Ellington Residential Mortgage REIT Stock News

In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on July 31, 2025 to shareholders of record as of June 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning...

Ellington Credit Company is a high-risk credit option, but can serve its purpose for yield enhancement in a diversified portfolio. Its build-out with CLOs, and particularly equity CLOs introduces risk at this stage of the credit cycle, but could act as a yield kicker in the longer term. EARN is recycling on RMBS, where its recent unrealized losses could be offset by entering into newer high-cou...

Ellington Credit's transition to a CEF was well-timed, preserving book value and enabling opportunistic CLO acquisitions at attractive prices. The fund's low leverage, risk-adjusted yield focus, and shareholder-friendly fee structure support its tactical appeal despite sector headwinds. Recent gains and tighter credit spreads make EARN less attractive fundamentally, but its wide discount offers...

Ellington Credit Company (NYSE:EARN ) Q1 2025 Earnings Conference Call May 21, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Greg Borenstein - Portfolio Manager Mark Tecotzky - EVP Chris Smernoff - CFO Conference Call Participants Eric Hagen - BTIG Crispin Love - Piper Sandler Operator Good morning, ladies and gentlemen. And thank you for...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephon...

The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns durin...