EARN Ellington Credit Co
Price Chart
Executive Summary
The SEC declared effective Ellington Credit Co's registration statement on Form N-2 (File No. 333-295105) on June 11, 2026, under the 1933 Act. This allows the company to sell securities, likely common shares or preferred shares, at its discretion. As a small-cap mortgage REIT with a $177M market cap, this effectiveness introduces potential dilution overhang for existing common shareholders.
Actionable Insight
Monitor for a prospectus supplement announcing specific terms (size, price, type of securities). If equity is raised, expect downward pressure given the small cap. Watch for use-of-proceeds: debt paydown or capital raise could reduce leverage but dilute NAV.
Key Facts
- Form N-2 registration effective June 11, 2026.
- Issuer: Ellington Credit Co (EARN), a Delaware REIT.
- Market cap: $177M; analyst consensus 60% bullish.
- SEC File No. 333-295105 under 1933 Act.
Financial Impact
Potential dilution from future securities sales; offering size not disclosed in this EFFECT notice.
Risk Factors
- Dilution risk if common shares are sold below current book value.
- Overhang on common stock as market anticipates offering terms.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001962 |
| Document: 9999999995-26-001962-index.html | 9999999995-26-001962 |
| Document: 9999999995-26-001962.txt | 9999999995-26-001962 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
3d ago
|
EFFECT
| $4.70 awaiting T+20 | awaiting T+20 | — | $4.61 (+1.91%) |
|
Mar 25, 2026
11w ago
|
EFFECT
| $4.32 $4.59 | ▲ +6.15% | ▼ −1.71% | $4.61 (+6.62%) |
|
Mar 4, 2026
14w ago
|
8-K
| $4.74 $4.58 | ▲ +3.35% | ▼ −0.44% | $4.61 (+2.72%) |
|
Feb 28, 2026
15w ago
|
Institutional Cluster
| $4.78 $4.35 | ▼ −8.95% | ▼ −1.01% | $4.61 (−3.51%) |
US Market Status
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