Ellington Residential Mortgage REIT (EARN) officially disclosed its public offering plan to issue senior unsecured notes with a total principal amount of $50 million.

The note has a coupon rate of 8.50% and matures in 2031. This issuance injects new vitality into the capital market and highlights the company's strategic focus on optimizing its capital structure. The introduction of high-yield notes is expected to attract institutional investors seeking stable returns, while also providing financial support for the company's long-term development.