolio managers for CLO strategy.
Core Agency MBS portfolio maintained to preserve 1940 Act exemption until conversion completes.

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