Ellington Monetary Inc. (NYSE: EFC) (the “Firm”) at this time introduced that its Board of Administrators has declared a month-to-month dividend of $0.10 per widespread share, payable on March 25, 2021 to stockholders of document as of February 26, 2021.
The Firm additionally introduced its estimated ebook worth per widespread share of $18.05 as of January 31, 2021. This estimate consists of the impact of the beforehand introduced month-to-month dividend of $0.10 per widespread share, payable on February 25, 2021 to holders of document on January 29, 2021, with an ex-dividend date of January 28, 2021.
Estimated ebook worth per widespread share is topic to alter upon completion of the Firm’s month-end and quarter-end valuation procedures referring to its funding positions, and any such change may very well be materials. There might be no assurance that the Firm’s estimated ebook worth per widespread share as of January 31, 2021 is indicative of what the Firm’s outcomes are prone to be for the three-month interval ending March 31, 2021 or in future intervals, and the Firm undertakes no obligation to replace or revise its estimated ebook worth per widespread share previous to issuance of monetary statements for such intervals. The Firm’s impartial registered public accounting agency has not audited, reviewed, compiled or carried out any procedures with respect to the Firm’s estimated ebook worth per widespread share.
This press launch accommodates forward-looking statements inside the that means of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements contain quite a few dangers and uncertainties. The Firm’s precise outcomes could differ from its beliefs, expectations, estimates, and projections and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Ahead-looking statements are usually not historic in nature and might be recognized by phrases equivalent to “imagine,” “anticipate,” “anticipate,” “estimate,” “challenge,” “plan,” “proceed,” “intend,” “ought to,” “would,” “might,” “objective,” “goal,” “will,” “could,” “search” or related expressions or their unfavorable varieties, or by references to technique, plans, or intentions. Examples of forward-looking statements on this press launch embrace statements relating to the Firm’s ebook worth per widespread share and its fee of dividends, amongst others. The Firm’s outcomes can fluctuate from month to month and from quarter to quarter relying on quite a lot of components, a few of that are past the Firm’s management and/or are troublesome to foretell, together with, with out limitation, modifications in rates of interest and the market worth of the Firm’s securities, modifications in mortgage default charges and prepayment charges, the Firm’s skill to borrow to finance its property, modifications in authorities rules affecting the Firm’s enterprise, the Firm’s skill to take care of its exclusion from registration beneath the Funding Firm Act of 1940, the Firm’s skill to take care of its qualification as an actual property funding belief, or “REIT,” and different modifications in market situations and financial tendencies, together with modifications ensuing from the financial results associated to the COVID-19 pandemic, and related responses to the pandemic. Moreover, forward-looking statements are topic to dangers and uncertainties, together with, amongst different issues, these described beneath Merchandise 1A of the Firm’s Annual Report on Kind 10-Ok filed on March 13, 2020 and Half II, Merchandise 1A of the Firm’s Quarterly Report on Kind 10-Q filed on Could 21, 2020, as amended, which might be accessed via the Firm’s web site at www.ellingtonfinancial.com or on the SEC’s web site (www.sec.gov). Different dangers, uncertainties, and components that would trigger precise outcomes to vary materially from these projected could also be described occasionally in experiences the Firm recordsdata with the SEC, together with experiences on Kinds 10-Q, 10-Ok and 8-Ok. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions, or in any other case.
This launch and the data contained herein don’t represent a proposal of any securities or solicitation of a proposal to buy securities.
About Ellington Monetary
Ellington Monetary invests in a various array of monetary property, together with residential and business mortgage loans, residential and business mortgage-backed securities, client loans and asset-backed securities backed by client loans, collateralized mortgage obligations, non-mortgage and mortgage-related derivatives, fairness investments in mortgage origination firms, and different strategic investments. Ellington Monetary is externally managed and suggested by Ellington Monetary Administration LLC, an affiliate of Ellington Administration Group, L.L.C.
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Ellington Monetary Inc.
Amanda Klein or Kevin FitzGerald
Gasthalter & Co.
for Ellington Monetary