Ellington Credit Declares Monthly Common Dividend
Ellington Credit (NYSE: EARN) has announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share. The dividend will be payable on April 25, 2025 to shareholders of record as of March 31, 2025.
The company outlined several potential 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. Additionally, they highlighted specific business focuses including their strategy regarding collateralized loan obligations (CLOs) and potential conversion to a closed-end fund/RIC.
Ellington Credit (NYSE: EARN) ha annunciato che il suo Consiglio di Amministrazione ha dichiarato un dividendo mensile ordinario di $0,08 per azione. Il dividendo sarà pagabile il 25 aprile 2025 agli azionisti registrati al 31 marzo 2025.
L'azienda ha delineato diversi potenziali fattori di rischio che potrebbero influenzare le performance future, tra cui: variazioni dei tassi di interesse, volatilità del mercato, tassi di insolvenza sui prestiti aziendali, capacità di indebitamento, cambiamenti normativi e la loro capacità di mantenere l'esclusione secondo la legge sulle società di investimento. Inoltre, hanno evidenziato specifici focus aziendali, tra cui la loro strategia riguardante le obbligazioni garantite da prestiti (CLO) e la potenziale conversione in un fondo chiuso/RIC.
Ellington Credit (NYSE: EARN) ha anunciado que su Junta de Fideicomisarios ha declarado un dividendo común mensual de $0.08 por acción. El dividendo se pagará el 25 de abril de 2025 a los accionistas registrados al 31 de marzo de 2025.
La empresa delineó varios factores de riesgo potenciales que podrían afectar su rendimiento futuro, incluidos: cambios en las tasas de interés, volatilidad del mercado, tasas de incumplimiento en préstamos corporativos, capacidad de endeudamiento, cambios regulatorios y su capacidad para mantener la exclusión según la Ley de Compañías de Inversión. Además, destacaron enfoques comerciales específicos, incluida su estrategia respecto a las obligaciones de préstamo garantizadas (CLO) y la posible conversión a un fondo cerrado/RIC.
Ellington Credit (NYSE: EARN)는 이사회의 결의로 월간 보통 배당금 주당 $0.08을 선언했다고 발표했습니다. 배당금은 2025년 4월 25일에 2025년 3월 31일 기준 주주에게 지급될 예정입니다.
회사는 향후 성과에 영향을 미칠 수 있는 여러 잠재적 위험 요소를 설명했으며, 여기에는 이자율 변화, 시장 변동성, 기업 대출의 채무 불이행률, 차입 능력, 규제 변화 및 투자 회사법 면제를 유지할 수 있는 능력이 포함됩니다. 또한, 담보 대출 의무(CLO)에 대한 전략과 폐쇄형 펀드/RIC로의 전환 가능성을 포함한 특정 비즈니스 초점을 강조했습니다.
Ellington Credit (NYSE: EARN) a annoncé que son Conseil d'Administration a déclaré un dividende mensuel ordinaire de 0,08 $ par action. Le dividende sera payable le 25 avril 2025 aux actionnaires enregistrés au 31 mars 2025.
L'entreprise a décrit plusieurs facteurs de risque potentiels qui pourraient 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 selon la loi sur les sociétés d'investissement. De plus, ils ont souligné des axes commerciaux spécifiques, y compris leur stratégie concernant les obligations de prêt garanties (CLO) et la conversion potentielle en fonds fermé/RIC.
Ellington Credit (NYSE: EARN) hat bekannt gegeben, dass der Vorstand eine monatliche Dividende von 0,08 $ pro Aktie beschlossen hat. Die Dividende wird am 25. April 2025 an die Aktionäre ausgezahlt, die am 31. März 2025 im Aktienregister stehen.
Das Unternehmen hat mehrere potenzielle Risikofaktoren umrissen, die die zukünftige Leistung beeinträchtigen könnten, darunter: Änderungen der Zinssätze, Marktvolatilität, Ausfallraten bei Unternehmensdarlehen, Kreditaufnahmefähigkeit, regulatorische Änderungen und die Fähigkeit, die Ausnahme gemäß dem Investment Company Act aufrechtzuerhalten. Darüber hinaus wurden spezifische Geschäftsfokusse hervorgehoben, einschließlich ihrer Strategie bezüglich besicherter Darlehensverpflichtungen (CLO) und der potenziellen Umwandlung in einen geschlossenen Fonds/RIC.
- Monthly dividend maintained at $0.08 per share
- Multiple risk factors could affect dividend sustainability
- Potential business model changes create uncertainty
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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