{"schema_version":"secwatch.filing_event.v1","accession":"0001560672-24-000156","form_type":"8-K","ticker":"EARN","cik":"0001560672","company_name":"Ellington Credit Co","filed_at":"2024-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.788660+00:00","generated_at":"2026-05-29T05:38:03.472838+00:00","sec_items":["1.01","5.03","3.02","3.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ellington Credit issues mirror preferred shares to pass conversion vote in early 2025","bullets":["Issued 1,000 Series A Preferred Shares at $1,000 aggregate to external manager to amplify common shareholder votes on conversion to registered closed-end fund.","Each preferred share carries 25,000 votes but must 'mirror' the proportion of votes cast by common shareholders on conversion proposals.","Over 91% of votes cast at Dec 4, 2024 annual meeting favored conversion, but low turnout prevented passage; new special meeting planned for early 2025.","Preferred shares have no dividend rights, are non-convertible, and will be automatically redeemed upon shareholder approval of conversion (or earlier).","The conversion would make Ellington a Delaware statutory trust, a registered closed-end investment company, and a RIC focused on CLO investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001560672-24-000156","json":"https://secwatch.observer/filing/0001560672-24-000156.json","markdown":"https://secwatch.observer/filing/0001560672-24-000156.md","text":"https://secwatch.observer/filing/0001560672-24-000156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000156/0001560672-24-000156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560672/000156067224000156/earn-20241209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T05:38:03.472838+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}