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Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock

www.businesswire.com 09-12-2024 09:47 0.5 Minutes reading
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 Com

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