Ellington Residential Announces Strategic Transformation
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.earnreit.com
Company Research
Source: Business Wire
- Focus on CLO Investments Expected to Enhance Earnings, Reduce Volatility and Drive Book Value Growth, Utilizing Less Leverage -- Company Revokes REIT Election and Intends to Convert to a Closed End Fund/RIC Later this Year -- Expects to Change Name to Ellington Credit Corporation but will Retain Ticker EARN - OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the “Company”) today announced that its Board of Trustees has unanimously approved a strategic transformation of its investment strategy to focus on corporate collateralized loan obligations (“CLOs”). The Company intends to build upon its current $44 million CLO portfolio, with an emphasis on secondary CLO mezzanine debt and equity tranches.In connection with its strategic transformation, the Company has decided to revoke its REIT election for tax year 2024. Later this year, the Company intends to convert to a registered closed end fund to be treated as a regulated investment company (a
Show less
Read more
Impact Snapshot
Event Time:
EARN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EARN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EARN alerts
High impacting Ellington Credit Company Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
EARN
News
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-CorpBusiness Wire
- Ellington Residential Rebrands as Ellington Credit Company [Yahoo! Finance]Yahoo! Finance
- Ellington Residential Rebrands as Ellington Credit CompanyBusiness Wire
- Ellington Residential Mortgage REIT (NYSE: EARN) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
EARN
Earnings
- 3/6/24 - Beat
EARN
Sec Filings
- 4/23/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/12/24 - Form 10-K/A
- EARN's page on the SEC website