Fidelity Bond Filing (Form 40-17G)

[Letterhead of Ellington Credit Company]

April 6, 2026

VIA EDGAR

Securities and Exchange Commission

100 F Street NE

Washington D.C. 20549

Re: Ellington Credit Company (the "Fund"), File No.: 811-24071

Rule 17(g)-1(g) Fidelity Bond Filing

Ladies and Gentlemen:

Pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended (the "1940 Act"), enclosed for filing on behalf of the Fund please find:

i.a copy of the Fund's executed fidelity bond issued by Federal Insurance Company (a member of Chubb Group Insurance Companies) in the amount of $750,000 and endorsement thereto (attached as Exhibit A); and

ii.a secretary's certificate certifying the resolutions of the Fund's Board of Trustees, including all of the directors who are not "interested persons" of the Company as defined by Section 2(a)(19) of the 1940 Act, approving the form and amount of the fidelity bond (attached as Exhibit B).

Please be advised that the fidelity bond premium has been paid for the period from April 1, 2026 to April 1, 2027.

Sincerely,

/s/ JR Herlihy

JR Herlihy

Chief Operating Officer

Exhibit A

[Bond]

Exhibit B

SECRETARY'S CERTIFICATE

The undersigned, being duly appointed as Secretary of Ellington Credit Company (the "Fund" or "Company"), a closed-end investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"), hereby certifies that:

(i)this Certificate is being delivered to the Securities and Exchange Commission (the "SEC") in connection with the filing of the Fund's fidelity bond pursuant to Rule 17g-1 of the 1940 Act, and the SEC is entitled to rely on this certificate for purposes of the filing;

(ii)the resolutions set forth below are true and correct copies of the resolutions at a meeting of the Board of Trustees of the Fund (collectively, the "Board of Trustees"), including a majority of the directors who are not "interested persons", as defined in Section 2(a)(19) of the 1940 Act, of the Companies; and

(iii)these resolutions have not been amended or superseded in any way as of the date of this Certificate.

Approval of Fidelity Bond and T&O/E&O Insurance

WHEREAS, pursuant to Rule 17g-1 under the 1940 Act, the Company is required to maintain a fidelity bond to protect against larceny and embezzlement by its officers and employees, and the Board has reviewed the terms and coverage limits of the proposed fidelity bond (the "Fidelity Bond") in the amount, type, form and coverage shown in the enclosed board materials, including the one-year term and the $750,000 coverage;

WHEREAS, the Board has also reviewed the proposed Trustee and Officer Liability Insurance ("T&O Insurance") and Errors and Omissions Insurance ("E&O Insurance" and, together with the T&O Insurance, the "Insurance Policy") policies to provide coverage for liabilities arising from actions taken in good faith by the Company's trustees, officers, and employees in the course of performing their duties;

WHEREAS, the Board, including a majority of the Independent Trustees, has determined that the terms, coverage limits, and premiums for the Fidelity Bond, D&O Insurance, and E&O Insurance are reasonable and consistent with the Company's needs and its obligations under applicable regulations;

NOW, THEREFORE, BE IT RESOLVED, that the appropriate officers of the Company be, and each hereby is, authorized and directed to take and/or ratify all necessary action for the Company to purchase a Fidelity Bond, and the Insurance Policy; and be it

FURTHER RESOLVED, that it is the finding of the Board of the Company that the Fidelity Bond covering, among others, officers and employees of the Company in accordance with the requirements of Rule 17g-l under the 1940 Act, is reasonable in form and amount, after having given due consideration to, among other things, the value of the aggregate assets of the Company to which any person covered under the Fidelity Bond may have access, the type and terms of the arrangements made for the custody and safekeeping of the Company's assets and the nature of the securities in the Company's portfolio; and be it

FURTHER RESOLVED, that the Fidelity Bond be, and hereby is, approved by a vote of the Board (all Trustees voting) and separately by a majority of the Independent Trustees; and be it

FURTHER RESOLVED, that the appropriate officers of the Company be, and each of them hereby is, authorized and directed to cause the Company to pay the annual premium with respect to the Fidelity Bond; and be it

FURTHER RESOLVED, that the appropriate officers of the Company be, and each of them hereby is, authorized and empowered to obtain and bind the aforementioned Fidelity Bond coverage for the Company; and be it

FURTHER RESOLVED, that the Secretary of the Company shall file, or arrange for the filing of, the Fidelity Bond with the SEC and give, or arrange for the giving of, the notices required under paragraph (g) of Rule 17g-1 under the 1940 Act; and be it

FURTHER RESOLVED, that the Company's purchase of the Insurance Policy to which the Trustees, officers and employees of the Company are parties, and which provides coverage to those parties against liabilities and expenses (with certain exceptions) arising out of claims, actions or proceedings asserted or threatened against them in their respective capacities for the Company, is determined to be in the best interest of the Company; and be it

FURTHER RESOLVED, that the appropriate officers of the Company be, and each of them hereby is, authorized and directed to cause the Company to pay the annual premium with respect to the Insurance Policy; and be it

FURTHER RESOLVED, that the Trustees and the appropriate officers of the Company, or any of them, are authorized to amend the Fidelity Bond and the Insurance Policy, to make any and all payments, and to do any and all other acts, in the name of the Company and on its behalf, as they, or any of them, may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions.

IN WITNESS WHEREOF, I have set my hand this 6th day of April, 2026.

/s/ Alaael-Deen Shilleh

Alaael-Deen Shilleh

Secretary