Income Tax Treatment of 2023 Distributions of Arlington Asset Investment Corp. Announced
Ellington Financial Inc. (EFC) announced the federal income tax treatment of distributions paid in 2023 on Arlington Asset Investment Corp.'s preferred stock and the Form 8937 related to the merger of AAIC into a subsidiary of the Company. AAIC did not make any distributions to its common stock during the 2023 tax year.
02/01/2024 - 09:06 AM
OLD GREENWICH, Conn. --(BUSINESS WIRE)--
Ellington Financial Inc. (NYSE: EFC) (the "Company"), as successor to Arlington Asset Investment Corp. (“AAIC”)1 , today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2023 on AAIC’s preferred stock, and the Form 8937 relating to the merger of AAIC into a subsidiary of the Company, have been posted to the Company’s website at the following links.
Common Stock: During the 2023 tax year, AAIC did not make any distributions to its common stock.
Series B Preferred Stock: https://ir.ellingtonfinancial.com/dividends-preferred-stock-series-d
Series C Preferred Stock: https://ir.ellingtonfinancial.com/dividends-preferred-stock-series-e
Form 8937: https://ir.ellingtonfinancial.com/static-files/5f62db76-a4e5-46b3-8f45-017068ed17db
About Ellington Financial Inc.
Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, reverse mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
1 AAIC merged into a wholly owned subsidiary of the Company effective 12/14/23
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131618526/en/
Investors:
Ellington Financial Inc.
Investor Relations
(203) 409-3575
info@ellingtonfinancial.com
or
Media:
Amanda Shpiner/Sara Widmann
Gasthalter & Co.
for Ellington Financial
(212) 257-4170
Ellington@gasthalter.com
Source: Ellington Financial Inc.
The ticker symbol for Ellington Financial Inc. is EFC.
The Form 8937 is related to the merger of AAIC into a subsidiary of Ellington Financial Inc.
Information about the federal income tax treatment of AAIC's preferred stock distributions in 2023 can be found on Ellington Financial Inc.'s website.
No, AAIC did not make any distributions to its common stock during the 2023 tax year.
EFC Rankings
#2697 Ranked by Stock Gains
EFC Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Finance, Investment Managers, Financial Conglomerates, Finance and Insurance, Securities and Commodity Exchanges
Country
United States
City
Old Greenwich
About EFC
ellington corp is an entertainment company located in p.o. box 218153, columbus, ohio, united states.