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Ellington Credit Company (NYSE: EARN) provided June 30 2025 data for its newly converted CLO-focused closed-end fund (inception 4/1/25).

• NAV: $6.09-$6.15; share price: $5.75, representing a 6 % discount and $216 mm market cap on 37.6 mm shares.
• Distribution: $0.08 per share paid monthly (annualized 16.7 %); board may change and payments can include return of capital.
• Portfolio size: $353.9 mm; CLO holdings $316.9 mm split 53 % equity ($168.1 mm) and 47 % debt ($148.8 mm). U.S. exposure dominates (87 %).
• Underlying loans: 2,205 issuers, 94.7 % senior-secured, avg spread 3.34 %, B+/B rating, 4.2-yr WAM, junior OC cushion 4.58 %.
• Performance: total return 3.74 % since June 2025 and 10.90 % since fund inception, beating ICE BofA HY (1.86 % / 3.57 %) and LSTA Loan Index (0.80 % / 2.31 %).
• Manager: externally advised by Ellington Management Group (AUM $14.9 bn).

Filings stress high-yield credit risk, potential return-of-capital dividends, pricing volatility of closed-end funds and the speculative nature of CLO equity/mezzanine investments.

Ikena Oncology (IKNA) filed an 8-K announcing its board has declared a one-time special dividend of one contingent value right (CVR) for every outstanding share held as of the close of business on 24 Jul 2025. The CVRs are being issued in connection with the previously disclosed two-step merger with Inmagene Biopharmaceuticals.

Under the contemplated CVR Agreement, holders will receive (i) 100% of net proceeds, if any, from milestone, royalty or earn-out payments tied to dispositions of IKNA鈥檚 pre-merger assets and (ii) 90% of net proceeds from dispositions executed within one year after closing, both after permitted deductions (taxes, expenses, litigation and wind-down costs). If no such proceeds arise during the CVR term, the CVRs will expire worthless.

The merger structure remains unchanged: Merger Sub I merges into Inmagene, followed immediately by Inmagene into Merger Sub II, creating a wholly-owned subsidiary of IKNA. Forward-looking statements caution that closing conditions, expense control, legal proceedings and asset-sale milestones may affect both the merger and any CVR payout.

Lockheed Martin Corporation (LMT) filed a Form 8-K on July 22 2025 to furnish its second-quarter 2025 earnings release.

• Item 2.02 鈥� Results of Operations and Financial Condition: The company issued a news release on the same date covering results for the quarter ended June 29 2025. The release is attached as Exhibit 99.1 and is furnished, not filed, under the Exchange Act.
• Item 9.01 鈥� Financial Statements and Exhibits: Exhibits include 99.1 (earnings press release) and 104 (cover-page Inline XBRL).

The 8-K contains no quantitative financial metrics, outlook, or strategic commentary; investors must refer to Exhibit 99.1 for detailed results.

Foot Locker, Inc. (FL) 鈥� Form 4 insider transaction

On 07/01/2025, director Sonia Syngal received 3,364 shares of Foot Locker common stock as the stock component of her 2025 board retainer. The shares were valued at $24.50, the June 30, 2025 closing price cited for accounting purposes. Following the distribution, Syngal鈥檚 direct beneficial ownership increased to 6,915 shares. No derivative securities were involved, and the transaction was effected pursuant to normal board compensation rather than an open-market purchase.

The filing does not disclose any additional purchases, sales, or option exercises, and it contains no earnings or operational information. Because the shares were granted as compensation (not discretionary buying), the signal for investors is generally neutral鈥攊t modestly aligns director incentives with shareholders but does not necessarily indicate her view on valuation.

Foot Locker, Inc. (FL) 鈥� Form 4 insider transaction

On 07/01/2025, director Sonia Syngal received 3,364 shares of Foot Locker common stock as the stock component of her 2025 board retainer. The shares were valued at $24.50, the June 30, 2025 closing price cited for accounting purposes. Following the distribution, Syngal鈥檚 direct beneficial ownership increased to 6,915 shares. No derivative securities were involved, and the transaction was effected pursuant to normal board compensation rather than an open-market purchase.

The filing does not disclose any additional purchases, sales, or option exercises, and it contains no earnings or operational information. Because the shares were granted as compensation (not discretionary buying), the signal for investors is generally neutral鈥攊t modestly aligns director incentives with shareholders but does not necessarily indicate her view on valuation.