Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2024

OLD GREENWICH, Connecticut, June 26, 2024–(BUSINESS WIRE)–Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced its estimated book value per common share of $13.81 as of May 31, 2024. This estimate includes the impact of the previously announced monthly dividend of $0.13 per common share, payable on June 25, 2024 to holders of record as of May 31, 2024, with the same ex-dividend date.

Cautionary note regarding forward-looking statements

The estimated book value per common share is subject to change following the completion of the Company’s month-end and quarter-end valuation procedures with respect 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 May 31, 2024 is indicative of what the Company’s results are expected to be for the three or six month periods ended June 30, 2024 or in any future periods, and the Company undertakes no obligation to update or revise its estimated book value per common share prior to the issuance of financial reports 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 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,” “might,” “seek” or similar expressions or the negative thereof or references to strategies, plans or intentions. Examples of forward-looking statements in this press release include statements regarding the Company’s dividend distribution. Forward-looking statements are based on our beliefs, assumptions and expectations regarding our future business, 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 are subject to change as a result of numerous possible events or factors, not all of which are known to us. If any of these factors change, our business, financial condition, liquidity, results of operations and strategies may differ materially from those expressed or implied by our forward-looking statements. The following are examples of factors that could cause actual results to differ 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 penalty 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 exemption from registration under the Investment Company Act of 1940, the Company’s ability to achieve cost savings and efficiencies, operating efficiencies, synergies and other benefits, including increased scale, and avoid potential business disruptions as a result of the completed merger with Arlington Asset Investment Corp., the Company’s ability to maintain its qualification as a real estate investment trust (REIT), and other changes in market conditions and economic trends, such as changes in tax or monetary policy, increased inflation, slowing growth or recession and currency fluctuations. In addition, forward-looking statements are subject to risks and uncertainties, including, among others, those described in Item 1A of the Company’s Annual Report on Form 10-K, which is available on the Company’s website at www.ellingtonfinancial.com or on the SEC’s website at www.sec.gov. Other risks, uncertainties and factors that could cause actual results to differ materially from those projected or implied 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.

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This publication and the information contained therein do not constitute an offer to purchase securities or a solicitation of an offer to purchase securities.

About Ellington Financial

Ellington Financial invests in a broad range of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in lending companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, LLC.

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contacts

Investors:
Ellington Financial
Investor Relations
(203) 409-3575
[email protected]

or

Media:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
for Ellington Financial
(212) 257-4170
[email protected]