Ellington Residential Mortgage REIT(EARN) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Net loss was $(7.9) million, or $(0.23) per share[11] - Adjusted Distributable Earnings were $9.0 million, or $0.26 per share[11] - Shareholders' equity was $228.5 million, with a book value per share of $6.08[11] Portfolio Allocation - Capital allocation to CLOs increased to 81% as of March 31, 2025, compared to 72% as of December 31, 2024[11] - The CLO portfolio grew to $249.9 million as of March 31, 2025, from $171.1 million as of December 31, 2024[11] - Agency RMBS portfolio was $503.9 million as of March 31, 2025[11] Market Conditions - The dividend rate was 17.1% based on the May 19, 2025, closing price of $5.62 and a monthly dividend of $0.08 per common share declared on May 7, 2025[11] - The weighted average constant prepayment speed on fixed-rate specified pools decreased quarter over quarter to 7.2 CPR from 9.5 CPR[11] Strategic Changes - The company completed its conversion to a CLO closed-end fund on April 1, 2025[11] - The entirety of Agency RMBS was sold and related TBA hedges were covered following the conversion in early April[11]