Ellington Credit Company (EARN) Investor presentation summary

Ellington management platform

• Over $23.0 billion in assets under management, with 170+ employees and 60 investment professionals as of June 30, 2026.

• Deep expertise in structured corporate credit and mortgages, leveraging advanced technology and analytics.

• 20% of employees dedicated to research and engineering, supporting a data-driven investment and risk management approach.

• Risk oversight is deeply integrated, using diverse tools to identify and respond to emerging risks.

• Management team has decades of experience in structured credit and advanced mathematics.

Investment strategy and risk management

• Focus on diversified CLO portfolio construction, active trading, and dynamic credit hedging to manage risk and optimize returns.

• Prudent leverage and disciplined cash management, including robust stress testing and liquidity forecasting.

• Mark-to-market trading election for tax purposes helps manage distribution requirements during market stress.

• Proprietary models and real-time analytics guide investment decisions and risk management.

CLO expertise and portfolio growth

• CLO investment strategy began in 2012, managed by a team with an average of 25 years of industry experience.

• CLO portfolio grew from $3.8M in September 2023 to $334.1M by June 30, 2026.

• Portfolio includes both CLO equity and debt, with allocations adjusted based on market opportunities.

• Active trading approach with 64 trades executed in the latest quarter, emphasizing diversification and relative value.