EARN - Ellington Credit Co

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Sept 1, 2026

   The fund said it may sell new shares.

   Original document →

2. June 11, 2026

   The fund said it may sell new shares.

   Original document →

3. June 1, 2026

   The fund said it may sell new shares.

   Original document →

4. April 16, 2026

   The fund said it may sell new shares.

   Original document →

5. March 31, 2026

   The fund said it will repay some borrowed money.

   Original document →

About this fund

• Run by Ellington Credit Company Management LLC. As of March 31, 2026, from the fund's yearly report. Original document →
• Size: about $160 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 58% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.5% a year in management fees; 11.5% a year in total, including interest on borrowed money. Fiscal year ended March 31, 2026. As of March 31, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended March 31, 2026) the fund paid $0.96 a share, all of it your own money back, not income. As of March 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (March 31, 2026): $4.09. The shares traded at $4.43, about 8.3% above that. As of March 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 25.8% below to 39.4% above. As of March 31, 2026, from the fund's annual report. Original document →
• How the holdings did: up 5.3% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: -6.4%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended March 31, 2026): the value of the holdings returned -18.9%. How the share price did: the shares returned -1.3% over the same year, counting payouts and the change in the market price. As of March 31, 2026, from the fund's annual report. Original document →
• Shares outstanding: 37.6 million. As of March 31, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2012.

What the fund holds

Mostly asset-backed bonds (89%), the rest cash and short-term holdings. About 10% issued in the U.S.

1. Bridge Street CLO V - 8.1%
2. Empower CLO 2022-1 - 4.5%
3. Apidos CLO XXXIV - 4%
4. Bain Capital Credit CLO, Limited, Bain Capital Credit CLO 2017-2 Ltd - 3.8%
5. Voya CLO 2024-5 - 3.6%
6. Voya CLO, Voya 2024-3 LTD - 3.6%
7. Oaktree CLO 2020-1 - 3.6%
8. First Eagle BSL CLO 2019-1 - 3.5%
9. Park Blue CLO 2025-VIII - 3.4%
10. Ares CLO, Ares XXXIX CLO Ltd - 3.4%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →