Ellington Credit Company has reported its financial results for the fiscal year ending March 31, 2025. The company recorded a net loss of $7.87 million for the three-month period ending March 31, 2025, compared to a net income of $3.96 million in the same period of 2024. For the full year ended December 31, 2024, Ellington Credit Company reported a net income of $6.59 million, up from $4.56 million in the previous year. The company has undergone a strategic transformation to focus on corporate collateralized loan obligations (CLOs), moving away from its historical specialization in residential mortgage- and real estate-related assets. As part of this transformation, Ellington Credit Company revoked its election to be taxed as a REIT and is now operating as a taxable C-Corporation. This strategic shift marks a significant change in the company's investment strategy and tax structure, reflecting its new focus on CLOs.