Securitization Transactions (Tables)

The following table details the Company’s investments in notes issued by the Ellington-sponsored CLO Securitizations:

CLO Issuer⁽¹⁾

CLO Pricing Date

CLO Closing Date

Total Face Amount of Notes Issued

Face Amount of Notes Initially Purchased

Aggregate Purchase Price

Notes Held⁽³⁾ as of

June 30,

2018

December 31, 2017

(In thousands)

CLO I Issuer⁽²⁾

5/17

6/17

373,550

36,606

⁽⁴⁾

35,926

18,215

⁽⁵⁾

24,299

⁽⁶⁾

CLO II Issuer

12/17

1/18

452,800

18,223

⁽⁷⁾

16,621

16,806

⁽⁶⁾

13,395

⁽⁶⁾

CLO III Issuer

6/18

7/18

407,100

35,480

⁽⁷⁾

32,394

22,505

⁽⁸⁾

—


(1)	The Company does not have the power to direct the activities of the CLO Issuers that most significantly impact their economic performance.


(2)	Excludes the Company's equity investment in the CLO I Risk Retention Vehicle, as discussed above.


(3)	Included on the Company's Consolidated Condensed Schedule of Investments in Collateralized Loan Obligations.


(4)	The Company purchased secured and unsecured subordinated notes.


(5)	Includes unsecured subordinated notes.


(6)	Includes secured and unsecured subordinated notes.


(7)	The Company purchased secured senior and secured and unsecured subordinated notes.


(8)	Includes secured senior and secured and unsecured subordinated notes.

The following table details the assets and liabilities of the consolidated securitization trust included in the Company’s Consolidated Statement of Assets, Liabilities, and Equity as of June 30, 2018 and December 31, 2017:



	As of
(In thousands)	June 30, 2018		December 31, 2017
Assets:
Cash and cash equivalents	$	—	$	333
Investments, at fair value	107,856		132,424
Interest and dividends receivable	37		—
Liabilities:
Interest and dividends payable	37		333
Other secured borrowings, at fair value	101,100		125,105