SCHEDULE: Wells Fargo Discloses 4.5% Stake in Ellington Credit

Wells Fargo & Company has disclosed a 4.5% passive beneficial ownership stake in Ellington Credit Company's common shares as of June 30, 2025.

Summary

• Wells Fargo & Company reported beneficial ownership of 1,677,029 common shares of Ellington Credit Company.
• This ownership represents 4.5% of the total class of securities.
• The ownership was reported as of June 30, 2025, with the filing submitted on August 6, 2025.
• Wells Fargo & Company holds sole voting power over 2,080 shares and sole dispositive power over 1,677,029 shares.
• The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Ellington Credit Company.
• The filing was made under Rule 13d-1(b), indicating a qualified institutional investor or passive investor.
• Subsidiaries Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC are identified as entities through which the securities are held.

Sentiment

Score: 6

Explanation: Neutral, as it is a routine passive ownership disclosure. The presence of a major financial institution as a significant shareholder can be viewed as a minor positive.

Positives

• A major financial institution, Wells Fargo & Company, holds a significant passive stake, potentially indicating confidence in Ellington Credit Company.

Negatives

• No explicit negatives are stated in this passive ownership disclosure.

Future Outlook

Not applicable as this filing is a passive ownership disclosure by an institutional investor, not a company earnings or strategic update.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a passive investment by a major financial institution in a company operating in the credit sector, typical for diversified investment portfolios.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holder.

Key Dates

Recommendation

This filing is a routine disclosure of a passive ownership stake by an institutional investor and does not contain information that would warrant a change in investment recommendation. It simply provides transparency on a significant shareholder.

Keywords

Financial, Investment, Ownership, SEC Filing, Schedule 13G, Ellington Credit Company, Wells Fargo & Company, Common Shares, Beneficial Interest