Ellington Residential Mortgage REIT(EARN) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Ellington Credit Company Reports Second Quarter 2024 Results OLD GREENWICH, Connecticut—August 12, 2024 Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended June 30, 2024. Highlights • Net income (loss) of $(0.8) million, or $(0.04) per share. • Adjusted Distributable Earnings of $7.3 million, or $0.36 per share. 1 • Book value of $6.91 per share as of June 30, 2024, which incl ...