---
schema_version: "secwatch.filing_event.v1"
accession: "0001560672-25-000039"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T00:46:40.530386+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ellington Credit completes conversion to closed-end fund, plans to sell Agency MBS, acquire more CLOs

## Summary
- Converted to Delaware-domiciled closed-end fund registered under 1940 Act, effective April 1, 2025; will be taxed as RIC.
- New advisory agreement: 1.50% base management fee on NAV plus performance fee with 8% annual hurdle and 17.5% catch-up.
- Existing management agreement terminated on March 31, 2025; no termination fee paid.
- Adopted Dividend Reinvestment Plan at 95% of market price; changed fiscal and tax year end to March 31.
- Press release: intends to sell remaining Agency MBS pools and acquire additional corporate CLOs.

## SEC filing metadata
- accession: 0001560672-25-000039
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 3.03, 5.03, 5.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000156067225000039/0001560672-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000156067225000039/earn-20250328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560672-25-000039
- JSON: https://secwatch.observer/filing/0001560672-25-000039.json
- Plain text: https://secwatch.observer/filing/0001560672-25-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.