Ellington Credit focuses on CLOs, reports Q2 loss per share By Investing.com – Forex Trader Hub
Ellington Credit Company (ECC) CEO Larry Penn outlined the company’s strategic shift towards collateralized loan obligations (CLOs) during the 2024 second-quarter earnings call. The company, which is transitioning into a CLO-focused closed-end fund, reported a net loss of $0.04 per share for the quarter. Despite the loss, the growth in the CLO portfolio, now at…