Ellington Residential Mortgage REIT SEC Filings

Ellington Credit Company reported a routine insider tax withholding transaction involving its Chief Financial Officer. On December 31, 2025, the company withheld 2,468 common shares of beneficial interest from CFO Christopher Smernoff to cover tax liabilities arising from the vesting of previously granted equity under the company’s now-dissolved 2023 Equity Incentive Plan.

The withheld shares are reported at a price of $5.17 per share. After this tax-related withholding, Mr. Smernoff beneficially owns 24,746 common shares directly. The filing reflects an administrative equity compensation event rather than an open-market purchase or sale.

Ellington Credit Company insider JR Herlihy, the Chief Operating Officer, reported a routine equity-related transaction involving company common shares. On December 31, 2025, the issuer withheld 5,235 common shares of beneficial interest at a price of $5.17 per share to cover Mr. Herlihy’s tax liability tied to the vesting of previously granted equity awards. These awards were granted under the company’s now-dissolved 2023 Equity Incentive Plan. After this tax withholding transaction, Mr. Herlihy directly beneficially owned 51,859 common shares of Ellington Credit Company.

Ellington Credit Company announced that its Board of Trustees has declared a monthly cash dividend of $0.08 per common share. The dividend will be paid on January 30, 2026 to shareholders who are on record as of December 31, 2025. This provides investors with ongoing monthly income based on their current shareholdings as of the stated record date.

Ellington Credit Company, a non-diversified closed-end fund focused on mezzanine debt and equity tranches of corporate CLOs, has filed a Form N-2 to publicly offer new senior unsecured notes. The notes are expected to pay quarterly interest, mature in 2025 on a specified date, and be issued in $25 denominations, with a planned listing on the NYSE where they are expected to trade "flat."

The notes will rank equally with the fund’s other unsecured unsubordinated debt and general liabilities, but will be effectively subordinated to secured debt and structurally subordinated to liabilities of subsidiaries. Proceeds are expected to be used for general corporate purposes, including purchasing additional CLO and credit assets and repaying short-term borrowings. The filing highlights significant risks tied to leverage, the speculative nature of mezzanine and equity CLO tranches, and the possibility that an active trading market for the notes may not develop.

Ellington Credit Company filed a Form 8-K to announce that it has released its financial results for the quarter ended September 30, 2025. On November 19, 2025, the company issued a press release detailing its operating results and financial condition for that quarter, which is furnished as Exhibit 99.1 and incorporated by reference into this report for Regulation FD and Item 2.02 disclosure purposes.

Ellington Credit Company announced a monthly cash dividend of $0.08 per share. The dividend is payable on December 31, 2025 to common shareholders of record as of November 28, 2025. The company disclosed the dividend in connection with a press release furnished as an exhibit.

This update confirms the Board of Trustees’ ongoing monthly distribution and provides key dates for eligibility and payment. Shareholders on the record date will receive the stated cash amount per common share on the scheduled payment date.

Gregory Borenstein, an officer and Portfolio Manager at Ellington Credit Co (EARN), reported a purchase of 3,000 common shares on 10/01/2025 at a price of $5.29 per share. After the transaction he beneficially owns 25,000 shares. The Form 4 was signed by an attorney-in-fact on 10/02/2025. No derivative transactions were reported.