Risk factors

Ellington Credit (EARN) risk factors

Item 1A of every Ellington Credit Co. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    84 risks

    The fund focuses heavily on corporate CLO mezzanine debt and equity tranches, exposing it to underlying corporate leverage and default risks. Significant reliance on financial leverage, repurchase agreements, and complex derivatives introduces financing, liquidity, and counterparty vulnerabilities. Operations depend entirely on third-party collateral managers and advisor discretion within closed-end fund regulations.

    Filed Jun 23, 2025