Ellington Credit Company (NYSE: EARN) (the “Fund”) announced the completion of its conversion to a Delaware-domiciled closed-end fund registered under the Investment Company Act of 1940 (the “Conversion”). In conjunction with the Conversion, the Fund intends to sell its remaining Agency MBS pools, acquire additional corporate collateralized loan obligations (“CLOs”), and operate as a Regulated Investment Company (“RIC”) under U.S. federal tax law. The Fund also plans to change its fiscal and tax year to end on March 31, the day prior to the Conversion.
Ellington Credit Company
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