Ellington Credit Co (EARN) Form 8-K — May 20, 2026
Ellington Credit Company reported a GAAP net loss of $32.3 million for the quarter ended March 31, 2026, driven by significant unrealized losses in its CLO equity portfolio amid market volatility and widening credit spreads. Despite the headline loss, the company generated $5.1 million in net investment income and maintained a NAV of $4.09 per share, while actively managing its balance sheet by issuing $54 million in senior unsecured notes to refinance short-term debt and fund new investments.
Key figures
- Revenue
- 12312000
- Total Debt
- 220274000
- Total Assets
- 386927000
- Cash Position
- 57726000
- Adjusted NII
- 7312000
- Nav Per Share
- 4.09
- New Debt Issuance
- 54000000
- C LOPortfolio Value
- 307938000
- Adjusted NIIPer Share
- 0.19
- Weighted Average Yield
- 12.5%
Price after filing
Close on the filing date to close N calendar days later (from $4.80). Historical, not a forecast.
AI analysis
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