Ellington Credit reports preliminary Q4 net loss per share $(0.08)-$(0.06); adjusted distributable earnings $0.26-$0.28

Ellington Credit Co

Book value per share $6.52-$6.54 as of Dec 31, including $0.24 dividends.
Net loss per share $(0.08)-$(0.06); adjusted distributable earnings $0.26-$0.28 per share.
Total shareholders' equity $195M; CLO portfolio $170M, MBS portfolio $510M.
Capital allocation to CLOs increased to 72% from 58% as of Sept 30.
Conversion to closed-end fund expected on or before April 1, 2025, approved by shareholders.

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