Ellington Credit Shareholders Approve Conversion to Closed-End Fund

MT Newswires Live

2025/01/22

Ellington Credit (EARN) said Tuesday that its shareholders approved the conversion to a Delaware-registered closed-end fund.

After conversion, the entity will focus on corporate Collateralized Loan Obligation investments and will be treated as a regulated investment company, according to Ellington.

The company said it expects the conversion to become effective in the near future.

Price: 6.69, Change: +0.07, Percent Change: +1.06

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