Welcome to our dedicated page for Ellington Financial news (Ticker: EFC), a resource for investors and traders seeking the latest updates and insights on Ellington Financial stock.
Ellington Financial Inc. (NYSE: EFC) is a specialty finance company that regularly releases news on its investment activities, portfolio performance, capital markets transactions, and shareholder distributions. Company press releases and related Form 8-K filings provide updates on its diverse investments in residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, and other mortgage-related and non-mortgage-related derivatives and strategic investments.
News for Ellington Financial often highlights dividend declarations on its common and preferred stock, including monthly common dividends and quarterly preferred dividends approved by its Board of Directors. The company also publishes estimated book value per common share as of specific month-ends, and reports quarterly financial results for its Investment Portfolio and Longbridge segments, detailing contributions from credit and Agency strategies and from the Longbridge reverse mortgage business.
Investors following EFC news can also see announcements about senior unsecured notes offerings, including the issuance and closing of notes due 2030, as well as updates on equity distribution agreements that support an at-the-market common stock offering program. Additional releases cover the timing of quarterly earnings releases, conference calls, and investor presentations, with details on how to access those events.
This news page aggregates Ellington Financial’s publicly released information so readers can review company communications on dividends, estimated book value, earnings, financing transactions, and other material events as disclosed in press releases and SEC filings.
Ellington Financial (NYSE: EFC) will release its financial results for Q4 2021 on February 23, 2022, after market close. A conference call to discuss these results is scheduled for February 24, 2022, at 11:00 a.m. ET. Callers can dial (877) 876-9173 and reference code EFCQ421 for participation. A replay will be available from 2:00 p.m. on February 24 until March 3. An investor presentation will also be posted on its website after the earnings release.
Ellington Financial Inc. (NYSE: EFC) has announced the publication of federal income tax treatment information for distributions paid in 2021 on its common and preferred stock. This crucial information can be found on the company’s website via links for the common stock, Series A preferred stock, and Series B preferred stock. The company is actively engaged in a broad range of financial investments, including mortgage loans and asset-backed securities, and is externally managed by Ellington Financial Management LLC.
Ellington Financial Inc. (NYSE: EFC) announced the successful closure of a $417 million securitization backed by non-qualified residential mortgage (non-QM) loans, primarily acquired from LendSure Mortgage Corp. The securitization's senior tranche achieved AAA ratings from Fitch and KBRA. To comply with credit risk retention rules, the Company retained certain tranches and holds the option to call the securitization post-redemption date. This move reflects Ellington's strategy to enhance its investment portfolio in diverse financial assets.
Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $18.39 as of December 31, 2021. This estimate reflects the adjustment due to the monthly dividend of $0.15 per common share, payable on January 25, 2022. Shareholders of record as of December 30, 2021, will receive this payment, with an ex-dividend date set for December 29, 2021. The company cautions that this book value estimate may change significantly following month-end and quarter-end valuations.
Ellington Financial Inc. (NYSE: EFC) has announced a strategic partnership with Sheridan Capital, LLC, involving an equity investment in the commercial real estate bridge loan originator. Sheridan Capital's Principal, Aaron Kurlansky, emphasized the partnership’s potential to enhance their unique loan offerings. CEO Laurence Penn highlighted over a decade of successful collaboration with Sheridan, which is known for its efficient financing solutions. In 2021, Sheridan originated over $575 million in senior commercial mortgage loans, showcasing its industry standing.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of
Ellington Financial Inc. (NYSE: EFC) announced its estimated book value per share of
Ellington Financial Inc. (NYSE: EFC) announced the pricing of an underwritten public offering of 4,400,000 shares of 6.250% Series B Preferred Stock, amounting to gross proceeds of $110 million. An additional 660,000 shares may be available to underwriters for over-allotments. The offering intends to close on December 13, 2021, pending customary conditions, and the proceeds will primarily be used for acquiring targeted assets and general corporate purposes. The Series B Preferred Stock will be listed under the symbol 'EFC PR B' on the New York Stock Exchange.
Ellington Financial Inc. (NYSE: EFC) has initiated an underwritten public offering of Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, which it plans to list on the New York Stock Exchange under the symbol 'EFC PR B.' The proceeds will be utilized to acquire targeted assets and for general corporate purposes. Piper Sandler & Co. is the sole bookrunning manager for the offering. This action follows the company's existing shelf registration statement effective since April 9, 2021. The offering will be conducted through a prospectus filed with the SEC.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, scheduled for payment on January 25, 2022. This dividend will be issued to stockholders of record as of December 30, 2021. Additionally, a quarterly dividend of $0.421875 will be paid on the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also to record holders as of December 30, 2021, with a payment date of January 31, 2022.