Ellington Credit reports Q1 net loss $7.9M; CLO portfolio grows 46% to $250M

Ellington Credit Co

Net loss of ($7.9M) or ($0.23) per share; Adjusted Distributable Earnings of $0.26 per share.
CLO portfolio grew 46% to $249.9M; capital allocation to CLOs increased to 81%.
Book value per share $6.08 as of March 31, including $0.24/sh dividends paid.
Completed conversion to closed-end fund on April 1, 2025; sold remaining Agency RMBS.
Estimated NAV per share range $5.85-$5.91 as of April 30; declared $0.08/sh dividend.

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