Ellington Credit Co

Ellington Credit Company is an externally managed, closed-end management investment company registered under the Investment Company Act of 1940. The company primarily invests in mezzanine debt and equity tranches of corporate collateralized loan obligations (CLOs), which are backed by portfolios of non-investment grade, first-lien, senior secured corporate bank loans. In addition to CLO debt and equity tranches, its assets include loan accumulation facilities, collateralized bond obligations, and related corporate debt and equity instruments. It serves individual and institutional shareholders by seeking to generate attractive current yields and risk-adjusted total returns while utilizing hedging strategies to manage credit, interest rate, and currency risks.

The company operates in the structured credit markets across the United States and Europe. It holds its assets and conducts operations through its operating partnership subsidiary, Ellington Residential Mortgage LP, relying on an external manager affiliated with Ellington Management Group. The provided text does not state the company's headquarters location.

Summary of the business section of Ellington Credit's latest annual report, written by StockData.

“As of March 31, 2025, Ellington had over 160 employees and had assets under management of approximately $14.9 billion, of which (i) approximately $7.6 billion consisted of our company, as well as Ellington Financial Inc., a Delaware corporation that elected to be taxed as a REIT listed on the New York Stock Exchange ("NYSE") under the ticker "EFC," and”