Ellington Credit Sets Date for its Annual Meeting of Shareholders
Additional Affirmative Votes Still Needed for Passage of Conversion Proposals
Company’s
As of the close of business yesterday, over 92% of votes received have been cast in favor of each of the proposals that would allow the Company to convert to a closed-end investment company registered under the Investment Company Act of 1940, as amended, which would be treated as a regulated investment company for federal income tax purposes under the Internal Revenue Code of 1986, as amended (such proposals, the "Conversion Proposals"). However, given the number of shareholders who have not yet voted at all, the Conversion Proposals have not yet received the number of affirmative votes required for passage. The Company notes that all figures relating to the current status of the shareholder vote are made as of the date noted; such figures are subject to change based on a variety of factors, including the ability of shareholders to change or revoke their votes, which they are entitled to do at any time prior to the Annual Meeting, and the Company's tabulator finalizing its report.
The record date of the Annual Meeting,
Shareholders can vote quickly and efficiently by calling 1-877-787-9239.
The Company’s
ADDITIONAL INFORMATION AND WHERE TO FIND IT
The Proxy Statement was mailed to all shareholders of record as of the close of business on the Record Date that were entitled to receive notice of and vote at the Annual Meeting. In addition, the Proxy Statement is available free of charge at the SEC’s website located at www.sec.gov.
BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE
THE COMPANY NOTES THAT ALL FIGURES RELATING TO THE CURRENT STATUS OF THE SHAREHOLDER VOTE ARE MADE AS OF THE DATE NOTED. SUCH FIGURES ARE SUBJECT TO CHANGE BASED ON A VARIETY OF FACTORS, INCLUDING THE ABILITY OF SHAREHOLDERS TO CHANGE OR REVOKE THEIR VOTES, WHICH THEY ARE ENTITLED TO DO AT ANY TIME PRIOR TO THE ANNUAL MEETING, AND THE COMPANY'S TABULATOR FINALIZING ITS REPORT.
About
Important Additional Information and Where to Find It
In connection with the Conversion Proposals and the Annual Meeting, the Company has filed with the
This release relates to the Proxy Statement that the Company has filed with the
Participants in the Solicitation Relating to the Conversion Proposals
The Company and certain of its respective directors and executive officers and certain other affiliates of the Company may be deemed to be participants in the solicitation of proxies from the common shareholders of the Company in respect of the Conversion Proposals. Information regarding the Company and its trustees and executive officers and their ownership of common stock of the Company can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended
Cautionary Statement Regarding Forward-Looking Statements
This communication may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to numerous risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from those stated or implied by our forward-looking statements: changes in interest rates and the market value of the Company's investments, market volatility, changes in the default rates on corporate loans, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940, our ability to pivot our investment strategy to focus on collateralized loan obligations ("CLOs"), a deterioration in the CLO market, our ability to utilize our net operating loss carryforwards, our ability to convert to a closed end fund/RIC, including our ability to obtain shareholder approval of our conversion to a closed end fund/RIC, and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, as stated above, forward-looking statements are subject to numerous risks and uncertainties, including, among other things, those described under Item 1A of the Company's Annual Report on Form 10-K, which can be accessed through the link to the Company's
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Investors:
Investor Relations
(203) 409-3773
info@ellingtoncredit.com
or
Media:
for
(212) 257-4170
Ellington@gasthalter.com
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