Company research
Ellington Credit Co
CIK 1560672Updated Sep 27, 2026
Name history
Ellington Residential Mortgage REIT · through Apr 12, 2024
EARN price & chart
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NYSE:EARN on TradingView ↗About the company
Ellington Credit Company (the “Fund”) is a non-diversified, closed-end management investment company that has registered as a closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund is advised by Ellington Credit Company Management LLC (the “Adviser”), pursuant to an advisory agreement dated as of April 1, 2025 (the “Investment Advisory Agreement”). The Investment Advisory Agreement was first approved by the Fund’s Board of Trustees (the “Board”) and then subsequently approved by shareholders at a special meeting of the Fund’s shareholders held on January 17, 2025 (the “Special Meeting”).
In the news
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Recent filings
497AD filing
Other Events
Items 8.01, 9.01
N-2 filing
NPORT-P filing
N-PX filing
Show 5 more recent filings
497AD filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Other Events
Items 8.01, 9.01
497AD filing
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 783,557,000Source | 824,092,000Source | 945,690,000Source | 1,053,632,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 17,375,000Source | 31,840,000Source | 38,533,000Source | 34,816,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 555,056,000Source | 630,366,000Source | 809,452,000Source | 941,223,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 1,000Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 376,000Source | 297,000Source | 186,000Source | 134,000Source |
| Additional Paid in CapitalUSD | 399,869,000Source | 348,587,000Source | 274,698,000Source | 240,940,000Source |
| Retained Earnings (Accumulated Deficit)USD | -171,744,000Source | -155,159,000Source | -138,646,000Source | -128,665,000Source |
| Stockholders' Equity Attributable to ParentUSD | 228,501,000Source | 193,726,000Source | 136,238,000Source | 112,409,000Source |
| Liabilities and EquityUSD | 783,557,000Source | 824,092,000Source | 945,690,000Source | 1,053,632,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 0Source | — | — |
| Additional Financial Items | ||||
| Dividends PayableUSD | 3,005,000Source | 2,372,000Source | 1,488,000Source | 1,070,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 442,000Source | 255,000Source | 312,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | 0Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | 9,112,000Source | -10,022,000Source | 22,417,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | 116,448,000Source | 85,723,000Source | 110,547,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 262,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | -132,253,000Source | -71,984,000Source | -167,176,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -6,693,000Source | 3,717,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 35,728,000Source | 47,141,000Source | 11,009,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 3,005,000Source | 2,372,000Source | 1,488,000Source | 1,070,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | -109,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | 863,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | 510,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | 6,586,000Source | 4,559,000Source | -30,198,000Source |
| Operating ExpensesUSD | — | 8,784,000Source | 5,535,000Source | 5,128,000Source |
| Payments to Acquire InvestmentsUSD | — | 1,359,455,000Source | 1,783,926,000Source | 2,357,903,000Source |
| Proceeds from Issuance of Common StockUSD | — | 74,062,000Source | — | — |
| Realized Investment Gains (Losses)USD | — | -18,068,000Source | -58,103,000Source | -73,682,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | -18,579,000Source | -18,932,000Source | 58,533,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | -364,000Source | 61,274,000Source | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 7,096,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 510,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 6,586,000Source | 4,559,000Source | -30,198,000Source | -6,309,000Source |
| Earnings Per Share, BasicUSD per share | 0.28Source | 0.31Source | -2.29Source | -0.5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 23,576,696Source | 14,875,314Source | 13,163,106Source | 12,683,761Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.96Source | 0.96Source | 1.04Source | 1.18Source |
| Current Income Tax Expense (Benefit)USD | 510,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -109,000Source | — | — | — |
| Interest ExpenseUSD | 34,794,000Source | 45,256,000Source | — | — |
| Interest Income (Expense), NetUSD | 15,069,000Source | -2,707,000Source | 20,186,000Source | 25,641,000Source |
| Interest Income, OperatingUSD | 49,863,000Source | 42,549,000Source | 35,006,000Source | 28,364,000Source |
| Management Fee ExpenseUSD | 2,539,000Source | 1,804,000Source | 1,758,000Source | 2,402,000Source |
| Operating ExpensesUSD | 8,784,000Source | 5,535,000Source | 5,128,000Source | 5,752,000Source |
| Other ExpensesUSD | 2,213,000Source | 1,482,000Source | 1,435,000Source | 1,314,000Source |
| Realized Investment Gains (Losses)USD | -18,068,000Source | -58,103,000Source | -73,682,000Source | 3,818,000Source |
Offerings
Registration 333-275162
- Gross proceeds
- 50000000.0
- Net proceeds
- 48437500.0
- Deal price
- 57500000.0
- Shares
- 1
- Offering amount
- $50,000,000
- Offering price
- $57,500,000,
- Ticker
- ELLA