Ellington Credit Co. Updates January 2026 Portfolio Statistics and NAV, Trading at 8.3% Premium
Summary
Ellington Credit Co. filed a prospectus supplement updating its portfolio statistics and estimated Net Asset Value (NAV) as of January 31, 2026, showing the stock trading at an 8.3% premium to NAV.
Key Events
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Updated Net Asset Value (NAV)
The estimated Net Asset Value per share was $5.01 - $5.07 as of January 31, 2026.
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Stock Trading at Premium to NAV
As of January 31, 2026, the company's common stock was trading at an 8.3% premium to its estimated NAV, with a closing price of $5.46 per share.
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Portfolio Overview Provided
The filing includes a detailed overview of the CLO portfolio, totaling $405 million, with breakdowns by asset type, underlying loan data, and corporate credit hedges.
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Monthly Distribution Rate
The company reiterated its monthly distribution of $0.08 per share, reflecting a current distribution rate of 17.6%.
Analysis
This prospectus supplement provides investors with updated monthly portfolio statistics and the estimated Net Asset Value (NAV) per share as of January 31, 2026. For closed-end funds, these regular updates are crucial for assessing valuation and performance. The reported 8.3% premium to NAV indicates strong investor demand for the fund's shares relative to its underlying assets. While a routine disclosure, the consistent updates on NAV and portfolio composition are important for investors to track the fund's health and investment strategy.
At the time of this filing, EARN was trading at $5.05 on NYSE in the Unknown sector, with a market capitalization of approximately $190.3M. The 52-week trading range was $4.33 to $6.58. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.