Financing ·
Ellington Credit Co establishes $125M at-the-market equity distribution agreement
EARNEllington Credit Co
On October 23, 2026, Ellington Credit Company entered into an Equity Distribution Agreement with several agents, including Citizens JMP Securities and B. Riley Securities. This agreement permits the company to issue and sell up to $125 million in aggregate offering price of its common shares from time to time through at-the-market offerings. The company has no obligation to sell any shares under this arrangement. Net proceeds will be used for general corporate purposes, including acquiring investments consistent with its strategy. Agents may receive commissions of up to 2.0% of gross sales prices. Ellington Credit Company operates as a non-diversified closed-end management investment company focused on credit strategies.