Ellington Credit Company

Ellington Credit Company has announced a public, syndicated offering of unsecured bonds maturing in 2031; the issue price, coupon and terms will be negotiated with the syndicate banks. Egan-Jones has rated the bonds BBB, and the syndicate banks have a 30-day over-allotment option. The securities are expected to be listed on the NYSE under the ticker ELLA; net proceeds will be used for general corporate purposes, in particular to acquire additional assets and to repay short-term reverse-repo liabilities. Piper Sandler is leading the banking syndicate as bookrunner; the SEC has declared the related registration statement effective. » Mere på de.investing.com

Ellington Financial has announced a public offering of 8,775,000 common shares; the stock fell 2.1% in after-hours trading. Net proceeds are to be used to repurchase all outstanding Series A preferred stock, and the underwriting banks are being granted a 30-day option to purchase up to 1,316,250 additional shares. Morgan Stanley and Goldman Sachs are acting as joint bookrunners; remaining proceeds are intended for general corporate purposes. The shares are being offered under an already effective shelf registration. » Mere på de.investing.com

Ellington Residential reported a GAAP net income of $4.3 million for Q3 2025 and a NAV of $225.1 million ($5.99 per share). The CLO portfolio grew 20% during the quarter to $379.6 million and delivered a weighted average GAAP yield of 15.5%. Recurring cash distributions amounted to $16.2 million; the monthly dividend remains $0.08 per common share (18.6% yield on the closing price as of Nov. 18). The company highlights further growth potential in the CLO market, plans to issue long-term unsecured notes, and warns of potential risks from interest rate and market uncertainty. » Mere på de.investing.com

Ellington Residential Mortgage reported Q2 2025 earnings of USD 0.27 per share, topping the USD 0.24 forecast, while revenue of USD 11.67 million missed expectations. The company plans to expand its CLO portfolio, announced a monthly distribution beginning in September, and recorded a higher net asset value of USD 6.12 per share. The stock reacted positively in pre-market trading, rising 3.39%. » Mere på de.investing.com

Ellington Residential Mortgage reports Q2 2025 CLO-portfolio growth of 27% to $316.9 million, a strategic reallocation from equity to debt tranches, and GAAP net income of $10.2 million ($0.27 per share). The company maintained its monthly distribution of $0.08, substantially increased credit hedges, and recorded an annualized NAV return of 19.7%. Management highlights diversification across 2,205 borrowers, strong liquidity and a more conservative positioning in the CLO market. » Mere på de.investing.com