Ellington Credit Co Reports Decline in Estimated NAV to $4.26-$4.32 for April 2026

summarizeSummary

Ellington Credit Co reported a decline in its estimated Net Asset Value (NAV) per share for April 2026, now ranging from $4.26 to $4.32, continuing a recent downward trend.

check_boxKey Events

• Estimated NAV Decline

  The estimated Net Asset Value (NAV) per common share decreased to $4.26-$4.32 as of April 30, 2026, a decline from the $4.46-$4.52 reported in mid-March 2026.

• Trading at Premium to NAV

  The company's closing stock price of $4.72 as of April 30, 2026, represents a 10.0% premium to the midpoint of the estimated NAV.

• Portfolio Composition Update

  The CLO portfolio totals $328 million, consisting of 53% CLO equity and 47% CLO debt, with 95.5% of underlying loans being senior secured.

• High Distribution Rate Noted

  The fund maintains a monthly distribution of $0.08 per share, equating to a 20.38% current distribution rate, with a cautionary note that distributions are not guaranteed and may include return of capital.

auto_awesomeAnalysis

Ellington Credit Co's estimated Net Asset Value (NAV) per share declined to $4.26-$4.32 as of April 30, 2026, down from $4.46-$4.52 reported in mid-March. This represents a material decrease in the underlying value of the fund's assets, which is a negative indicator for shareholders. The fund continues to trade at a premium to its estimated NAV, currently 10.0%.