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 Credit Company (NYSE:EARN) reported strong financial results for Q1 fiscal 2025 (ended June 30). The company achieved a 19.7% annualized return and grew its CLO portfolio by 27% to $317 million. Net Asset Value (NAV) increased to $6.12 per share from $6.08, while GAAP net income reached $10.2 million ($0.27 per share).
The company completed its transition to a registered closed-end fund, successfully disposing of legacy mortgage-related investments. The CLO portfolio generated a weighted average GAAP yield of 15.6% and received $15.9 million in recurring cash distributions. The company maintains a monthly distribution of $0.08 per share, representing a 17.2% distribution rate based on the August 18 closing price.
Ellington Credit Company (NYSE: EARN) has announced its upcoming Q2 2025 earnings release schedule and conference call details. The company will release its financial results for the quarter ended June 30, 2025, after market close on Tuesday, August 19, 2025.
A conference call to discuss the results will be held on Wednesday, August 20, 2025, at 11:00 a.m. Eastern Time. The call will be accessible via phone and webcast, with dial-in numbers provided for both domestic and international participants. An investor presentation will be made available on the company's website concurrent with the earnings release.
Ellington Credit (NYSE: EARN) has announced its monthly common dividend declaration. The company will pay a dividend of $0.08 per share on September 30, 2025, to shareholders of record as of August 29, 2025.
The announcement includes extensive forward-looking statements addressing various risk factors that could affect future performance, including interest rate changes, market volatility, regulatory changes, and potential impacts of their conversion to a closed-end fund/RIC structure.
Ellington Credit (NYSE: EARN) has announced its monthly common dividend declaration. The company will pay a dividend of $0.08 per share on August 29, 2025, to shareholders of record as of July 31, 2025.
The announcement includes extensive forward-looking statements and risk factors, highlighting potential impacts from interest rates, market volatility, regulatory changes, and the company's conversion to a closed-end fund/RIC structure.
Ellington Credit Company (NYSE: EARN) reported financial results for Q1 2025, with a net loss of $7.9 million (-$0.23 per share) but Adjusted Distributable Earnings of $9.0 million ($0.26 per share). The company's book value stood at $6.08 per share as of March 31, 2025.
Key highlights include a significant expansion of their CLO portfolio to $249.9 million, up from $171.1 million in December 2024, with capital allocation to CLOs increasing to 81%. The company maintained a debt-to-equity ratio of 2.2:1 and held cash and cash equivalents of $17.4 million.
On April 1, 2025, EARN completed its conversion to a Delaware-domiciled closed-end fund focused on CLOs, registered under the Investment Company Act of 1940, and intends to operate as a Regulated Investment Company. The company declared a monthly dividend of $0.08 per share, representing a 17.1% dividend yield based on the May 19 closing price.
Ellington Credit Company (NYSE: EARN) has announced its schedule for releasing Q1 2025 financial results. The company will release its earnings report after market close on May 20, 2025, followed by a conference call on May 21, 2025 at 11:00 a.m. Eastern Time.
Investors can participate via phone by dialing (800) 225-9448 (US) or (203) 518-9708 (International) with conference code EARNQ125. The call will also be webcast live through the company's website. An investor presentation will be made available on the company's website after market close on May 20, and a replay of the call will be accessible until May 28, 2025.
Ellington Credit Company (NYSE: EARN) has announced a monthly dividend of $0.08 per share. The dividend will be payable on June 30, 2025 to shareholders of record as of May 30, 2025. The company's announcement includes extensive forward-looking statements addressing various risk factors that could affect their business, including interest rate changes, market volatility, regulatory changes, and their recent conversion to a closed-end fund/RIC structure.
Ellington Credit (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, scheduled for payment on May 27, 2025, to shareholders of record as of April 30, 2025.
The company has implemented a Dividend Reinvestment Plan (DRP) following its recent conversion to a closed-end fund registered under the Investment Company Act of 1940. The DRP automatically reinvests cash distributions unless shareholders or their brokers specifically opt to receive cash before the record date.
For detailed information about the DRP, shareholders can refer to the Fund's Current Report on Form 8-K or Registration Statement on Form N-2, both filed on April 1, 2025.
Ellington Credit Company (NYSE: EARN) has announced it will ring the closing bell at the New York Stock Exchange on April 2, 2025. The ceremony marks two significant milestones: the company's successful conversion to a closed-end fund focused on corporate collateralized loan obligation (CLO) investments and the 30-year anniversary of Ellington Management Group, EARN's investment adviser's parent company.