secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001560672-25-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000156067225000025/0001560672-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000156067225000025/earn-20250312.htm
  HTML page:      https://secwatch.observer/filing/0001560672-25-000025

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