Ellington Credit Declares Monthly Common Dividend
Ellington Credit Company (NYSE: EARN) has announced a monthly common dividend of $0.08 per share. The dividend is payable on September 25, 2024 to shareholders of record as of August 30, 2024. This declaration by the Company's Board of Trustees demonstrates a commitment to providing regular returns to shareholders. The announcement is significant for investors looking for consistent income from their investments in the financial services sector.
Ellington Credit Company (NYSE: EARN) ha annunciato un dividendo comune mensile di $0,08 per azione. Il dividendo è pagabile il 25 settembre 2024 agli azionisti registrati al 30 agosto 2024. Questa dichiarazione da parte del Consiglio di Amministrazione della Società dimostra un impegno a fornire ritorni regolari agli azionisti. L'annuncio è significativo per gli investitori in cerca di un reddito costante dai loro investimenti nel settore dei servizi finanziari.
Ellington Credit Company (NYSE: EARN) ha anunciado un dividendo común mensual de $0.08 por acción. El dividendo es pagadero el 25 de septiembre de 2024 a los accionistas registrados hasta el 30 de agosto de 2024. Esta declaración por parte de la Junta de Fideicomisarios de la Compañía demuestra un compromiso con proporcionar retornos regulares a los accionistas. El anuncio es significativo para los inversores que buscan ingresos consistentes de sus inversiones en el sector de servicios financieros.
Ellington Credit Company (NYSE: EARN)는 주당 0.08달러의 월 배당금을 발표했습니다. 이 배당금은 2024년 9월 25일에 2024년 8월 30일 기준 주주에게 지급됩니다. 회사의 이사회의 이 선언은 주주에게 정기적인 수익을 제공하겠다는 약속을 보여줍니다. 이 발표는 금융 서비스 분야의 투자에서 일관된 수익을 찾는 투자자에게 중요합니다.
Ellington Credit Company (NYSE: EARN) a annoncé un dividende commun mensuel de 0,08 $ par action. Le dividende sera payable le 25 septembre 2024 aux actionnaires enregistrés au 30 août 2024. Cette déclaration du Conseil d'Administration de la Société démontre un engagement à fournir des retours réguliers aux actionnaires. L'annonce est significative pour les investisseurs à la recherche de revenus constants provenant de leurs investissements dans le secteur des services financiers.
Die Ellington Credit Company (NYSE: EARN) hat eine monatliche Dividende von 0,08 $ pro Aktie bekannt gegeben. Die Dividende ist am 25. September 2024 zahlbar an die zum 30. August 2024 registrierten Aktionäre. Diese Erklärung des Vorstands der Gesellschaft zeigt das Engagement, den Aktionären regelmäßige Erträge zu bieten. Die Ankündigung ist bedeutend für Anleger, die ein konstantes Einkommen aus ihren Investitionen im Finanzdienstleistungssektor suchen.
- Regular monthly dividend payment indicates stable cash flow
- Consistent dividend policy suggests company confidence in financial stability
- None.
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 the Company's investments, market volatility, changes in the default rates on corporate loans, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its 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, including our ability to obtain shareholder approval of our conversion 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 the Company's Annual Report on Form 10-K, which can be accessed through the link to the Company's SEC filings under "For Investors" on the Company's 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 the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K. The Company undertakes 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. Later in 2024, the Company intends, subject to shareholder approval of certain matters, to convert to a closed-end fund and complete its transition from an MBS-focused company to a CLO-focused company.
Ellington Credit Company is externally managed and advised by Ellington Credit Company Management LLC, an affiliate of Ellington Management Group, L.L.C.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240807673597/en/
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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