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Ellington Financial Announces Estimated Book Value Per Common Share as of September 30, 2024

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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) ha annunciato il suo valore contabile stimato per azione comune di $13.66 al 30 settembre 2024. Questa stima include il dividendo mensile precedentemente annunciato di $0.13 per azione, che sarà pagato il 25 ottobre 2024 agli azionisti registrati al 30 settembre 2024.

Ellington Financial (NYSE: EFC) ha anunciado su valor contable estimado por acción común de $13.66 al 30 de septiembre de 2024. Esta estimación incorpora el dividendo mensual previamente anunciado de $0.13 por acción, que se pagará el 25 de octubre de 2024 a los accionistas registrados al 30 de septiembre de 2024.

Ellington Financial (NYSE: EFC)는 2024년 9월 30일 기준으로 보통주당 추정 장부가액이 $13.66라고 발표했습니다. 이 추정치는 2024년 9월 30일 기준 주주에게 지급될 $0.13의 월 배당금을 포함하고 있으며, 배당금은 2024년 10월 25일에 지급될 예정입니다.

Ellington Financial (NYSE: EFC) a annoncé sa valeur comptable estimée par action ordinaire de $13.66 au 30 septembre 2024. Cette estimation inclut le dividende mensuel précédemment annoncé de $0.13 par action, qui sera versé le 25 octobre 2024 aux actionnaires enregistrés au 30 septembre 2024.

Ellington Financial (NYSE: EFC) hat seinen geschätzten Buchwert pro Stammaktie von $13.66 zum 30. September 2024 bekannt gegeben. Diese Schätzung berücksichtigt die zuvor bekannt gegebene monatliche Dividende von $0.13 pro Aktie, die am 25. Oktober 2024 an die zum 30. September 2024 registrierten Aktionäre ausgezahlt wird.

Positive
  • Maintaining consistent monthly dividend payment of $0.13 per share
  • Book value per share stands at $13.66
Negative
  • None.

Insights

The estimated book value per share of $13.66 for EFC as of September 30, 2024, represents a key metric for mortgage REIT investors. The monthly dividend of $0.13 per share maintains the company's consistent dividend policy, translating to an annualized yield of approximately 11.4% based on current market prices. The book value stability suggests effective portfolio management despite market volatility. The maintenance of both book value and dividend levels indicates resilient performance in the challenging mortgage market environment, though investors should monitor interest rate impacts on future quarters.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.66 as of September 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to holders of record on September 30, 2024, 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 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 September 30, 2024 is indicative of what the Company's results are likely to be for the three- or nine-month periods ending September 30, 2024 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. 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 the Company's investments, market volatility, 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, 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 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 or implied 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 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.

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 September 30, 2024?

Ellington Financial's estimated book value per share is $13.66 as of September 30, 2024.

When will Ellington Financial (EFC) pay its next dividend and how much is it?

Ellington Financial will pay a monthly dividend of $0.13 per share on October 25, 2024, to shareholders of record as of September 30, 2024.

What is the record date for Ellington Financial's (EFC) October 2024 dividend?

The record date for Ellington Financial's October 2024 dividend is September 30, 2024.

Ellington Financial Inc.

NYSE:EFC

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1.12B
87.41M
3.59%
56.17%
5.43%
REIT - Mortgage
Real Estate
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United States of America
Greenwich