Ellington Financial Declares Common and Preferred Dividends

Rhea-AI Summary

Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on November 26, 2021, to stockholders of record as of October 29, 2021. Additionally, a quarterly dividend of $0.421875 per share will be paid on the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on November 1, 2021, for stockholders of record as of October 18, 2021. This announcement reflects the company's continued commitment to providing returns to its shareholders.

Positive

• Monthly dividend of $0.15 per common share indicates financial stability.
• Quarterly dividend of $0.421875 on Series A Preferred Stock shows commitment to returns.

Negative

• None.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.15 per common share, payable on November 26, 2021 to stockholders of record as of October 29, 2021, and a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on November 1, 2021 to preferred stockholders of record as of October 18, 2021.

Cautionary Statements

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 payment of dividends. 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 filed on March 16, 2021, as amended, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211007005701/en/

Investors:

Ellington Financial Inc.

Investor Relations

(203) 409-3575

info@ellingtonfinancial.com



or



Media:

Amanda Klein or Kevin FitzGerald

Gasthalter & Co.

for Ellington Financial

(212) 257-4170

Ellington@gasthalter.com

Source: Ellington Financial Inc.

FAQ

What is the dividend amount for Ellington Financial (EFC) announced in October 2021?

Ellington Financial announced a monthly dividend of $0.15 per common share.

When is the payment date for the common share dividend of EFC?

The payment date for the common share dividend is November 26, 2021.

What is the dividend for Ellington Financial's preferred stock (EFC) in October 2021?

The quarterly dividend for Ellington Financial's 6.750% Series A Preferred Stock is $0.421875 per share.

When will the preferred stock dividend for EFC be paid?

The preferred stock dividend will be paid on November 1, 2021.

Who is eligible for the EFC dividends?

Stockholders of record as of October 29, 2021, for the common share dividend and as of October 18, 2021, for the preferred stock dividend are eligible.