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Ellington Credit (EARN) Stock News, Oct 19, 2020

EARN NYSE

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.

Rhea-AI Summary

Ellington Residential Mortgage REIT (NYSE: EARN) announced it will release its financial results for Q3 2020 on November 5, 2020, before market open. A conference call to discuss these results will follow at 11:00 a.m. ET on the same day. Interested parties can participate via phone or through a live webcast available on their website. Additionally, an investor presentation will be posted prior to the call. The REIT focuses on acquiring and managing residential mortgage-related assets, primarily residential mortgage-backed securities guaranteed by U.S. government agencies.

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FAQ

What is the current stock price of Ellington Credit (EARN)?

Ellington Credit (EARN) last closed at $3.48.

What is the market cap of Ellington Credit (EARN)?

The market cap of Ellington Credit (EARN) is approximately $136.8M.