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Ellington Cr Co

On October 9, 2026, the Board of Trustees of Ellington Credit Company (the “Fund”) authorized a program under which the Fund may repurchase up to $20 million of the Fund’s outstanding common shares of beneficial interest, no par value (the “common shares”) in the open market from time to time (the “Common Share Repurchase Program”). The Common Share Repurchase Program will remain in effect until October 9, 2027, unless otherwise extended or earlier terminated.

The midpoint of the range of the Fund’s estimated net asset value per common share disclosed in the Fund’s materials filed on Form 497AD on October 16, 2026 was $4.04 as of September 30, 2026.

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Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

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