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What is EARN?

Ellington Credit Company (the “Fund”) is a non-diversified closed-end fund that seeks to provide attractive current cash flow and risk-adjusted total returns by investing primarily in collateralized loan obligations (CLOs), with a focus on mezzanine debt and equity tranches. The Fund is advised by an affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994. The Fund benefits from Ellington’s extensive experience and deep expertise in portfolio management, credit analysis, and risk management.

What is Ellington Management Group’s relation to EARN?

EARN is advised by Ellington Credit Company Management LLC, a registered adviser and affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994.

What is EARN's fiscal year?

In connection with our conversion to a registered closed-end fund, EARN changed its fiscal year to end on March 31, the day prior to the conversion, with the Fund’s first full year following conversion to end on March 31, 2026. The Fund also expects to change its tax year to end on March 31.

Does EARN pay a distribution?

The timing and amount of any distributions paid to shareholders is at the discretion of the company's Board of Trustees and depends upon a number of factors, including its actual and projected results of operations, financial condition, and such other factors as the Board of Trustees deems relevant. To view the funds historical distributions information, please visit the Distributions and Tax Information page.

When is the distribution record date and distribution payable date?

The fund issues a press release to disclose the record date and distributions payable date for each distribution it declares.

What is EARN's distributions history?

Please refer to the Distributions and Tax Information page.

Who is EARN’s auditor?

EARN’s auditor is PricewaterhouseCoopers LLP.

Who is EARN’s legal counsel?

EARN’s legal counsel is Dechert LLP.

How can I receive email alerts from EARN?

To receive email alerts, click the “For Investors” link on the homepage and select “Email Alerts” on the top right. Enter your email address and submit. Thank you. 

How can I request additional information from EARN?

You may fill out an information request here on our website or email us at Info@ellingtoncredit.com.

How can I get tax information on EARN distributions?
When was EARN's conversion to a registered closed-end fund complete?

April 1, 2025

Does EARN have a Dividend Reinvestment Plan?

Yes. The Fund has a Dividend Reinvestment Plan (the "DRP"), which provides for automatic reinvestment of cash distributions, unless prior to the related record date a shareholder (either directly, or through the broker holding its shares) elects to receive cash. Please see the Fund's Current Report on Form 8-K or Registration Statement on Form N-2, each filed on April 1, 2025, for more information on the DRP.