Ellington Residential Mortgage REIT(EARN) - 2023 Q4 - Annual Results

Exhibit 99.1 Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results OLD GREENWICH, Connecticut—March 6, 2024 Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights • Net income (loss) of $12.4 million, or $0.75 per share. • Adjusted Distributable Earnings1 of $4.6 million, or $0.27 per share. • Book value of $7.32 per share as of December 31, 2023, which includes the effects of dividends of ...