Quarterly ResultAug 12, 2026, 04:58 PM
Ellington Credit Q2 Net Income $12.3M; NAV $4.18/share
AI Summary
Ellington Credit Company reported financial results for the quarter ended June 30, 2026, with a net asset value (NAV) per share of $4.18. The company achieved GAAP net income of $12.3 million, or $0.33 per share, and net investment income (NII) of $6.1 million, or $0.16 per share. Management highlighted successful portfolio repositioning in response to earlier market dislocation, leading to an 8% non-annualized economic return and enhanced future earnings capacity. The company also received $17.6 million in recurring cash distributions from its CLO portfolio and raised $2.6 million through equity issuance.
Key Highlights
- Net asset value (NAV) per share was $4.18 as of June 30, 2026.
- GAAP net income was $12.3 million, or $0.33 per share.
- Net investment income (NII) was $6.1 million, or $0.16 per share.
- CLO portfolio totaled $334.1 million as of June 30, 2026.
- Received $17.6 million, or $0.47 per share, in recurring cash distributions from CLO portfolio.
- Raised $2.6 million through the issuance of 579,416 common shares.
- Declared monthly distributions of $0.08 per share for April, May, June, July, and August 2026.
Price Impact
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