Ellington Credit confirms April 1 conversion to Delaware closed-end fund

Ellington Credit Co

Conversion effective April 1, 2025, approved by Board and shareholders.
Company to sell remaining Agency MBS pools and acquire additional CLOs post-conversion.
Will operate under the Investment Company Act of 1940 as a registered closed-end fund.
CEO Laurence Penn cites timing as potentially advantageous given market volatility.

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