Ellington Credit Company

Ellington Credit Company (NYSE: EARN) is a non-diversified closed-end fund that invests primarily in corporate collateralized loan obligations (CLOs), with a focus on mezzanine debt and equity tranches across both U.S. and European markets. The fund is externally managed and advised by an affiliate of Ellington Management Group, L.L.C., a fixed-income investment manager founded in 1994. EARN seeks to provide attractive current cash flow and risk-adjusted total returns through active CLO portfolio management, credit analysis, and disciplined hedging strategies. The fund finances its investments through reverse repurchase agreements and unsecured borrowings, and employs credit hedges including CDS, ETFs, and total return swaps to manage risk exposure. Updated Aug 12, 2026