{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-036741","form_type":"8-K","ticker":"EARN","cik":"0001560672","company_name":"Ellington Credit Co","filed_at":"2026-05-20T13:07:06+00:00","discovered_at":"2026-05-20T13:08:00.453199+00:00","generated_at":"2026-05-20T13:08:21.324336+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ellington Credit Q1 net loss $32.3M; NAV falls to $4.09; $54M notes issued","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-036741","json":"https://secwatch.observer/filing/0001628280-26-036741.json","markdown":"https://secwatch.observer/filing/0001628280-26-036741.md","text":"https://secwatch.observer/filing/0001628280-26-036741.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/0001628280-26-036741-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/earn-20260519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T13:08:21.324336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09e6f802434644551f76cc9c86c6015794719724","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/0001628280-26-036741-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$5.1 million"},{"label":"Net income","value":"$(32.3) million or $(0.86) per share"},{"label":"EPS","value":"$(0.86) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}