Ellington Financial Declares Common and Preferred Dividends

Rhea-AI Summary

Ellington Financial Inc. (NYSE: EFC) declared a monthly dividend of $0.15 per share, payable on April 25, 2022. Additionally, it announced quarterly dividends of $0.421875 for its 6.750% Series A Preferred Stock and $0.390625 for its 6.250% Series B Preferred Stock, both payable on May 2, 2022. All dividends are for stockholders of record as of March 31, 2022. The company emphasized ongoing risks associated with forward-looking statements, including interest rate fluctuations and changes in government regulations.

Positive

• Monthly dividend of $0.15 per common share enhances shareholder income.
• Quarterly dividends for preferred stocks indicate strong cash flow management.

Negative

• Risks associated with interest rate fluctuations may impact future dividends.
• Dependence on market conditions and regulatory changes introduces uncertainty.

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 April 25, 2022 to stockholders of record as of March 31, 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 May 2, 2022 to stockholders of record as of March 31, 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 May 2, 2022 to stockholders of record as of March 31, 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/20220304005447/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 declared by Ellington Financial in March 2022?

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

When will the dividends be paid to shareholders of Ellington Financial?

The dividends will be paid on April 25, 2022, for common shares and on May 2, 2022, for preferred stocks.

What are the record dates for the dividends announced by Ellington Financial?

The record date for all dividends is March 31, 2022.

How does the dividend payout from Ellington Financial affect shareholders?

The dividend payout provides regular income to shareholders and reflects the company's financial health.

What risks are associated with the dividend payments of Ellington Financial?

Risks include fluctuations in interest rates and changes in government regulations that could affect future payouts.