Ellington Financial Declares Monthly Dividend of $0.09 Per Common Share & Announces Estimated Book Value Per Common Share of ...
08 Agosto 2020 - 11:01AM
Business Wire
Ellington Financial Inc. (NYSE:EFC) (the "Company") today
announced that its Board of Directors has declared a monthly
dividend of $0.09 per common share, payable on September 25, 2020
to stockholders of record as of August 31, 2020.
The Company also announced its estimated book value per common
share of $15.84 as of July 31, 2020. This estimate includes the
effect of the previously announced monthly dividend of $0.09 per
common share, payable on August 25, 2020 to holders of record on
July 31, 2020, with an ex-dividend date of July 30, 2020.
Cautionary 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 (particularly in
light of the significant volatility, lack of pricing transparency,
and market dislocations that have been caused by the novel
coronavirus (COVID-19) pandemic, and associated responses to the
pandemic). There can be no assurance that the Company's estimated
book value per common share as of July 31, 2020 is indicative of
what the Company's results are likely to be for the three- or
nine-month periods ending September 30, 2020 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 period. Estimated book value per
common share, which is the responsibility of the Company's
management, was prepared by the Company's management and is based
upon a number of assumptions, including, without limitation, the
fair market value of the Company's assets, which may not be
reflective of such assets' liquidation value, particularly in light
of the significant volatility, lack of pricing transparency, and
market dislocations discussed above. Additional adjustments may be
identified and could result in material changes to the Company's
estimated book value per common share. The Company's independent
registered public accounting firm has not audited, reviewed,
compiled or performed any procedures with respect to the Company's
estimated book value per common share.
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. Examples of forward-looking statements in
this press release include statements regarding the Company's book
value per common share and its payment of dividends, among others.
The Company's results can fluctuate from month to month and from
quarter to quarter depending on a variety of factors, some of which
are beyond the Company's control and/or are difficult to predict,
including, without limitation, changes in interest rates and the
market value of the Company's securities, 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 qualify and maintain its
qualification as a real estate investment trust, or "REIT," and
other changes in market conditions and economic trends, including
changes resulting from the economic effects related to the COVID-19
pandemic, and associated responses to the pandemic. 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 filed on March 13, 2020 and
Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q
filed on May 21, 2020, as amended, 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, 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, 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/20200808005016/en/
Investors: Ellington Financial Inc. Investor Relations (203)
409-3575 info@ellington.com
or
Media: Amanda Klein or Kevin FitzGerald Gasthalter & Co. for
Ellington Financial (212) 257-4170 Ellington@gasthalter.com
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