Ellington Financial Declares Common and Preferred Dividends

Rhea-AI Summary

Ellington Financial Inc. (NYSE: EFC) has declared a $0.15 monthly dividend for common shares, payable on July 25, 2022, for stockholders on record by June 30, 2022. Additionally, the company will pay a quarterly dividend of $0.421875 for Series A Preferred Stock and $0.390625 for Series B Preferred Stock, both payable on August 1, 2022, also to shareholders on record as of June 30, 2022. These actions reflect the company’s ongoing commitment to providing returns to its investors.

Positive

• Monthly dividend of $0.15 per common share reflects strong cash flow.
• Quarterly dividends of $0.421875 and $0.390625 on preferred stocks indicate solid financial position.

Negative

• None.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.15 per common share, payable on July 25, 2022 to stockholders of record as of June 30, 2022; (ii) 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 August 1, 2022 to stockholders of record as of June 30, 2022; and (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on August 1, 2022 to stockholders of record as of June 30, 2022.

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, 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/20220607005926/en/

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 dividend amount for Ellington Financial (EFC) for July 2022?

Ellington Financial (EFC) declared a monthly dividend of $0.15 per common share for July 2022.

When will Ellington Financial (EFC) pay its dividends?

The monthly dividend for common shares is payable on July 25, 2022, and the quarterly dividends for preferred stocks are payable on August 1, 2022.

Who is eligible for the dividends declared by Ellington Financial (EFC)?

Stockholders of record as of June 30, 2022, are eligible for the declared dividends.

How often does Ellington Financial (EFC) pay dividends?

Ellington Financial pays a monthly dividend on common shares and quarterly dividends on preferred shares.