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 declared multiple dividends for different share classes. The company announced: a monthly common stock dividend of $0.13 per share (payable January 27, 2025), and quarterly dividends for its preferred stock series: Series A ($0.641878), Series B ($0.390625), Series C ($0.5390625), and Series D ($0.4375). Additionally, EFC plans to redeem all outstanding shares of its Series E Preferred Stock on December 13, 2024, at $25.540558 per share, which includes the $25.00 liquidation preference plus $0.540558 in estimated accrued dividends.
Ellington Financial (NYSE: EFC) announced its estimated book value per common share of $13.57 as of October 31, 2024. This estimate incorporates the previously announced monthly dividend of $0.13 per share, which was paid on November 25, 2024, to shareholders of record on October 31, 2024.
Ellington Financial (NYSE: EFC) has completed a $290 million securitization backed by non-qualified residential mortgage loans. The company contributed approximately 65% of the loans, while funds managed by Ellington Management Group provided the remainder. The debt tranches received top ratings from Fitch and KBRA, with senior-most tranches achieving AAAsf and AAA (sf) ratings. EFC retained certain tranches to comply with U.S. and EU credit risk retention rules and maintained the option to call the securitization after the optional redemption date.
Ellington Financial (NYSE: EFC) has announced its Board of Directors has declared a monthly dividend of $0.13 per share of common stock. The dividend will be payable on December 26, 2024, to stockholders of record as of November 29, 2024.
Ellington Financial (NYSE: EFC) reported Q3 2024 financial results with net income of $16.2 million ($0.19 per share). The investment portfolio generated $44.0 million ($0.51 per share), with $39.2 million from credit strategy and $4.8 million from Agency strategy. Adjusted Distributable Earnings were $34.5 million ($0.40 per share). Book value per share was $13.66, with $0.39 quarterly dividends. The company maintained a 13.1% dividend yield based on $11.95 stock price, with monthly dividends of $0.13 per share. The credit portfolio expanded 19% to $3.25 billion, while Agency RMBS portfolio decreased 14% to $394.6 million.
Ellington Financial (NYSE: EFC) has announced the redemption of all 957,133 outstanding shares of its Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption is scheduled for December 13, 2024, at $25.540558 per share, comprising the $25.00 liquidation preference plus $0.540558 in estimated accrued dividends. The Series E Preferred Stock will be suspended from NYSE trading before market open on the redemption date, and all shares will be redeemed through the Depository Trust Company (DTC).
Ellington Financial (NYSE: EFC) has announced its estimated book value per common share of $13.66 as of September 30, 2024. This estimate incorporates the previously announced monthly dividend of $0.13 per share, which will be paid on October 25, 2024, to shareholders of record as of September 30, 2024.
Ellington Financial (NYSE: EFC) announced it will release its third quarter 2024 financial results after market close on November 6, 2024. The company will host a conference call to discuss the results on November 7, 2024, at 11:00 a.m. Eastern Time. Investors can participate via telephone or webcast through the company's website. A replay of the call will be available until November 14, 2024, and an investor presentation will be posted on the company's website after market close on November 6.
Ellington Financial Inc. (NYSE: EFC) has announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock. This dividend is payable on November 25, 2024 to stockholders of record as of October 31, 2024. The announcement demonstrates the company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential market fluctuations.
Ellington Financial Inc. (NYSE: EFC) has successfully completed a $288 million securitization backed by non-qualified residential mortgage (non-QM) loans. The company contributed approximately 83% of the loans in the securitization pool, with the remainder coming from funds managed by Ellington Management Group, L.L.C.
The debt tranches issued in the securitization were rated by S&P, with the senior-most tranches receiving AAA(sf) ratings. Ellington Financial retained certain tranches to comply with U.S. and EU credit risk retention rules, and also kept the option to call the securitization after the optional redemption date.
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