Ellington Credit Company reported its financial results for the three-month period ended March 31, 2025. The company recorded a net loss of $7.9 million, compared to a net loss of $2 million in the previous quarter. Adjusted Distributable Earnings reached $9 million, or $0.26 per share. The book value stood at $6.08 per share as of the end of March 2025, factoring in dividends of $0.24 per share for the period. The company's CLO portfolio saw a significant increase, growing by 46% to $249.9 million as of March 31, 2025, from $171.1 million at the end of December 2024. Capital allocation to CLOs also rose to 81%, up from 72% in the previous quarter. Ellington Credit Company's net interest margin was reported at 11.13% on credit, 2.29% on Agency, and 5.27% overall. The company is preparing to expand its corporate debt in its liability structure later this year, aiming to enhance net investment income.