Ellington Financial Declares Common and Preferred Dividends

Rhea-AI Summary

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per share, payable on April 25, 2023, for stockholders of record as of March 31, 2023. Additionally, the company will distribute quarterly dividends for its preferred stocks: $0.421875 for Series A, $0.390625 for Series B, and $0.50313 for Series C, all payable on May 1, 2023, with the same record date. These dividends reflect Ellington Financial's strategy in diversifying its investments across mortgage and consumer-related assets.

Positive

• Monthly dividend of $0.15 per share for common stock shareholders.
• Quarterly dividends for Series A, B, and C preferred stocks show consistent income to shareholders.

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 share of common stock, payable on April 25, 2023 to stockholders of record as of March 31, 2023; (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 ("Series A preferred stockholders"), payable on May 1, 2023 to Series A preferred stockholders of record as of March 31, 2023; (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series B preferred stockholders"), payable on May 1, 2023 to Series B preferred stockholders of record as of March 31, 2023; and (iv) a quarterly dividend of $0.50313 per share on the Company's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series C preferred stockholders"), payable on May 1, 2023 to Series C preferred stockholders of record as of March 31, 2023.

Cautionary Statement Regarding Forward-Looking 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, 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 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.

About Ellington Financial

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, reverse 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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005933/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 upcoming dividend amount for Ellington Financial (EFC) common stock?

Ellington Financial has declared a monthly dividend of $0.15 per share for its common stock.

When is the payment date for Ellington Financial's (EFC) dividends?

The payment date for the common stock dividend is April 25, 2023, while preferred stock dividends will be paid on May 1, 2023.

What are the dividend amounts for Ellington Financial's preferred stocks?

The dividends for preferred stocks are $0.421875 for Series A, $0.390625 for Series B, and $0.50313 for Series C.

Who are the stockholders eligible for the upcoming dividends for EFC?

Stockholders of record as of March 31, 2023, are eligible for the upcoming dividends.

How often does Ellington Financial (EFC) pay dividends?

Ellington Financial pays monthly dividends for common stock and quarterly dividends for its preferred stocks.