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Ellington Financial Announces Estimated Book Value Per Common Share as of March 31, 2022

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $17.74 as of March 31, 2022. This figure incorporates a monthly dividend of $0.15 per share, payable on April 25, 2022, to holders of record on March 31, 2022. The company cautions that its estimated book value may change following its month-end and quarter-end valuation procedures. There is no assurance that this estimate will reflect actual results for future periods, given various market and economic factors.

Positive
  • Estimated book value per share is $17.74 as of March 31, 2022.
  • Monthly dividend of $0.15 is scheduled for distribution.
Negative
  • Estimated book value per share is subject to significant change, indicating potential instability.
  • Forward-looking statements carry inherent risks and uncertainties, which may not materialize as expected.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $17.74 as of March 31, 2022. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on April 25, 2022 to holders of record on March 31, 2022, with an ex-dividend date of March 30, 2022.

Cautionary Statements

Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's estimated book value per common share as of March 31, 2022 is indicative of what the Company's results are likely to be for the three-month period ending March 31, 2022 or in future periods, and the Company undertakes no obligation to update or revise its estimated book value per common share prior to issuance of financial statements for such periods.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company's actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek" or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Examples of forward-looking statements in this press release include statements regarding the Company's book value per common share. The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's investments, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940, the Company's ability to maintain its qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends, including changes resulting from the economic effects related to the COVID-19 pandemic, and associated responses to the pandemic. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of the Company's Annual Report on Form 10-K, which can be accessed through the Company's website at www.ellingtonfinancial.com or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.

About Ellington Financial

Ellington Financial invests in a diverse array of financial assets, including residential and commercial 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, 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.

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.

FAQ

What is the estimated book value per share of Ellington Financial as of March 31, 2022?

The estimated book value per share of Ellington Financial as of March 31, 2022, is $17.74.

When will the dividend for Ellington Financial be paid?

The dividend of $0.15 per share will be paid on April 25, 2022, to holders of record on March 31, 2022.

What risks are associated with the forward-looking statements in Ellington Financial's press release?

The forward-looking statements may differ from actual results due to risks such as changes in interest rates and market dynamics.

What should investors know about the book value estimation for Ellington Financial?

The estimated book value per common share may change significantly and does not guarantee future results.

Ellington Financial Inc.

NYSE:EFC

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