Detail akcie ELLINGTON CREDIT COMPANY online

Business Summary: Ellington Credit Company, formerly Ellington Residential Mortgage REIT, is a closed-end fund. The Company is focused on acquiring, investing in, and managing secondary collateralized loan obligations (CLO) mezzanine debt and equity tranches. The Company’s primary objective is to generate attractive risk-adjusted total returns for its shareholders by making investments in multiple parts of the CLO capital structure, including mezzanine debt and equity tranches. The Company select investments for their ability to provide a total return to drive a sustainable earnings stream and book value growth over a long-term horizon, rather than focusing just on current yield. The Company also takes a trading-oriented approach, which seeks to take advantage of pricing inefficiencies in the CLO market, as opposed to simply buy-and-hold. It is externally managed and advised by Ellington Credit Company Management LLC.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Ellington Credit Co revenues increased 17% to $49.9M. Net income increased 44% to $6.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from real Estate Securities decrease of 69% to $18.1M (expense), Financial Derivative increase of 35% to $38.5M (income), Financial Derivatives decrease of 2% to $18.6M (expense).