Ellington Residential Mortgage REIT(US:EARN)2025-03-12 21:09Financial Performance - Estimated book value per common share is in the range of $6.52 to $6.54 as of December 31, 2024, including dividends of $0.24 per common share declared during the quarter[6] - Estimated net income (loss) per common share for the quarter ended December 31, 2024, is in the range of $(0.08) to $(0.06)[6] - Estimated Adjusted Distributable Earnings per common share for the quarter ended December 31, 2024, is in the range of $0.26 to $0.28[6] - Total shareholders' equity is estimated to be $195 million as of December 31, 2024[6] Portfolio Composition - CLO portfolio increased to approximately $170 million and MBS portfolio increased to approximately $510 million as of December 31, 2024[6] - Capital allocation to CLOs was approximately 72% as of December 31, 2024, compared to 58% as of September 30, 2024[6] Strategic Initiatives - The company expects to complete the conversion to a closed-end fund on or before April 1, 2025[2] - The strategic transformation to focus on corporate CLOs was approved by shareholders on January 17, 2025[15] - The conversion will allow the company to operate as a regulated investment company under the Internal Revenue Code[2] Financial Reporting - The preliminary financial results are subject to completion and may differ materially from actual results[3]