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Ellington Financial Announces Estimated Book Value Per Common Share as of June 30, 2022

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $16.22 as of June 30, 2022. This figure includes the impact of a monthly dividend of $0.15 per share, scheduled for payment on July 25, 2022, to stockholders on record as of June 30, 2022. The company cautions that this estimated book value is subject to significant changes following month-end and quarter-end valuations, and actual results may vary due to various factors, including market conditions and regulatory changes.

Positive
  • Estimated book value per share at $16.22 as of June 30, 2022.
  • Monthly dividend of $0.15 per share scheduled for July 25, 2022.
Negative
  • Estimated book value is subject to change, indicating potential volatility.
  • No assurance that the book value reflects future performance.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $16.22 as of June 30, 2022. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on July 25, 2022 to holders of record on June 30, 2022, with an ex-dividend date of June 29, 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 June 30, 2022 is indicative of what the Company's results are likely to be for the three-month period or six-month period ending June 30, 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 for EFC as of June 30, 2022?

The estimated book value per share for Ellington Financial (EFC) as of June 30, 2022, is $16.22.

What is the dividend payment date for EFC in July 2022?

The dividend payment date for Ellington Financial (EFC) is July 25, 2022.

What is the amount of the dividend declared by EFC?

Ellington Financial (EFC) declared a monthly dividend of $0.15 per share.

What does the estimated book value per share indicate for EFC?

The estimated book value per share indicates the company's value per share based on its net assets, but is subject to change.

What factors could affect EFC's estimated book value per share?

EFC's estimated book value may fluctuate due to changes in interest rates, market conditions, and regulatory changes.

Ellington Financial Inc.

NYSE:EFC

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1.10B
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3.59%
56.19%
4.75%
REIT - Mortgage
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United States of America
Greenwich