---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-24-000136"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:54:42.926981+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ellington Credit Q3 net income $5.4M ($0.21/sh); CLO portfolio grows 70% to $144.5M

## Summary
- Net income $5.4M ($0.21/sh) vs loss $815K prior quarter; Adj. Distributable Earnings $7.2M ($0.28/sh) covers $0.08 monthly dividend.
- CLO portfolio grew to $144.5M from $85.1M; Agency RMBS reduced to $462.1M as capital rotation continues.
- Book value $6.85/sh; net interest margin 5.22% overall (credit 9.65%, Agency 3.52%).
- Debt-to-equity ratio decreased to 2.5:1; annualized economic return of 10.8% for Q3.
- Strategic transformation to closed-end fund/RIC pending shareholder vote; ISS and Glass Lewis recommend 'For'.

## SEC filing metadata
- accession: 0001560672-24-000136
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000136/0001560672-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067224000136/earn-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-24-000136
- JSON: https://secwatch.observer/filing/0001560672-24-000136.json
- Plain text: https://secwatch.observer/filing/0001560672-24-000136.txt

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