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) has successfully closed a $219.7 million securitization backed by non-qualified residential mortgage loans, primarily acquired from LendSure Mortgage Corp. This marks the company’s second securitization of the year. CFO JR Herlihy praised LendSure's recovery in loan production and highlighted its excellent loan performance as crucial for Ellington's earnings. The securitization's senior tranche received AAA ratings from Fitch and KBRA, while the company retained certain tranches to comply with credit risk retention rules.
Ellington Financial Inc. (NYSE: EFC) will release its financial results for Q3 2020 on November 5, 2020, post-market close. A conference call is scheduled for November 6, 2020, at 11:00 a.m. ET to discuss the results. Investors can participate by calling (877) 241-1233, with international callers dialing (810) 740-4657, using passcode 2494293. A replay will be available from November 6 to November 20, and an investor presentation will also be posted on the company's website after the results are released. For more information, visit www.ellingtonfinancial.com.
Ellington Financial has declared a monthly dividend of $0.09 per common share, payable on November 25, 2020. The dividend is for stockholders of record as of October 30, 2020. Additionally, a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Preferred Stock will be paid on October 30, 2020. The estimated book value per common share is reported at $16.44 as of September 30, 2020, reflecting the impact of the announced monthly dividends.