Know the company
Company overview
Ellington Credit Company is a closed-end investment fund that invests mainly in collateralized loan obligations (CLOs), which pool loans to businesses. It owns debt tranches and equity tranches. Debt tranches receive contractual interest subject to the structure, while equity receives cash remaining after more senior claims and expenses. Ellington Credit converted from a mortgage REIT on April 1, 2025; the current fund should be assessed using its post-conversion reporting.
- Business
- Closed-end credit investment fund
- Listing
- EARN · XNYS
- Reporting period
- 2026-06-30
- Fiscal year-end
- March 31
- Payments
- Monthly distributions
- Main investments
- CLO mezzanine debt and equity
- Reporting change
- Converted from a mortgage REIT on April 1, 2025
How the business works
The fund earns investment income from its CLO holdings and other investments, then pays borrowing costs, management and performance fees, and operating expenses. CLO equity cash distributions can differ from recognized earnings because they depend on collections, reinvestment, the structure of each CLO and estimated future cash flows. Compare the dividend with net investment income and the explicitly identified adjusted measure, while checking NAV and credit performance separately.
Ellington Credit June 30, 2026 quarterly results: August 12, 2026