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Ellington Residential Mortgage ( (EARN) ) has issued an announcement.
Ellington Credit Company, operating in the financial sector, has disclosed its preliminary financial results for the fourth quarter of 2024, reporting a net income per common share in the range of $(0.08) to $(0.06) and adjusted distributable earnings per common share between $0.26 and $0.28. The company, which has seen an increase in its CLO and MBS portfolios, is in the process of converting to a Delaware registered closed-end fund with a focus on corporate CLO investments, expected to complete on or before April 1, 2025. This strategic move aims to position the company effectively within the industry and potentially impact future operations and stakeholder interests.
More about Ellington Residential Mortgage
YTD Price Performance: 0.31%
Average Trading Volume: 519,691
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $191.4M
For a thorough assessment of EARN stock, go to TipRanks’ Stock Analysis page.
