Ellington Credit Co

# Ellington Credit Company

Ellington Credit Company is a closed-end management investment company that invests primarily in collateralized loan obligations (CLOs), with a focus on mezzanine debt and equity tranches. The company generates returns through investment income and capital appreciation in the structured credit markets. Previously known as Ellington Residential Mortgage REIT, the company pivoted its investment strategy and adopted its current name in April 2024, reflecting a shift away from residential mortgage-backed securities toward broader CLO exposure.

As a closed-end fund, the company raises capital through public offerings and maintains a fixed share count, distributing investment returns to shareholders primarily through regular dividends. Revenue is derived from interest income on CLO investments, realized gains on security sales, and other investment-related earnings. The company's portfolio focuses on mezzanine and equity tranches of CLOs, which carry higher credit risk but offer enhanced yield potential compared to senior CLO positions.

Incorporated in Delaware in 2012 and headquartered in Old Greenwich, Connecticut, Ellington Credit Company operates with external investment management provided by an affiliate of Ellington Management Group. The company maintains a relatively small scale typical of closed-end credit funds, with a market capitalization of approximately $0.2 billion.