secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2026-05-20T13:07:06+00:00
Accession:  0001628280-26-036741
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/0001628280-26-036741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/earn-20260519.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-036741

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