Ellington Credit Company

Ellington Credit Company is a publicly traded, non-diversified closed-end management investment company headquartered in Old Greenwich, Connecticut. Incorporated in 2012, the company's primary objective is to generate attractive current yields and risk-adjusted total returns for its shareholders. It operates under the external management and advisement of Ellington Credit Company Management LLC, an affiliate of Ellington Management Group, L.L.C.

The company specializes in acquiring, investing in, and managing secondary collateralized loan obligations (CLOs), with a principal focus on mezzanine debt and equity tranches within the CLO capital structure. Ellington Credit Company employs a trading-oriented approach to capitalize on market pricing inefficiencies, rather than a traditional buy-and-hold strategy. It leverages Ellington Management Group's proprietary technology, analytics, and risk management systems, including disciplined liquidity management and selective credit hedges, to enhance investment selection and preserve book value.

Laurence E. Penn serves as the Chief Executive Officer and President. In April 2024, the company rebranded from Ellington Residential Mortgage REIT to Ellington Credit Company as part of a strategic transformation to concentrate on corporate CLOs, moving away from its previous focus on residential mortgage-backed securities. The company regularly declares monthly common dividends and recently closed an offering of $54.0 million in 8.50% notes due 2031, which trade under the ticker NYSE:ELLA.