# Ellington Credit Company (EARN): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/earn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Actively Managed · Inception: 2013-05-01 Ellington Residential Mortgage REIT functions as a real estate investment trust (REIT), with its core business focused on the acquisition, investment, and oversight of assets tied to residential mortgages and real estate. The company's holdings primarily include various Residential Mortgage-Backed Securities (RMBS), such as government-backed agency pools and agency Collateralized Mortgage Obligations (CMOs). Additionally, it invests in non-agency RMBS, which encompasses non-agency CMOs ranging from investment-grade to non-investment-grade ratings. Having opted for REIT tax treatment, the co... ## Key Facts | Metric | Value | |---|---| | Price | $3.72 | | Expense Ratio | — | | Market Value | $142.0M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 25.81% | | Annual Distribution (TTM) | $0.96 /share | | Distribution Frequency | Monthly | | 52-Week Range | $3.22 – $5.72 | | Beta | 1.30 | ## Latest Distribution - Amount: $0.0800 /share - Ex-date: 2026-10-30 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does EARN invest in? Ellington Residential Mortgage REIT functions as a real estate investment trust (REIT), with its core business focused on the acquisition, investment, and oversight of assets tied to residential mortgages and real estate. The company's holdings primarily include various Residential Mortgage-Backed Securities (RMBS), such as government-backed agency pools and agency Collateralized Mortgage Obligations (CMOs). Additionally, it invests in non-agency RMBS, which encompasses non-agency CMOs ranging from investment-grade to non-investment-grade ratings. Having opted for REIT tax treatment, the company benefits from an exemption from corporate income tax on the segment of its net earnings that are distributed to its investors. Ellington Residential Mortgage REIT was established in 2012 and is headquartered in Old Greenwich, Connecticut. ### What is the expense ratio of EARN? An expense ratio for Ellington Credit Company (EARN) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### What is EARN's dividend yield? EARN's trailing-twelve-month yield is 25.81%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of EARN? Effective duration measures EARN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EARN's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of EARN? EARN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of EARN? Yield to maturity (YTM) is the total return you'd earn from EARN if every bond in the portfolio is held to maturity at the current price. EARN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does EARN pay a dividend? Yes, Ellington Credit Company (EARN) distributes dividends to shareholders. The trailing-twelve-month yield is 25.81%. Full dividend history is on this page. ### How often does EARN pay dividends? Ellington Credit Company pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EARN's next ex-dividend date? The most recently announced ex-dividend date for EARN was 2026-10-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is EARN's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Ellington Credit Company (EARN). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does EARN charge its expense ratio? The expense ratio is deducted in tiny daily slices from EARN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/earn - Distribution history: https://www.dividenddata.com/funds/earn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/earn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/earn/expenses - Peer comparison: https://www.dividenddata.com/funds/earn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.