Ellington Financial Inc Stock Price, News & Analysis

Ellington Financial Inc. (NYSE: EFC) has successfully closed a $330 million securitization backed by non-qualified residential mortgage loans. The firm contributed around 53% of the loans in this securitization, while the remainder was provided by funds managed by Ellington Management Group. The securitization has received favorable ratings, with the senior tranche earning AAA ratings from both Fitch and KBRA. This move strengthens Ellington Financial's position in the market, highlighting its strategic involvement in mortgage-backed securities.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, which will be paid on March 27, 2023. The record date for stockholders is February 28, 2023. This dividend reflects the company's ongoing commitment to returning value to its shareholders, as it continues to navigate a complex economic environment. Additionally, the company manages a diverse portfolio of financial assets, including mortgage loans and various securities, under the guidance of Ellington Financial Management LLC.

Ellington Financial Inc. (NYSE: EFC) has announced a public offering of 4 million shares of its 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, priced at $25 per share, aiming for gross proceeds of $100 million. Underwriters have an option to purchase an additional 600,000 shares for over-allotments. The offering, expected to close around February 6, 2022, will use the net proceeds for asset acquisition and general corporate purposes. The Series C shares will be listed on the New York Stock Exchange under the symbol 'EFC PR C.'

Ellington Financial has announced the commencement of an underwritten public offering of its Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, aimed at acquiring targeted assets. The Company will apply to list the Series C Preferred Stock on the NYSE under the ticker 'EFC PR C.' Proceeds will also support working capital and general corporate purposes. The offering will be made under an existing shelf registration statement effective since January 24, 2023. Piper Sandler & Co. is the sole bookrunning manager for this offering.

Ellington Financial Inc. (NYSE: EFC) announced the posting of federal income tax treatment information for distributions paid in 2022 on its common and preferred stock. Investors can access details via specific links provided for common, Series A, and Series B preferred stock distributions. This communication aims to inform shareholders about their tax obligations related to earnings distributions.

Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $15.05 as of December 31, 2022, incorporating the monthly dividend of $0.15 per share, set to be paid on January 25, 2023. This dividend is for shareholders on record as of December 30, 2022, with an ex-dividend date of December 29, 2022. The company cautioned that this estimate may change upon further valuation procedures, and actual results may fluctuate due to various economic factors, including interest rates and market conditions.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on February 27, 2023 to stockholders of record as of January 31, 2023. The payment reflects the company's commitment to returning value to shareholders. Investors should note the cautionary statements regarding forward-looking projections and the associated risks. For further details, please refer to the company's filings with the SEC.

Ellington Financial Inc. (NYSE: EFC) has successfully closed a $365 million securitization backed by non-qualified residential mortgage loans. Ellington Financial contributed approximately 85% of the loans in the securitization, with the remainder provided by a managed fund. The securitization received AAA ratings for its senior tranche from Fitch and KBRA, highlighting its strong credit quality. This move enhances Ellington's financial stability by diversifying its asset base and demonstrates confidence in the non-QM loan market.

Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $14.89 as of November 30, 2022. This figure includes the monthly dividend of $0.15 per share, scheduled for payment on December 27, 2022. The estimated book value is subject to change based on the Company’s month-end and quarter-end valuation procedures, and may not accurately predict future financial results. Investors are warned of potential fluctuations due to various risks, including interest rate changes and market conditions.