Ellington Credit Q1 net loss $32.3M; NAV falls to $4.09; $54M notes issued

Ellington Credit Co

GAAP net loss of $32.3M ($0.86/share) vs net loss of $21.1M ($0.56/share) in prior quarter.
Net investment income $5.1M ($0.13/share); adjusted NII $7.3M ($0.19/share).
NAV per share $4.09, down from prior quarter including $0.24 in distributions.
CLO portfolio fair value $307.9M; purchased $30.7M and sold $34.2M of CLO investments.
Issued $54M senior unsecured notes at 8.5% due 2031; rated BBB by Egan-Jones.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ellington Credit Co reported the quarter ended March 31, 2026 results: revenue $5.1 million, net income $(32.3) million or $(0.86) per share, EPS $(0.86) per share.

Period: the quarter ended March 31, 2026
Revenue: $5.1 million
Net income: $(32.3) million or $(0.86) per share
EPS: $(0.86) per share
Result: reported results

Exact text from the filing

which includes the effects of distributions of $0.24 per share for the quarter. • GAAP net loss was $(32.3) million or $(0.86) per share. • Net investment income ("NII") was $5.1 million, or $0.13 per share. ◦ Adjusted net investment income 1 was $7.3 million, or $0.19 per share. • CLO portfolio was $307.9 million as of March 31, 2026. ◦ CLO debt

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Source: SEC EDGAR

accession 0001628280-26-036741

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