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Stock impact report

Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock

Ellington Credit Company Common Shares of Beneficial Interest (EARN) 
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm Check Earnings Report
US:NYSE Investor Relations: ir.earnreit.com
Company Research Source: Business Wire
—Intends to Hold Special Meeting of Shareholders and Convert to Closed-End Fund/RIC in Early 2025——Issues Mirror Preferred Stock to Amplify Vote of Common Shareholders——Preferred Stock to be Automatically Redeemed Following Successful Vote on Conversion— OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company”) (NYSE: EARN) announced today that its Board of Trustees intends to call a special meeting of shareholders in early 2025 (the “Special Meeting”), to approve its previously announced conversion to a Delaware registered closed-end fund to be treated as a regulated investment company under the Internal Revenue Code, focused on corporate CLO investments (the “Conversion”). In conjunction with the Special Meeting, the Company today filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) (the “Preliminary Proxy Statement”). The Company intends to announce the date of the Special Meeting with the filing of a definitive p Show less Read more
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