Ellington Credit Company is a non-diversified closed-end fund. The Company is focused on acquiring, investing in, and managing secondary collateralized loan obligations (CLO) mezzanine debt and equity tranches. It specializes in acquiring, investing in, and managing residential mortgage- and real estate-related assets. The Company's primary objective is to generate attractive risk-adjusted total returns for its shareholders by making investments in multiple parts of the CLO capital structure, including mezzanine debt and equity tranches. Additionally, it may also invest in CLO loan accumulation facilities, which are entities that acquire corporate loans and other similar corporate credit-related assets in anticipation of ultimately collateralizing a CLO transaction, as well as other related assets. It is externally managed and advised by Ellington Credit Company Management LLC.
Company Information
About this company
Key people
Laurence E. Penn
President, Chief Executive Officer, Trustee
Christopher Smernoff
Chief Financial Officer
Jr Herlihy
Chief Operating Officer
Mark Tecotzky
Executive Vice President
Gregory Morris Borenstein
Portfolio Manager
Robert B. Allardice
Independent Chairman of the Board
Mary E. Mcbride
Independent Trustee
David J. Miller
Independent Trustee
Ronald I. Simon
Independent Trustee
Michael W. Vranos
Trustee, Portfolio Manager
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Key facts
- Shares in issue37.57m
- EPICEARN
- ISINUS2885781078
- LocationUnited States
- SectorFinancial
- IndustryMisc. Financial Services
- Market cap$207.75m
- Employees160
- ExchangeNew York Stock Exchange
- Index
- Website
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