Welcome to our dedicated page for Ellington Credit Closed End Fund news (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Credit Closed End Fund stock.
Ellington Credit Company (EARN) operates as a non-diversified closed-end fund focused primarily on corporate collateralized loan obligations, or CLOs, with an emphasis on mezzanine debt and equity tranches. The fund is externally managed and advised by an affiliate of Ellington Management Group.
Company news commonly covers monthly common dividend declarations, quarterly financial results, net asset value updates, CLO portfolio activity, and capital-structure actions such as unsecured note offerings. Updates also include earnings-release schedules, conference calls, investor presentations, and commentary on CLO market conditions, credit spreads, liquidity management, and portfolio positioning.
Ellington Residential Mortgage REIT (NYSE: EARN) is set to release its financial results for Q2 2022 after market close on August 10, 2022. A conference call to discuss these results will occur on August 11, 2022, at 11:00 a.m. ET. To participate, dial (800) 343-4849 or (203) 518-9856 internationally. An investor presentation will also be available on the company’s website post-results. EARN specializes in managing residential mortgage-related assets and is externally advised by Ellington Residential Mortgage Management LLC.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, payable on August 25, 2022, to shareholders on record as of July 29, 2022. This announcement signifies the company’s ongoing commitment to returning value to its shareholders. The firm specializes in managing residential mortgage-related assets, primarily focusing on mortgage-backed securities.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, set to be paid on July 25, 2022 to shareholders of record by June 30, 2022. This move indicates the company's commitment to delivering consistent returns to its investors amidst fluctuating market conditions. The announcement aligns with EARN's operations in managing residential mortgage-backed securities, which are guaranteed by U.S. government agencies.
Ellington Residential Mortgage REIT (NYSE: EARN) reported a net loss of $(17.5) million or $(1.33) per share for Q1 2022, despite core earnings of $3.9 million, equating to $0.30 per share. The company’s book value stood at $10.14 per share and a dividend yield of 10.9% was noted. The first quarter faced significant volatility from rising interest rates and geopolitical issues, leading to substantial mark-to-market losses. Adjustments made for dividend yield aim at a 10% yield on book value. The company maintains a debt-to-equity ratio of 9.1:1 and cash liquidity of $29.9 million.
Ellington Residential Mortgage REIT (NYSE: EARN) declared a monthly common dividend of $0.08 per share, payable on June 27, 2022 to shareholders of record as of May 31, 2022.
The company focuses on acquiring and managing residential mortgage-backed securities, particularly those guaranteed by U.S. government agencies. It is externally managed by Ellington Residential Mortgage Management LLC.
Ellington Residential Mortgage REIT (NYSE: EARN) will release its financial results for Q1 2022 on May 2, 2022, after market close. A conference call to discuss these results is scheduled for May 3, 2022, at 11:00 a.m. ET. Investors can participate via telephone or listen to a live webcast on the Company's website. A replay of the call will be available from May 3 to May 10, 2022. Additionally, an investor presentation will be posted on the site after the earnings release.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.10 per share, payable on May 25, 2022, to shareholders of record as of April 29, 2022. This announcement reflects the company's commitment to returning income to its investors, despite the fluctuating market conditions that can affect performance due to interest rates and other economic factors.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly dividend of $0.10 per share, payable on April 25, 2022. Shareholders of record by March 31, 2022, will receive this payment. The company focuses on acquiring and managing residential mortgage-related assets, primarily investing in securities guaranteed by U.S. government agencies. The announcement is conditioned by forward-looking statements highlighting that results may fluctuate due to various market factors.
Ellington Residential Mortgage REIT (NYSE: EARN) reported a net loss of $2.8 million, or $0.21 per share, for Q4 2021, despite core earnings of $3.7 million, or $0.28 per share. The book value reached $11.76 per share, inclusive of $0.30 dividends. The net interest margin was recorded at 1.81%, with a debt-to-equity ratio of 6.9:1. Rising inflation and interest rate expectations have pressured the Agency RMBS market, leading to net mark-to-market losses exceeding gains. However, the company strategically took advantage of recent wide yield spreads and maintained disciplined risk management.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.10 per share, set for payment on March 25, 2022. Shareholders of record as of February 28, 2022 will receive this dividend. The company, focused on investing in residential mortgage-backed securities, emphasizes that results can fluctuate due to various factors, including economic conditions and interest rates. Shareholders are advised that future dividends are subject to market risks. For more details, visit www.earnreit.com.