Ellington Credit Q4 net loss $2.0M; CLO portfolio grows 18%; conversion to RIC on track for April 1

Ellington Credit Co

Net loss of $(2.0M), or $(0.07) per share; adjusted distributable earnings $7.8M ($0.27/share).
CLO portfolio grew 18% to $171.1M; capital allocation to CLOs increased to 72% from 58%.
Net interest margins: credit 8.54%, agency 3.24%; overall 5.07%.
Book value $6.53/share as of Dec 31, 2024; monthly dividend $0.08 reaffirmed.
Shareholders approved conversion to Delaware RIC closed-end fund; expected completion April 1, 2025; will sell remaining Agency MBS.

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