Welcome to our dedicated page for Ellington Credit Closed End Fund SEC filings (Ticker: EARN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Ellington Credit Company SEC filings document a closed-end fund structure centered on investments in corporate CLO mezzanine debt and equity tranches. Its Form 8-K reports record monthly common dividend declarations, operating and financial results, Regulation FD materials, and capital-structure disclosures tied to unsecured notes and related material agreements.
Proxy filings describe shareholder voting matters, trustee elections, board governance, and auditor ratification. The filing record also includes forward-looking risk language and disclosure controls around the fund's results of operations, financial condition, liquidity, investment strategy, and shareholder distributions.
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.
Ellington Credit Company (EARN) is a non-diversified closed-end fund investing mainly in collateralized loan obligations, with a focus on mezzanine debt and equity tranches, aiming to provide attractive current yields and risk-adjusted total returns.
As of August 31, 2025, the Fund reported an estimated asset value per share of $6.07–$6.13, a market price of $5.71 at a 6.4% discount, a monthly distribution of $0.08 per share, and a stated distribution rate of 16.8%, with 37.6 million common shares outstanding. The CLO portfolio spanned 2,267 unique underlying loan issuers, with a floating-rate loan spread of 3.30%, a junior OC cushion of 4.58%, and 95.9% of loans characterized as senior secured, generally rated B+/B, with an average maturity of 4.2 years and average facility size of $1.6 billion. Currency exposure was 86% USD and 14% EUR.
The Fund emphasizes that its investment program is speculative and entails substantial risk, including possible loss of principal and potential use of offering proceeds or borrowings to fund distributions, which may represent a return of capital. It may invest primarily in below-investment-grade, high-yield “junk” securities and CLO equity and mezzanine debt, which involve heightened credit and structural risks. Shares may trade at a discount to net asset value, and there is no assurance that distribution levels or investment objectives will be achieved.
Gregory Morris Borenstein, an officer and portfolio manager of Ellington Credit Company (EARN), reported an insider purchase on 09/05/2025. The filing shows a purchase (code P) of 4,000 common shares at $5.62 per share, bringing his reported beneficial ownership to 22,000 shares. The Form 4 was signed by an attorney-in-fact on 09/09/2025. The document lists the reporting person’s address in Old Greenwich, CT, and identifies the transaction as a non-derivative acquisition of common shares.
Ellington Credit Company disclosed that its Board of Trustees has declared a monthly cash dividend of $0.08 per share on its common shares of beneficial interest. The dividend will be payable on October 31, 2025 to common shareholders of record as of September 30, 2025. The company furnished a related press release as an exhibit, providing additional details on the dividend announcement.
Ellington Credit Company furnished an 8-K current report to share information about its latest quarterly performance. On August 19, 2025, the company issued a press release announcing its financial results for the quarter ended June 30, 2025, and attached that release as Exhibit 99.1.
The company states that the information about results of operations and financial condition in Items 2.02 and 7.01, including Exhibit 99.1, is being furnished under Regulation FD and will not be treated as filed for liability purposes under the Exchange Act, unless specifically incorporated by reference in another filing.