Ellington Residential Mortgage REIT Files 10-K/A Amendment

TL;DR

<b>Ellington Residential Mortgage REIT filed an amendment to its 2023 annual report on Form 10-K/A.</b>

AI Summary

Ellington Residential Mortgage REIT (EARN) filed a Amended Annual Report (10-K/A) with the SEC on April 12, 2024. Ellington Residential Mortgage REIT (EARN) filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The filing was submitted on April 12, 2024. EARN is incorporated in Maryland and its principal executive offices are located in Old Greenwich, Connecticut. The company's common shares are traded on the New York Stock Exchange under the ticker symbol EARN. EARN is not a well-known seasoned issuer and is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.

Why It Matters

For investors and stakeholders tracking Ellington Residential Mortgage REIT, this filing contains several important signals. This amendment indicates potential updates or corrections to the previously filed annual report, which could contain material information for investors. As a REIT, the company's financial performance and disclosures are crucial for understanding its real estate investment strategies and dividend potential.

Risk Assessment

Risk Level: low — Ellington Residential Mortgage REIT shows low risk based on this filing. The filing is an amendment to a 10-K, suggesting it's a procedural update rather than a significant event, thus posing low immediate risk.

Analyst Insight

Review the specific changes in the 10-K/A filing to understand any material updates to Ellington Residential Mortgage REIT's financial position or business operations.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-12 — Filing Date (Date as of Change)
• 001-35896 — Commission File Number (SEC File Number)
• EARN — Trading Symbol (Common Shares)

Key Players & Entities

• Ellington Residential Mortgage REIT (company) — Registrant Name
• EARN (company) — Trading Symbol
• New York Stock Exchange (company) — Exchange
• Maryland (company) — State of Incorporation
• Old Greenwich, Connecticut (company) — Principal Executive Offices
• 001-35896 (regulator) — Commission file number
• 46-0687599 (regulator) — I.R.S. Employer Identification No.
• 2024-04-12 (date) — Filing Date

FAQ

Industry Context

Ellington Residential Mortgage REIT operates as a real estate investment trust, focusing on acquiring and managing a portfolio of mortgage-related assets.

Regulatory Implications

The company is subject to SEC regulations for public companies, including filing annual reports (10-K) and amendments (10-K/A).

What Investors Should Do

1. Analyze the content of the 10-K/A amendment for any material changes from the original 10-K filing.
2. Monitor future SEC filings from EARN for ongoing operational and financial updates.
3. Assess the impact of any disclosed changes on the company's investment strategy and dividend policy.

Key Dates

• 2023-12-31: Fiscal Year End — The period covered by the annual report.
• 2024-04-12: Filing Date — Date the amendment was filed with the SEC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed annual report for the fiscal year ended December 31, 2023.

Key Financial Figures

• $0.01 — Common Shares of Beneficial Interest, $0.01 par value per share EARN The New York S

Filing Documents

• earn-20231231.htm (10-K/A) — 325KB
• earn202310-ka1231ex311xlp.htm (EX-31.1) — 6KB
• earn202310-ka1231ex312xcs.htm (EX-31.2) — 6KB
• earn-20231231_g1.jpg (GRAPHIC) — 134KB
• earn-20231231_g2.jpg (GRAPHIC) — 118KB
• 0001560672-24-000029.txt (&nbsp;) — 1203KB
• earn-20231231.xsd (EX-101.SCH) — 2KB
• earn-20231231_lab.xml (EX-101.LAB) — 33KB
• earn-20231231_pre.xml (EX-101.PRE) — 19KB
• earn-20231231_htm.xml (XML) — 5KB

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance Board of Trustees Our business is managed through the oversight and direction of our Board of Trustees (the "Board"), which has established investment guidelines for our Manager to follow in its day-to-day management of our business. Our Manager is an affiliate of EMG, a private investment management firm and registered investment advisor that specializes in fixed income strategies, and is responsible for administering our business activities and day-to-day operations. Our Board is currently comprised of six trustees. The trustees are informed about our business at meetings of our Board and its committees and through supplemental reports and communications. Our independent trustees meet regularly in executive sessions without the presence of our corporate officers. Our Board has established three standing committees that are comprised solely of independent trustees, the principal functions of which are briefly described below. Matters put to a vote at any one of our three committees must be approved by a majority of the trustees on the committee who are present at a meeting at which there is a quorum or by unanimous written consent of the trustees on that committee. The following sets forth the names, ages, and biographical information for each member of the Board. Name and Position With Our Company Age Background Summary Robert B. Allardice, III Chairman of the Board 77 Mr. Allardice has served as a member of our Board since May 2013 and was appointed as Chairman of the Board in January 2021 and is Chairman of the Audit Committee. Mr. Allardice also served as a director, member of the audit committee, and chairman of the finance, investment and risk management committee of The Hartford Financial Services Group, Inc. (NYSE: HIG), from September 2008 through June 2023. Mr. Allardice served as a director of GasLog Partners LP (NYSE: GLOP) from October 2014 to January 2021. Mr. Allardice retired in

View Full Filing

View this 10-K/A filing on SEC EDGAR