Ellington Credit Co: authorizes $20,000,000 common share repurchase program

What happened

• On Oct 9, 2026, the Board of Trustees of Ellington Credit Company (the “Fund”) authorized a program under which the Fund may repurchase up to $20,000,000 of the Fund’s outstanding common shares of beneficial interest in the open market from time to time (the “Common Share Repurchase Program”). The Common Share Repurchase Program will remain in effect until Oct 9, 2027, unless otherwise extended or earlier terminated.
• The filing states that the midpoint of the range of the Fund’s estimated net asset value per common share disclosed in the Fund's materials filed on Form 497AD on Oct 16, 2026 was $4.04 as of Sep 30, 2026.

Key details

• Repurchase authorization: up to $20,000,000 of common shares.
• Program period: effective Oct 9, 2026 through Oct 9, 2027 unless extended or terminated.
• NAV disclosure: midpoint estimated net asset value per common share was $4.04 as of Sep 30, 2026 (Form 497AD filed Oct 16, 2026).
• Repurchases: timing, manner, price and amount will be determined by the Fund in its discretion and the program does not obligate the Fund to repurchase any common shares; the program may be suspended, extended, modified or discontinued.

Why it may matter

• This filing reports Item 8.01 (Other events), which covers the Fund’s authorization and disclosure of the common share repurchase program and related details. The filing does not show why the company acted.