other material
confidence high
sentiment neutral
materiality 0.55
Ellington Credit ups ATM offering capacity by $30M to $130M total
Ellington Credit Co
- Company increased maximum aggregate offering price under existing ATM sales agreements from $100M to $130M.
- Approximately $100M in shares already sold before Jan 13; up to $30M additional available via agents including affiliate Armstrong.
- Agents earn up to 2.0% of gross proceeds; sales will be made at market on NYSE.
- Company has no obligation to sell and may suspend offerings at any time.