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Ellington Credit Company (NYSE: EARN) declares $0.08 monthly common distribution

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ellington Credit Company reported that its Board of Trustees has declared a monthly common distribution of $0.08 per share. The distribution is payable on September 30, 2026 to common shareholders of record as of August 31, 2026. The company furnished a press release detailing this distribution as an exhibit. Ellington Credit Company is described as a non-diversified closed-end fund that seeks attractive current yields and risk-adjusted total returns by investing primarily in corporate collateralized loan obligations, focusing on mezzanine debt and equity tranches, and is externally managed by an affiliate of Ellington Management Group.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Monthly common distribution $0.08 per share Declared by the Board of Trustees for common shareholders
Record date August 31, 2026 Shareholders of record on this date receive the $0.08 distribution
Payment date September 30, 2026 Scheduled payment date for the $0.08 per share distribution
Coupon on notes 8.50% Interest rate on Ellington Credit Company 8.50% Notes due 2031
closed-end fund financial
"Ellington Credit Company (the "Fund") is a non-diversified closed-end fund"
A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.
collateralized loan obligations financial
"by investing primarily in corporate collateralized loan obligations ("CLOs")"
A collateralized loan obligation is a financial product that pools many corporate loans and repackages them into slices sold to investors, with some slices offering steady, lower returns and others offering higher returns but more risk. Like splitting a pizza into pieces for different tastes, CLOs let investors pick their preferred risk level and help banks fund lending, so changes in CLO performance influence credit availability and can move markets.
mezzanine debt financial
"with a focus on mezzanine debt and equity tranches"
Mezzanine debt is a hybrid loan that sits between a company’s senior bank debt and equity ownership: it pays higher interest than regular loans because it takes on more risk, and often includes an option to convert into shares or warrants. Investors care because it offers higher potential returns than plain debt while carrying greater chance of loss or equity dilution if the company struggles, making it a middle-ground choice for yield and upside.
risk-adjusted total returns financial
"seeks to provide attractive current yields and risk-adjusted total returns"
forward-looking statements regulatory
"This release contains forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What monthly distribution did Ellington Credit Company (EARN) declare?
Ellington Credit Company declared a monthly common distribution of $0.08 per share. The Board of Trustees approved this regular distribution as part of the fund’s capital return to common shareholders.

When is the record date for Ellington Credit Company (EARN)’s $0.08 distribution?
The record date for Ellington Credit Company’s $0.08 per share monthly distribution is August 31, 2026. Shareholders recorded on that date will be entitled to receive the stated cash distribution.

When will Ellington Credit Company (EARN) pay its declared $0.08 distribution?
The declared monthly common distribution of $0.08 per share will be paid on September 30, 2026. Shareholders of record as of August 31, 2026 will receive the payment on that date.

What type of fund is Ellington Credit Company (EARN)?
Ellington Credit Company is a non-diversified closed-end fund. It seeks attractive current yields and risk-adjusted total returns, primarily by investing in corporate collateralized loan obligations with a focus on mezzanine debt and equity tranches.

What assets does Ellington Credit Company (EARN) primarily invest in?
Ellington Credit Company primarily invests in corporate collateralized loan obligations (CLOs). The fund focuses on mezzanine debt and equity tranches as part of its strategy to generate yield and risk-adjusted total returns.

Who manages Ellington Credit Company (EARN)?
Ellington Credit Company is externally managed and advised by an affiliate of Ellington Management Group, L.L.C. This manager is described as a leading fixed-income investment firm with extensive portfolio management and risk management expertise.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 10, 2026

Ellington Credit Company
(Exact name of registrant specified in its charter)
Delaware811-2407146-0687599
(State or Other Jurisdiction Of Incorporation)(Commission File Number)(IRS Employer Identification No.)
53 Forest Avenue
Old Greenwich, CT 06870
(Address of principal executive offices, zip code)

Registrant's telephone number, including area code: (203) 698-1200

Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Shares of Beneficial Interest, no par value
EARN
The New York Stock Exchange
 8.50% Notes due 2031ELLA
The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐


Item 8.01    Other Events.
On August 10, 2026, Ellington Credit Company issued a press release announcing that its Board of Trustees declared a monthly common distribution of $0.08 per share, payable on September 30, 2026 to common shareholders of record as of August 31, 2026.
A copy of the press release is filed herewith as Exhibit 99.1 to this current report on Form 8-K and the information related to the distribution is incorporated herein by reference.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being furnished herewith this Current Report on Form 8-K.
99.1    Press Release dated August 10, 2026
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ELLINGTON CREDIT COMPANY
Dated:August 10, 2026By:/s/ Christopher Smernoff
Christopher Smernoff
Chief Financial Officer


Exhibit 99.1
Ellington Credit Declares Monthly Common Distribution
OLD GREENWICH, Conn., August 10, 2026—Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common distribution of $0.08 per share, payable on September 30, 2026 to common shareholders of record as of August 31, 2026.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to numerous risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from those stated or implied by our forward-looking statements: changes in interest rates and the market value of our investments, market volatility, changes in the default rates on corporate loans, our ability to borrow to finance our assets, changes in government regulations affecting our business, a deterioration in the market for collateralized loan obligations, our ability to adapt to the new regulatory regime associated with our conversion to a closed-end fund/RIC, potential business disruption related to our conversion to a closed-end fund/RIC, ability to achieve the anticipated benefits of our conversion to a closed-end fund/RIC, and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, increased tariffs, slower growth or recession, and currency fluctuations. Furthermore, as stated above, forward-looking statements are subject to numerous risks and uncertainties, including, among other things, those described under the heading “Risk Factors” in our Registration Statement on Form N-2, which can be accessed through the link to our SEC filings under "For Investors" on our website (at www.ellingtoncredit.com) or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports we file with the SEC, and is not possible for us to predict or identify them all. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.
About Ellington Credit Company
Ellington Credit Company (the "Fund") is a non-diversified closed-end fund that seeks to provide attractive current yields and risk-adjusted total returns by investing primarily in corporate collateralized loan obligations ("CLOs"), with a focus on mezzanine debt and equity tranches. The Fund is externally managed and advised by an affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994. The Fund benefits from Ellington’s extensive experience and deep expertise in portfolio management, credit analysis, and risk management.
For additional information, visit www.ellingtoncredit.com.


Source: View Original Filing on SEC EDGAR

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