Ellington Credit Co — Director's Dealing 2013

May 16, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Ellington Residential Mortgage REIT (EARN)
CIK: 0001560672
Period of Report: 2013-05-06

Reporting Person: Vranos Michael W (Director, Co-Chief Investment Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	127779	Indirect

Footnotes

F1: Represents common shares held directly by EMG Holdings, L.P., or "EMGH," VC Investments L.L.C., or "VC," and Michael W. Vranos each has shared voting and dispositive power over these shares. VC is the general partner of EMGH. Mr. Vranos is the managing member of, and holds a controlling interest in VC. Each of VC Investments, EMG Holdings and Mr. Vranos disclaims beneficial
ownership of these shares except to the extent of it or his pecuniary interest therein.