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
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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Source: Business Wire
—Preserving shareholder value by adopting a Section 382 rights plan intended to protect potentially valuable tax assets——Plan would only remain in effect while the Company operates as taxable C-Corp, and would expire immediately upon the successful completion of the closed end fund/RIC conversion— OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (“Ellington Credit” or the “Company”) (NYSE: EARN) announced today that it has adopted a shareholder rights plan designed to protect shareholder value by preserving the availability of the Company’s net operating loss carryforwards (“NOLs”) and other tax attributes under the Internal Revenue Code of 1986, as amended (the “IRC”) (such plan, the “Tax Asset Preservation Plan”).As previously announced, later this year Ellington Credit intends to convert to a registered closed end fund to be treated as a regulated investment company (“RIC”) under the IRC, subject to receiving shareholder approval of certain matters. In the meantim
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News
- Ellington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor Presentation [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor PresentationBusiness Wire
- 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 Residential Rebrands as Ellington Credit Company [Yahoo! Finance]Yahoo! Finance
- Ellington Residential Rebrands as Ellington Credit CompanyBusiness Wire
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