Ellington Financial Inc - EFC STOCK NEWS

Ellington Financial announced an estimated book value per common share of $18.47 as of June 30, 2021. This estimate accounts for a monthly dividend of $0.15 per common share, payable on July 26, 2021. The ex-dividend date is June 29, 2021. The company cautioned that the estimated book value is subject to change and may not reflect actual results for future periods. Factors affecting future results include interest rate changes, market value fluctuations, and economic conditions related to the COVID-19 pandemic.

Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on August 25, 2021, to stockholders recorded as of July 30, 2021. Additionally, a quarterly dividend of $0.421875 is declared on its 6.750% Series A Fixed-to-Floating Rate Preferred Stock, payable on July 30, 2021 to preferred stockholders of record as of July 19, 2021. The company cautions that forward-looking statements regarding dividends and financial performance are subject to numerous risks and uncertainties.

Ellington Financial announced an underwritten public offering of 6,000,000 shares at $18.22 per share, with a 30-day option for underwriters to purchase an additional 900,000 shares. The offering is expected to close on July 9, 2021.

The net proceeds will be utilized to acquire targeted assets and for general corporate purposes. The shares will be issued under an existing shelf registration statement. The press release includes forward-looking statements, highlighting risks and uncertainties that may affect the offering's completion and the use of proceeds.

Ellington Financial (NYSE: EFC) has initiated an underwritten public offering of 7,500,000 shares of common stock, with an over-allotment option for an additional 1,125,000 shares. The proceeds will be utilized for acquiring targeted assets, working capital, and general corporate purposes. The offering will utilize an existing shelf registration effective from April 9, 2021. Joint book-running managers include Morgan Stanley, UBS, BofA, JMP Securities, and Keefe Bruyette & Woods.

Ellington Financial reported an estimated book value per common share of $18.23 as of May 31, 2021, inclusive of the upcoming monthly dividend of $0.15. The dividend is set to be paid on June 25, 2021, to shareholders recorded by May 28, 2021, with an ex-dividend date of May 27, 2021. The press release emphasizes that this estimated book value may fluctuate and is not necessarily indicative of future performance due to various risks, including market conditions and regulatory factors.

Ellington Financial announced the closing of a $331.8 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., in which Ellington has a strategic equity investment. The securitization received AAA ratings for the senior tranche from both Fitch and KBRA. The company retained certain tranches to comply with credit risk retention rules and has the option to call the securitization after the optional redemption date.

Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, scheduled for payment on July 26, 2021. Stockholders must be on record by June 30, 2021 to receive this dividend. The Company engages in a diverse array of investments, including mortgage loans and securities. However, investors are cautioned to consider potential risks affecting the company's performance, including fluctuations in interest rates and changes in mortgage default rates, which may impact future dividends.

Ellington Financial (NYSE: EFC) reported an estimated book value per common share of $18.21 as of April 30, 2021. This figure includes a monthly dividend of $0.14, payable on May 25, 2021, to shareholders on record as of April 30, 2021, with an ex-dividend date of April 29, 2021. The company cautions that the estimated book value is subject to change pending final valuations and may not be indicative of future performance due to various risks, including interest rate fluctuations and economic conditions, particularly those stemming from the COVID-19 pandemic.

Ellington Financial (NYSE: EFC) announced a monthly dividend increase to $0.15 per common share, payable on June 25, 2021, to stockholders of record by May 28, 2021. This represents a 7% increase from the previous dividend of $0.14 in April, marking the fourth increase in the past twelve months and a cumulative growth of 50% this year. CEO Laurence Penn attributed the increase to stronger earnings and a larger flow of high-yielding loans for their portfolio.