Recent 8-K filings for EARN
Highest-materiality recent filing
Ellington Credit shareholders approve conversion to CLO closed-end fund; over 93% of votes in favor
- Shareholders approved conversion from Maryland REIT to Delaware registered closed-end fund focusing on corporate CLO investments.
- Over 93% of votes cast in favor (over 95% excluding abstentions); Series A Preferred automatically redeemed after vote.
-
Ellington Credit Q1 net loss $32.3M; NAV falls to $4.09; $54M notes issued
GAAP net loss of $32.3M ($0.86/share) vs net loss of $21.1M ($0.56/share) in prior quarter.
-
Ellington Credit closes $50M 8.50% notes due 2031; NYSE listing under 'ELLA'
Issued $50M aggregate principal of 8.50% Notes due 2031 (NYSE: ELLA).
-
Ellington Credit prices $50M of 8.50% notes due 2031; overallotment option of $7.5M
Aggregate principal amount of $50 million; interest rate 8.50% per annum; maturity March 30, 2031.
-
Ellington Credit Q3 FY2025 net loss $21.1M ($0.56/sh); NAV falls to $5.19
GAAP net loss of $21.1M ($0.56 per share); net investment income $7.8M ($0.21 per share).
-
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.
-
Ellington Credit Q1 NAV rises to $6.12; CLO portfolio grows 27% to $317M
GAAP net income $10.2M ($0.27/share); NII $6.5M ($0.17/share); adjusted NII $6.6M ($0.18/share).
-
Ellington Credit reports Q1 net loss $7.9M; CLO portfolio grows 46% to $250M
Net loss of ($7.9M) or ($0.23) per share; Adjusted Distributable Earnings of $0.26 per share.
-
Converted to Delaware-domiciled closed-end fund registered under 1940 Act, effective April 1, 2025; will be taxed as RIC.
-
Ellington Credit Q4 net loss $2.0M; CLO portfolio grows 18%; conversion to RIC on track for April 1
Net loss of $(2.0M), or $(0.07) per share; adjusted distributable earnings $7.8M ($0.27/share).
-
Ellington Credit upsizes ATM offering to $190M; $125.4M already sold
Maximum aggregate offering price increased to $190.0 million under amended equity distribution agreements.
-
Book value per share $6.52-$6.54 as of Dec 31, including $0.24 dividends.
-
Ellington Credit shareholders approve conversion to CLO closed-end fund; over 93% of votes in favor
Shareholders approved conversion from Maryland REIT to Delaware registered closed-end fund focusing on corporate CLO investments.
-
Ellington Credit issues mirror preferred shares to pass conversion vote in early 2025
Issued 1,000 Series A Preferred Shares at $1,000 aggregate to external manager to amplify common shareholder votes on conversion to registered closed-end fund.
-
Ellington Credit Q3 net income $5.4M ($0.21/sh); CLO portfolio grows 70% to $144.5M
Net income $5.4M ($0.21/sh) vs loss $815K prior quarter; Adj. Distributable Earnings $7.2M ($0.28/sh) covers $0.08 monthly dividend.
-
Ellington Credit updates on CLO-focused closed-end fund conversion; targets year-end vote
Revoked REIT election effective Jan 1, 2024; currently taxable C-Corp, will become RIC post-conversion.
-
Q2 net loss $0.8M, adj distributable earnings $0.36/sh; CLO portfolio doubles to $85M
Net loss of $0.8M ($0.04/sh); adjusted distributable earnings of $7.3M ($0.36/sh), covering $0.24 quarterly dividend.
-
Net loss of $0.8M ($0.04 diluted EPS); adjusted distributable earnings of $7.3M ($0.36 per share).
-
Ellington Credit Q1 net income $0.20/sh; shifts to CLO focus, plans closed-end fund conversion
Net income $4.0M ($0.20/sh); adjusted distributable earnings $5.3M ($0.27/sh) covered $0.24/sh in dividends.
Materiality & sentiment trend
Max materiality 0.80 · Median 0.40 · Most common event dividend