Ellington Financial Announces Estimated Book Value Per Common Share as of February 28, 2023
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $15.12 as of February 28, 2023. This estimate factors in a $0.15 monthly dividend payable on March 27, 2023, with the record date set for February 28 and an ex-dividend date of February 27. The company cautioned that this estimated book value is subject to change based on its month-end valuation procedures, and may not reflect future performance. It also highlighted that actual results could differ due to various risks and uncertainties, including market conditions and regulatory changes.
- Estimated book value per share is $15.12 as of February 28, 2023.
- Monthly dividend of $0.15 per share scheduled for March 27, 2023.
- Estimated book value per share may not indicate future results.
- Company acknowledges risks that could lead to actual results differing significantly from estimates.
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
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
This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.
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