Ellington Residential Mortgage REIT(EARN) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Ellington Credit Company Reports First Quarter 2024 Results OLD GREENWICH, Connecticut—May 14, 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 March 31, 2024. Highlights Strategic Transformation On March 29, 2024, our Board of Trustees approved a strategic transformation of our investment strategy to focus on corporate CLOs, with an emphasis on mezzanine debt and equi ...