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Ellington Financial Inc. - EFC STOCK NEWS

Welcome to our dedicated page for Ellington Financial news (Ticker: EFC), a resource for investors and traders seeking the latest updates and insights on Ellington Financial stock.

Ellington Financial Inc. (EFC) is a specialty finance company headquartered in Columbus, Ohio. With a focus on generating attractive, risk-adjusted returns for its shareholders, Ellington Financial Inc. operates through two main segments: the Investment Portfolio Segment and the Longbridge Segment.

The Investment Portfolio Segment is dedicated to investing in a diverse array of financial assets. These include residential and commercial mortgage loans, residential mortgage-backed securities (RMBS), non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. This segment aims to leverage the company's expertise in asset management and financial markets to deliver consistent returns.

The Longbridge Segment focuses on the origination and servicing of reverse mortgage loans. The company acquires these loans both through its origination activities and through secondary market purchases, providing a significant stream of income and growth opportunities. This segment underscores Ellington Financial Inc.’s commitment to addressing the financial needs of an aging population by offering solutions that help senior homeowners convert part of the equity in their homes into cash.

Ellington Financial Inc. continues to build on its strong foundation by seeking out new partnerships and investing in innovative products. The company’s strategic approach and diversified portfolio help to mitigate risks and capitalize on market opportunities.

Recent achievements include enhanced portfolio performance and strategic acquisitions that have bolstered the company's market position. Financially, Ellington Financial Inc. remains robust, with a well-capitalized balance sheet and a disciplined investment strategy that aims to maximize shareholder value.

News

Ellington Financial Declares Monthly Common Dividend

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Ellington Financial Inc. (NYSE: EFC) declares a monthly dividend of $0.15 per share of common stock, payable on February 26, 2024, to stockholders of record as of January 31, 2024.
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Ellington Financial Announces Estimated Book Value Per Common Share as of November 30, 2023

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of common stock of $14.06 as of November 30, 2023, including the effects of monthly dividends of $0.15 and $0.06 per share, payable on December 26, 2023, and December 13, 2023, respectively.
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Ellington Financial Declares Common and Preferred Dividends

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Ellington Financial Inc. (NYSE: EFC) announces monthly and quarterly dividends for common and preferred stockholders, including $0.09 per share of common stock payable on January 25, 2024, and various quarterly dividends for preferred stockholders.
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Ellington Financial Completes Merger With Arlington Asset Investment Corp.

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Ellington Financial Inc. (NYSE: EFC) has completed a merger with Arlington Asset Investment Corp., increasing scale and strengthening access to capital markets. The combined company will continue to trade on the NYSE under the ticker symbol 'EFC'. Laurence Penn, CEO of Ellington Financial, expects the merger to drive earnings accretion in 2024.
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Arlington Asset Investment Corp. Announces Intention to Delist Notes from the NYSE

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Arlington Asset Investment Corp. (NYSE: AAIC) has announced its intention to voluntarily delist and deregister its 6.75% Senior Notes due 2025 and 6.000% Senior Notes due 2026 from the New York Stock Exchange (NYSE) in connection with the anticipated merger transaction with Ellington Financial Inc. (NYSE: EFC). The merger is expected to close on December 14, 2023, subject to the satisfaction of closing conditions. Following the merger, Arlington believes that the costs of compliance and resources required to maintain the listing of the Senior Notes on the NYSE will exceed the benefits, leading to the decision to delist and deregister the Senior Notes.
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Arlington Asset Investment Corp. Shareholders Approve Merger with Ellington Financial Inc.

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Arlington Asset Investment Corp. (NYSE: AAIC) shareholders have approved the merger with Ellington Financial Inc. (NYSE: EFC) with an overwhelming 98.2% of votes cast in favor. The merger is expected to result in the conversion of Arlington Common Stock into Ellington Financial common stock and cash consideration. The deal also involves the conversion of Arlington's preferred stock into newly-designated Ellington Financial preferred stock. The merger is anticipated to close on December 14, 2023, pending the satisfaction of closing conditions outlined in the Merger Agreement.
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Ellington Financial Declares Interim Monthly Dividend of $0.06 Per Share

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Ellington Financial Inc. (NYSE: EFC) declared an interim monthly dividend of $0.06 per share of common stock, payable on December 13, 2023, to stockholders of record as of December 8, 2023. The dividend is in connection with the pending merger with Arlington Asset Investment Corp. and is calculated pursuant to the terms of the Merger Agreement. The Merger is expected to close on December 14, 2023, as stated in the proxy statement/prospectus filed with the SEC on November 3, 2023.
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Ellington Financial Announces Estimated Book Value Per Common Share as of October 31, 2023

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Ellington Financial Inc. (EFC) reports an estimated book value per share of common stock at $14.10 as of October 31, 2023. The company also announces a monthly dividend of $0.15 per share, payable on November 27, 2023, to holders of record on October 31, 2023, with an ex-dividend date of October 30, 2023.
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Ellington Financial Declares Monthly Common Dividend

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Ellington Financial Inc. (NYSE: EFC) Declares $0.15 Monthly Dividend, Payment on December 26, 2023
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Ellington Financial Inc. Reports Third Quarter 2023 Results

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Ellington Financial Inc. (NYSE: EFC) reported Q3 2023 financial results with net income of $6.6 million, or $0.10 per common share, and Adjusted Distributable Earnings of $22.5 million, or $0.33 per common share. The company's book value per common share as of September 30, 2023, was $14.33.
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FAQ

What is the current stock price of Ellington Financial (EFC)?

The current stock price of Ellington Financial (EFC) is $12.13 as of December 20, 2024.

What is the market cap of Ellington Financial (EFC)?

The market cap of Ellington Financial (EFC) is approximately 1.1B.

What does Ellington Financial Inc. do?

Ellington Financial Inc. is a specialty finance company that invests in a variety of financial assets and services reverse mortgage loans.

What are the main segments of Ellington Financial Inc.?

The main segments are the Investment Portfolio Segment and the Longbridge Segment.

Where is Ellington Financial Inc. headquartered?

The company is headquartered in Columbus, Ohio, United States.

What is the primary investment objective of Ellington Financial Inc.?

The primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders.

What assets does the Investment Portfolio Segment focus on?

It focuses on residential and commercial mortgage loans, RMBS, non-mortgage- and mortgage-related derivatives, and debt and equity in loan origination companies.

What does the Longbridge Segment specialize in?

The Longbridge Segment specializes in the origination and servicing of reverse mortgage loans.

How does Ellington Financial Inc. acquire reverse mortgage loans?

The company acquires reverse mortgage loans both through its origination activities and through secondary market purchases.

What recent achievements has Ellington Financial Inc. made?

Recent achievements include enhanced portfolio performance and strategic acquisitions that have bolstered the company's market position.

What is Ellington Financial Inc.'s financial condition?

Ellington Financial Inc. maintains a robust financial condition with a well-capitalized balance sheet and a disciplined investment strategy.

What is unique about Ellington Financial Inc.'s approach?

Ellington Financial Inc. employs a strategic approach with a diversified portfolio to mitigate risks and capitalize on market opportunities.

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Ellington Financial Inc.

NYSE:EFC

EFC Rankings

#2454 Ranked by Market Cap
#94 Ranked by Dividends

EFC Stock Data

1.10B
87.41M
3.59%
56.19%
4.75%
REIT - Mortgage
Real Estate
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United States of America
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