Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2023
24 Août 2023 - 11:22PM
Business Wire
Ellington Financial Inc. (NYSE: EFC) (the "Company") today
announced its estimated book value per share of common stock of
$14.49 as of July 31, 2023. This estimate includes the effect of
the previously announced monthly dividend of $0.15 per share of
common stock, payable on August 25, 2023 to holders of record on
July 31, 2023, with an ex-dividend date of July 28, 2023.
Cautionary Statement Regarding Forward-Looking Statements
Estimated book value per common share is subject to change upon
completion of the Company's month-end and quarter-end valuation
procedures relating to its investment positions, and any such
change could be material. There can be no assurance that the
Company's estimated book value per common share as of July 31, 2023
is indicative of what the Company's results are likely to be for
the three- or nine-month periods ending September 30, 2023 or in
future periods, and the Company undertakes no obligation to update
or revise its estimated book value per common share prior to
issuance of financial statements for such periods.
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. Forward-looking statements are based on our
beliefs, assumptions and expectations of our future operations,
business strategies, performance, financial condition, liquidity
and prospects, taking into account information currently available
to us. These beliefs, assumptions, and expectations are subject to
risks and uncertainties and can change as a result of many possible
events or factors, not all of which are known to us. If a change
occurs, our business, financial condition, liquidity, results of
operations and strategies may vary materially from those expressed
or implied in our forward-looking statements. The following factors
are examples of those that could cause actual results to vary from
our forward-looking statements: changes in interest rates and the
market value of the Company's investments, market volatility,
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
complete each of its previously announced mergers with Arlington
Asset Investment Corp. and Great Ajax Corp. a timely manner or at
all and the Company's ability achieve the cost savings and
efficiencies, operating efficiencies, synergies and other benefits,
including the increased scale, and avoid potential business
disruption from each such previously announced merger, 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.
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,
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230824953650/en/
Investors: Ellington Financial 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
Ellington Financial (NYSE:EFC)
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