UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the registrant  x                            Filed by a party other than the registrant  ¨

Check the appropriate box:

¨ Preliminary Proxy Statement

¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

¨ Definitive Proxy Statement

x Definitive Additional Materials

¨ Soliciting Material Pursuant to §240.14a-12

Ellington Credit Company

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of filing fee (Check the appropriate box):

x No fee required

¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11

(1)Title of each class of securities to which transaction applies:

(2)Aggregate number of securities to which transaction applies:

(3)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4)Proposed maximum aggregate value of transaction.

(5)Total fee paid:

¨ Fee paid previously with preliminary materials.

¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2), and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number or the Form or Schedule and the date of its filing.

(1)Amount Previously Paid:

(2)Form, Schedule, or Registration Statement No.:

(3)Filing Party:

(4)Date Filed.

**** REMINDER NOTICE - IMPORTANT ****

**** PLEASE VOTE TODAY****

VOTE IN UNDER 1 MINUTE BY FOLLOWING THE INSTRUCTIONS ENCLOSED IN THIS PACKAGE

The Two Leading Independent Proxy Advisory Firms, ISS and Glass Lewis, Along with the Company’s Board of Trustees, Recommend that Ellington Credit Company Shareholders Vote “FOR” All Proposals

Dear Ellington Credit Company Shareholder:

Enclosed you will find proxy materials relating to Ellington Credit Company’s Annual Meeting of Shareholders, which has been postponed.

Because we have not yet heard from you, we are sending you this reminder notice and ask that you vote your shares today, and to vote “FOR” all proposals in accordance with the recommendation of the two leading independent proxy firms, ISS and Glass Lewis, and the Board of Trustees. As a shareholder, you have the right to vote by mail, over the Internet, or by telephone, and we are asking you to do so today to ensure that your vote is counted. Instructions on how to vote over the telephone or Internet are enclosed in this package.

Your shares cannot be represented at the Annual Meeting for purposes of allowing Ellington Credit Company to convert to a 1940 Act fund unless you either sign and return the enclosed voting form or vote by telephone or over the Internet.

Thank you for your investment in Ellington Credit Company and for voting your shares. If you have questions or need help voting your shares, please call our proxy solicitation firm, Sodali & Co LLC at 1-800-662-5200.

Sincerely yours,

Laurence Penn

Chief Executive Officer