Ellington Credit Co 10-K

Item 3. Legal Proceedings Neither we nor Ellington nor its affiliates (including our Manager) are currently subject to any legal proceedings that we or our Manager consider material. Nevertheless, we and Ellington and its affiliates operate in highly regulated markets that currently are under regulatory scrutiny, and over the years, Ellington and its affiliates have received, and we expect in the future that we and they may receive, inquiries and requests for documents and information from various federal, state and foreign regulators. We and Ellington cannot provide any assurance that, whether the result of regulatory inquiries or otherwise, neither we nor Ellington nor its affiliates will become subject to investigations, enforcement actions, fines, penalties or the assertion of private litigation claims or that, if any such events were to occur, they would not materially adversely affect us. For a discussion of these and other related risks, see "Risk Factors—General Risk Factors—We, Ellington, or its affiliates may be subject to regulatory inquiries and proceedings, or other legal proceedings" included in Part I, Item 1A of this Annual Report on Form 10-K. Item 4. Mine Safety Disclosures 49 Not applicable. 50 PART II 5. Market for Registrant's Common Equity, Related Shareholders Matters, and Issuer Purchases of Equity Securities Market Information Our common shares have been listed on the New York Stock Exchange ("NYSE") under the symbol "EARN" since May 1, 2013. Holders of Our Common Shares Based upon a review of a securities position listing as of February 15, 2023, we had an aggregate of 108 holders of record and holders of our common shares who are nominees for an undetermined number of beneficial owners. Unregistered Sales of Equity Securities Pursuant to our 2013 Equity Incentive Plan, on December 15, 2022, we granted 12,111 restricted common shares to certain of our partially dedicated employees. The restricted common shares are subject to forfeiture restrictions that will lapse with respect to 6,056 of the common shares on December 15, 2023 and 6,055 of the common shares on December 15, 2024. Such grants were exempt from the registration requirements of the Securities Act based on the exemption provided in Section 4(a)(2) of the Securities Act. Issuer Purchases of Equity Securities None. Item 6. Reserved 51