Ellington Credit Co (EARN) Form 8-K — Oct 27, 2026
Ellington Credit Company (NYSE: EARN) entered into an equity distribution agreement on October 23, 2026, allowing it to sell up to $125 million of common shares through an at-the-market offering via four agents: Citizens JMP Securities, B. Riley Securities, Lucid Capital Markets, and Armstrong Securities. The Fund has no obligation to sell any shares, and agents receive commissions of up to 2.0% of gross sales. Proceeds are earmarked for general corporate purposes, including acquiring investments consistent with the Fund's objectives.
Key figures
- Gross Proceeds
- 125000000
- Offering type
- at-the-market (ATM)
- Agent commission max
- up to 2.0% of gross sales price
- Registration file numbers
- ["333-298702","811-24071"]
AI analysis
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