Ellington Financial Announces Estimated Book Value Per Common Share as of February 28, 2025

Rhea-AI Summary

Ellington Financial (NYSE: EFC) has reported its estimated book value per common share at $13.39 as of February 28, 2025. This estimate accounts for the previously announced monthly dividend of $0.13 per share of common stock, which was paid on March 25, 2025 to shareholders of record on February 28, 2025.

Positive

• Monthly dividend payment of $0.13 per share maintained

Negative

• None.

Insights

Financial Analyst

Ellington Financial's announcement of a $13.39 estimated book value per share as of February 28, 2025 represents a key valuation metric for this mortgage REIT. The figure includes the effect of the $0.13 monthly dividend paid on March 25.

What's particularly noteworthy is how closely the current market price ($13.36) aligns with the reported book value - a mere 0.2% discount. This near-parity between market price and book value indicates efficient market pricing of EFC's underlying assets.

For mortgage REITs, book value serves as a critical performance benchmark as it reflects the net asset value of the company's investment portfolio. The monthly dividend of $0.13 per share translates to an annualized yield of approximately 11.7% at current prices.

This update provides shareholders with timely confirmation that EFC's net asset value remains stable and supportive of its current dividend policy. While routine in nature, this regular reporting practice enhances transparency for investors tracking the relationship between EFC's market price and its underlying asset value.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) ("we") today announced an estimated book value per share of common stock of $13.39 as of February 28, 2025. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, paid on March 25, 2025 to holders of record on February 28, 2025, with the same ex-dividend date.

Cautionary Statement Regarding Forward-Looking Statements

Estimated book value per common share is subject to change upon completion of our month-end and quarter-end valuation procedures relating to our investment positions, and any such change could be material. There can be no assurance that our estimated book value per common share as of February 28, 2025 is indicative of what our results are likely to be for the three-month period ending March 31, 2025 or in future periods, and we undertake no obligation to update or revise our 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. Our actual results may differ from our 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. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from our forward-looking statements: changes in interest rates and the market value of our investments, market volatility, changes in mortgage default rates and prepayment rates, our ability to borrow to finance our assets, changes in government regulations affecting our business, our ability to maintain our exclusion from registration under the Investment Company Act of 1940, our ability to maintain our qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K, which can be accessed through our 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 or implied may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake 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 and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327767694/en/

Investors:

Ellington Financial

Investor Relations

(203) 409-3575

info@ellingtonfinancial.com



or



Media:

Amanda Shpiner/Grace Cartwright

Gasthalter & Co.

for Ellington Financial

(212) 257-4170

ellington@gasthalter.com

Source: Ellington Financial Inc.

FAQ

What is Ellington Financial's (EFC) estimated book value per share as of February 2025?

EFC's estimated book value per share is $13.39 as of February 28, 2025.

When will EFC pay its monthly dividend for February 2025?

EFC paid its monthly dividend of $0.13 per share on March 25, 2025 to shareholders of record as of February 28, 2025.

How much is EFC's monthly dividend payment in February 2025?

EFC's monthly dividend payment is $0.13 per share of common stock.

What is the record date for EFC's February 2025 dividend?

The record date for EFC's February 2025 dividend is February 28, 2025.