Earnings ·
Ellington Credit Company reported financial results for the quarter ended June 30, 2026, announcing a net asset value…
EARNEllington Credit Co
Ellington Credit Company reported financial results for the quarter ended June 30, 2026, announcing a net asset value per share of $4.18 and GAAP net income of $12.3 million, or $0.33 per share. Net investment income was $6.1 million ($0.16 per share), while adjusted net investment income reached $5.7 million ($0.15 per share). The company's CLO portfolio totaled $334.1 million in fair value, with a weighted average GAAP yield of 11.9%. Ellington raised $2.6 million through the issuance of 579,416 common shares at a 5% premium to NAV and received $17.6 million in recurring cash distributions from its CLO investments. The company operates as a non-diversified closed-end fund investing primarily in corporate collateralized loan obligations.