Ellington Credit Management

Management criteria checks 2/4

Ellington Credit's CEO is Larry Penn, appointed in Oct 2012, has a tenure of 12.08 years. directly owns 0.14% of the company’s shares, worth €263.62K. The average tenure of the management team and the board of directors is 9.1 years and 11.5 years respectively.

Key information

Larry Penn

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	12.1yrs
CEO ownership	0.1%
Management average tenure	9.1yrs
Board average tenure	11.5yrs

Recent management updates

Recent updates

CEO

Larry Penn (62 yo)

12.1yrs

Tenure

Mr. Laurence Eric Penn, also known as Larry, serves as Chief Executive Officer, President at Ellington Credit Company (formerly known as Ellington Residential Mortgage REIT) since October 2012 and also ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Laurence Penn	CEO, President & Trustee	12.1yrs	no data	0.14% € 263.6k
Christopher Smernoff	Chief Financial Officer	6.6yrs	US$121.08k	0.081% € 151.6k
J. Herlihy	Chief Operating Officer	6.7yrs	US$216.68k	0.14% € 262.7k
Michael Vranos	Co-Chief Investment Officer & Trustee	12.1yrs	no data	0.55% € 1.0m
Mark Tecotzky	Co-Chief Investment Officer	12.1yrs	no data	no data
Daniel Margolis	General Counsel	11.6yrs	no data	no data
Vincent Ambrico	Controller	6.6yrs	no data	no data
Alaael-Deen Shilleh	Associate General Counsel & Secretary	1.8yrs	no data	no data

9.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 73Z's management team is seasoned and experienced (9.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurence Penn	CEO, President & Trustee	12.2yrs	no data	0.14% € 263.6k
Michael Vranos	Co-Chief Investment Officer & Trustee	12.2yrs	no data	0.55% € 1.0m
Ronald Simon	Independent Trustee	11.5yrs	US$132.34k	0.27% € 512.8k
David Miller	Independent Trustee	11.5yrs	US$132.34k	0.26% € 485.0k
Mary McBride	Independent Trustee	3.7yrs	US$124.84k	0.13% € 248.5k
Robert Allardice	Independent Chairman of the Board	11.5yrs	US$164.84k	0.22% € 411.2k

11.5yrs

Average Tenure

67yo

Average Age

Experienced Board: 73Z's board of directors are seasoned and experienced ( 11.5 years average tenure).

Ellington Credit Management

Management criteria checks 2/4

Key information

Recent management updates

Ellington Credit Company, Annual General Meeting, Sep 26, 2024

Insufficient new directors

Insufficient new directors

Recent updates

New minor risk - Profit margin trend

Ellington Credit Declares Monthly Common Dividend, Payable on December 26, 2024

Ellington Credit Company to Report Q3, 2024 Results on Nov 12, 2024

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on November 25, 2024

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Dividend, Payable on October 25, 2024

Upcoming dividend of US$0.08 per share

Ellington Credit Company, Annual General Meeting, Sep 26, 2024

New major risk - Shareholder dilution

New minor risk - Profit margin trend

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on September 25, 2024

Ellington Credit Company to Report Q2, 2024 Results on Aug 12, 2024

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on August 26, 2024

Dividend of US$0.08 announced

Insufficient new directors

Ellington Credit Company Declares Monthly Common Dividend, Payable on July 25, 2024

Upcoming dividend of US$0.08 per share

Dividend of US$0.08 announced

Ellington Credit Company Declares Monthly Common Dividend, Payable on June 25, 2024

Ellington Credit Company to Report Q1, 2024 Results on May 14, 2024

Upcoming dividend of US$0.08 per share

Dividend of US$0.08 announced

Ellington Residential Declares Monthly Common Dividend, Payable on May 28, 2024

Insufficient new directors

Upcoming dividend of US$0.08 per share

Dividend of US$0.08 announced

Ellington Residential Mortgage REIT Declares a Monthly Common Dividend, Payable on April 25, 2024

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT to Report Q4, 2023 Results on Mar 06, 2024

Dividend of US$0.08 announced

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on March 25, 2024

Upcoming dividend of US$0.08 per share at 16% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on February 26, 2024

Upcoming dividend of US$0.08 per share at 15% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on January 25, 2024

Upcoming dividend of US$0.08 per share at 16% yield

Ellington Residential Mortgage REIT has filed a Follow-on Equity Offering in the amount of $100 million.

New major risk - Revenue and earnings growth

Ellington Residential Mortgage REIT Declares a Monthly Common Dividend, Payable on December 26, 2023

Ellington Residential Mortgage REIT to Report Q3, 2023 Results on Nov 13, 2023

Upcoming dividend of US$0.08 per share at 18% yield

Upcoming dividend of US$0.08 per share at 15% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on October 25, 2023

Upcoming dividend of US$0.08 per share at 14% yield

Ellington Residential Mortgage Reit Declares Monthly Common Dividend, Payable on September 25, 2023

Ellington Residential Mortgage REIT to Report Q2, 2023 Results on Aug 10, 2023

Upcoming dividend of US$0.08 per share at 13% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on August 25, 2023

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on August 25, 2023

Upcoming dividend of US$0.08 per share at 13% yield

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on July 25, 2023

Upcoming dividend of US$0.08 per share at 14% yield

Ellington Residential Mortgage Reit Declares Monthly Dividend, Payable on June 26, 2023

Upcoming dividend of US$0.08 per share at 13% yield

Upcoming dividend of US$0.08 per share at 14% yield

Upcoming dividend of US$0.08 per share at 12% yield

Ellington Residential Mortgage REIT to Report Q4, 2022 Results on Mar 06, 2023

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on March 27, 2023

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on February 27, 2023

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on January 25, 2022

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on December 27, 2022

Ellington Residential Mortgage REIT to Report Q3, 2022 Results on Nov 09, 2022

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT Declares Monthly Common Dividend, Payable on November 25, 2022

Upcoming dividend of US$0.08 per share

Ellington Residential Mortgage REIT Declares Monthly Dividend, Payable on October 25, 2022