secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2025-11-19T23:59:59+00:00
Accession:  0001628280-25-053254
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Credit Q2 fiscal 2026: NAV $5.99, NII $0.23/sh, dividend fully covered
--------------------------------------------------------------------------------

- GAAP net income of $4.3M ($0.11/sh); NII $8.5M ($0.23/sh) vs $6.5M ($0.17/sh) prior quarter.
- CLO portfolio grew to $379.6M fair value; weighted average projected yield of 13.4% on fair value.
- Monthly dividend maintained at $0.08/sh; management notes full dividend coverage from NII achieved in September.
- Net realized gains on CLO mezz debt offset by unrealized losses on equity and credit hedges, lowering net income vs Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000162828025053254/0001628280-25-053254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000162828025053254/earn-20251119.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-053254

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer