Ellington Credit Co. Files Proxy Materials

TL;DR

Ellington Credit Co. filed proxy docs, get ready for shareholder votes.

AI Summary

Ellington Credit Co. filed a Definitive Additional Materials proxy statement on November 21, 2024. This filing relates to the company's proxy statement for its upcoming shareholder meeting, likely concerning routine corporate matters or specific proposals requiring shareholder approval. The filing does not contain specific financial figures or details about the proposals themselves.

Why It Matters

This filing indicates that Ellington Credit Co. is proceeding with its shareholder meeting process, which is a standard part of corporate governance and may lead to decisions impacting the company's future operations or strategy.

Risk Assessment

Risk Level: low — This is a routine SEC filing for a proxy statement, not indicating any immediate financial distress or significant corporate event.

Key Players & Entities

• Ellington Credit Co. (company) — Registrant
• 0001560672-24-000147 (filing_id) — Accession Number
• 20241121 (date) — Filing Date

FAQ

Filing Documents

• proxysupplement2024-earnme.htm (DEFA14A) — 32KB
• 0001560672-24-000147.txt ( ) — 33KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the registrant x Filed by a party other than the registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement x Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Ellington Credit Company (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of filing fee (Check the appropriate box) x No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies (2) Aggregate number of securities to which transaction applies (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) (4) Proposed maximum aggregate value of transaction. (5) Total fee paid Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2), and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number or the Form or Schedule and the date of its filing. (1) Amount Previously Paid (2) Form, Schedule, or Registration Statement No. (3) Filing Party (4) Date Filed. Ellington Credit Sets Date for its Annual Meeting of Shareholders Additional Affirmative Votes Still Needed for Passage of Conversion Proposals Company's Board of Trustees, ISS, and Glass Lewis All Recommend Shareholders Vote "For" Strategic Transformation OLD GREENWICH, Conn., November 21, 2024—Ellington Credit Company (NYSE EARN) (the Company) today announced that its 2024 Annual Meeting of Shareholders (the Annual Meeting) will be held on Wednesday, December 4, 2024, at 1000 am, Eastern Time, via live webcast at www.virtualshareholdermeeting.comEARN2024. As of the close of business yesterday, over 92% of votes received have been cast in favor of each of the proposals that would allow the Company to convert to a closed-end investment company registered under the Investment Company Act of 1940, as amended, which would be treated as a regulated investment company for federal income tax purposes under the Internal Revenue Code of 1986, as amended (such proposals, the Conversion Proposals). However, given the number of shareholders who have not yet voted at all, the Conversion Proposals have not yet received the number of affirmative votes required for passage. The Company notes that all figures relating to the current status of the shareholder vote are made as of the date noted such figures are subject to change based on a variety of factors, including the ability of shareholders to change or revoke their votes, which they are entitled to do at any time prior to the Annual Meeting, and the Company's tabulator finalizing its report. The record date of the Annual Meeting, August 6, 2024 (the "Record Date"), remains unchanged. Shareholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the rescheduled Annual Meeting. Shareholders can vote quickly and efficiently by calling 1-877-787-9239. The Company's Board of Trustees, along with leading independent proxy advisory firms Institutional Shareholder Services Inc., and Glass, Lewis Co., recommend that shareholders vote "FOR" all of the proposals included in the Proxy Statement. ADDITIONAL INFORMATION AND WHERE TO FIND IT The Proxy Statement was mailed to all shareholders of record as of the close of business on the Record Date that were entitled to receive notice of and vote at the Annual Meeting. In addition, the Proxy Statement is available free of charge at the SEC's website located at www.sec.gov. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS SUCH DOCUMENTS AND FILINGS CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING AND THE MATTERS TO BE ACTED UPON AT THE ANNUAL MEETING. THE COMPANY NOTES THAT ALL FIGURES RELATING TO THE CURRENT STATUS OF THE SHAREHOLDER VOTE ARE MADE AS OF THE DATE NOTED. SUCH FIGURES ARE SUBJECT TO CHANGE BASED ON A VARIETY OF FACTORS, INCLUDING THE ABILITY OF SHAREHOLDERS TO CHANGE OR REVOKE THEIR VOTES, WHICH THEY ARE ENTITLED TO DO AT ANY TIME PRIOR TO THE ANNUAL MEETING, AND THE COMPANY'S TABULATOR FINALIZING ITS REPORT. About Ellington Credit Company Ellington Credit Company, former

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View this DEFA14A filing on SEC EDGAR