Ellington Credit Declares Monthly Common Dividend
Ellington Credit (NYSE: EARN) has announced its Board of Trustees' declaration of a monthly common dividend of $0.08 per share. The dividend will be payable on March 25, 2025, to shareholders of record as of February 28, 2025.
The company's forward-looking statements highlight various risk factors that could affect future performance, including interest rate changes, market volatility, default rates on corporate loans, borrowing capacity, regulatory changes, and their ability to maintain Investment Company Act exclusion. Additional considerations include their potential pivot to focus on collateralized loan obligations (CLOs), utilization of net operating loss carryforwards, and possible conversion to a closed-end fund/RIC.
Ellington Credit (NYSE: EARN) ha annunciato la dichiarazione del suo Consiglio di Amministrazione riguardo a un dividendo mensile ordinario di $0,08 per azione. Il dividendo sarà pagabile il 25 marzo 2025, ai soci registrati al 28 febbraio 2025.
Le dichiarazioni prospettiche della società evidenziano vari fattori di rischio che potrebbero influenzare le prestazioni future, inclusi i cambiamenti nei tassi di interesse, la volatilità del mercato, i tassi di default sui prestiti aziendali, la capacità di indebitamento, le modifiche normative e la loro capacità di mantenere l'esclusione ai sensi della Investment Company Act. Ulteriori considerazioni includono il potenziale spostamento verso un focus su obbligazioni garantite da prestiti (CLO), l'utilizzo delle perdite operative nette carryforward e la possibile conversione in un fondo chiuso/RIC.
Ellington Credit (NYSE: EARN) ha anunciado la declaración de su Junta de Fideicomisarios sobre un dividendo mensual común de $0,08 por acción. El dividendo se pagará el 25 de marzo de 2025, a los accionistas registrados a partir del 28 de febrero de 2025.
Las declaraciones prospectivas de la compañía destacan diversos factores de riesgo que podrían afectar el rendimiento futuro, incluyendo cambios en las tasas de interés, volatilidad del mercado, tasas de incumplimiento de préstamos corporativos, capacidad de endeudamiento, cambios regulatorios y su capacidad para mantener la exclusión del Investment Company Act. Consideraciones adicionales incluyen su posible cambio de enfoque hacia obligaciones de préstamo garantizadas (CLO), la utilización de pérdidas operativas netas acumuladas y la posible conversión a un fondo cerrado/RIC.
Ellington Credit (NYSE: EARN)은 이사회에서 월간 보통 배당금을 주당 $0.08로 선언했다고 발표했습니다. 배당금은 2025년 3월 25일에 지급되며, 2025년 2월 28일 기준의 주주에게 지급될 것입니다.
회사의 전망 진술에는 이자율 변화, 시장 변동성, 기업 대출의 채무불이행 비율, 차입 능력, 규제 변화 및 투자회사법에 따른 면제 유지 능력 등 향후 성과에 영향을 미칠 수 있는 다양한 위험 요소가 강조되어 있습니다. 추가 고려 사항으로는 담보 대출 의무(CLO)에 대한 초점 전환 가능성, 순 운영 손실 이월 사용 및 폐쇄형 펀드/RIC로의 전환 가능성이 포함됩니다.
Ellington Credit (NYSE: EARN) a annoncé la déclaration de son Conseil d'Administration concernant un dividende mensuel ordinaire de 0,08 $ par action. Le dividende sera payable le 25 mars 2025 aux actionnaires enregistrés au 28 février 2025.
Les déclarations prospectives de l'entreprise soulignent divers facteurs de risque susceptibles d'affecter les performances futures, notamment les variations des taux d'intérêt, la volatilité du marché, les taux de défaut sur les prêts aux entreprises, la capacité d'emprunt, les changements réglementaires et leur capacité à maintenir l'exclusion prévue par le Investment Company Act. D'autres considérations incluent leur potentiel pivot vers les obligations de prêt garanties (CLO), l'utilisation des pertes d'exploitation reportées et la possible conversion en fonds fermé/RIC.
Ellington Credit (NYSE: EARN) hat die Erklärung seines Vorstands über eine monatliche ordentliche Dividende von 0,08 $ pro Aktie bekanntgegeben. Die Dividende wird am 25. März 2025 an die Aktionäre ausgezahlt, die am 28. Februar 2025 im Aktienregister stehen.
Die zukunftsgerichteten Aussagen des Unternehmens heben verschiedene Risikofaktoren hervor, die die zukünftige Leistung beeinflussen könnten, einschließlich Änderungen der Zinssätze, Marktvolatilität, Ausfallraten bei Unternehmensdarlehen, Kreditfähigkeit, regulatorische Änderungen und ihre Fähigkeit, die Ausnahme des Investment Company Act aufrechtzuerhalten. Weitere Überlegungen umfassen ihre mögliche Neuausrichtung auf besicherte Kreditverpflichtungen (CLO), die Nutzung von netzwerkbedingten Verlustvorträgen und die mögliche Umwandlung in einen geschlossenen Fonds/RIC.
- Consistent monthly dividend payment of $0.08 per share maintained
- Potential risks from interest rate changes and market volatility
- Exposure to default rates on corporate loans
- Uncertainty surrounding planned strategic pivot to CLO investments
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to numerous risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from those stated or implied by our forward-looking statements: changes in interest rates and the market value of our investments, market volatility, changes in the default rates on corporate loans, our ability to borrow to finance our assets, changes in government regulations affecting our business, our ability to maintain our exclusion from registration under the Investment Company Act of 1940, our ability to pivot our investment strategy to focus on collateralized loan obligations ("CLOs"), a deterioration in the CLO market, our ability to utilize our net operating loss carryforwards, our ability to convert to a closed end fund/RIC, and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, as stated above, forward-looking statements are subject to numerous risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K, which can be accessed through the link to our SEC filings under "For Investors" on our website (at www.ellingtoncredit.com) or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.
About Ellington Credit Company
Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT, was initially formed as a real estate investment trust ("REIT") that invested primarily in residential mortgage-backed securities ("MBS"). On March 29, 2024, the Company’s Board of Trustees approved a strategic transformation of its investment strategy to focus on corporate CLOs, with an emphasis on mezzanine debt and equity tranches. In connection with this transformation, the Company revoked its election to be taxed as a REIT effective January 1, 2024, and rebranded to Ellington Credit Company. At a special meeting on January 17, 2025, shareholders approved the Company's conversion to a
Ellington Credit Company is externally managed and advised by Ellington Credit Company Management LLC, an affiliate of Ellington Management Group, L.L.C.
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Investors:
Ellington Credit Company
Investor Relations
(203) 409-3773
info@ellingtoncredit.com
or
Media:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
for Ellington Credit Company
(212) 257-4170
Ellington@gasthalter.com
Source: Ellington Credit Company
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