Filing Analysis
Ellington Credit Company announced a monthly common dividend of $0.08 per share for April 2026. The dividend is payable on May 29, 2026, to shareholders of record as of April 30, 2026.
Key Facts
- Board of Trustees declared a monthly common dividend of $0.08 per share on April 7, 2026.
- The dividend is payable on May 29, 2026.
- The record date for the dividend is April 30, 2026.
- The announcement was made via a press release filed as Exhibit 99.1.
Ellington Credit Company closed a public offering of $50 million in 8.50% senior unsecured notes due 2031. The notes are expected to trade on the NYSE under the symbol 'ELLA' and include an over-allotment option for an additional $7.5 million.
Key Facts
- Issued $50 million aggregate principal amount of 8.50% Notes due 2031.
- Underwriters have a 30-day option to purchase up to an additional $7.5 million in Notes.
- Interest is payable quarterly on March 30, June 30, September 30, and December 30, beginning June 30, 2026.
- The Notes are callable at the Fund's option on or after March 30, 2028, at 100% of the principal amount.
- The Notes are unsecured and rank senior to future subordinated debt but effectively junior to secured indebtedness.
- The Indenture requires compliance with asset coverage requirements of Section 18(a)(1)(A) of the 1940 Act.
Ellington Credit Co entered into an underwriting agreement to issue $50 million in 8.50% notes due 2031, with an additional $7.5 million over-allotment option. The proceeds are earmarked for asset acquisitions and the repayment of short-term borrowings under reverse repurchase agreements.
Key Facts
- Issuance of $50 million aggregate principal amount of 8.50% notes due 2031.
- Underwriters led by Piper Sandler & Co. have a 30-day option to purchase an additional $7.5 million in notes.
- The notes are expected to be listed on the NYSE under the symbol 'ELLA'.
- Closing is expected on March 30, 2026.
- Proceeds will be used for purchasing additional assets and repaying short-term reverse repurchase agreement borrowings.
Ellington Credit Co announced a monthly common dividend of $0.08 per share for March 2026. The dividend is scheduled to be paid on April 30, 2026, to shareholders of record as of March 31, 2026.
Key Facts
- Board of Trustees declared a monthly common dividend of $0.08 per share
- The dividend is payable on April 30, 2026
- The record date for the dividend is March 31, 2026
- The announcement was made via a press release on March 9, 2026
Ellington Credit Co (EARN) reported its financial results for the fourth quarter ended December 31, 2025, via a press release issued on March 4, 2026.
Key Facts
- Announced Q4 2025 financial results on March 4, 2026
- Filing includes Item 2.02 (Results of Operations) and Item 7.01 (Regulation FD Disclosure)
- Press release furnished as Exhibit 99.1
- Christopher Smernoff, CFO, signed the report