Ellington Residential Mortgage REIT a real estate investment trust specializes in acquiring investing in and managing residential mortgageand real estaterelated assets It acquires and manages residential mortgagebacked securities RMBS including agency pools and agency collateralized mortgage obligations CMOs and nonagency RMBS comprising nonagency CMOs such as investment grade and noninvestment grade The company has elected to be taxed as a real estate investment trust As a result it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich Connecticut