Aged GREENWICH, Conn.–(Company WIRE)–Ellington Monetary Inc. (NYSE: EFC) (the “Enterprise”) right now introduced that its Board of Directors has declared a month-to-month dividend of $.10 for every frequent share, payable on February 25, 2021 to stockholders of history as of January 29, 2021, and a quarterly dividend of $.421875 for each share on the Firm’s 6.750% Sequence A Fixed-to-Floating Fee Cumulative Redeemable Most well-liked Stock, payable on February 1, 2021 to favored stockholders of record as of January 19, 2021.
The Firm also announced its estimated ebook value for each widespread share of $17.40 as of December 31, 2020. This estimate consists of the effect of the previously declared regular monthly dividend of $.10 per popular share, payable on January 25, 2021 to holders of record on December 31, 2020, with an ex-dividend date of December 30, 2020.
Approximated ebook benefit per common share is matter to alter upon completion of the Firm’s month-conclusion and quarter-end valuation processes relating to its expenditure positions, and any these types of improve could be content (especially in gentle of the sizeable volatility, lack of pricing transparency, and market place 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 guide worth per prevalent share as of December 31, 2020 is indicative of what the Firm’s results are possible to be for the 3-month interval or yr ending December 31, 2020 or in foreseeable future periods, and the Organization undertakes no obligation to update or revise its estimated ebook benefit for every typical share prior to issuance of economical statements for these period. Estimated reserve benefit for each frequent share, which is the obligation of the Firm’s administration, was geared up by the Firm’s administration and is dependent on a number of assumptions, which include, devoid of limitation, the reasonable market place value of the Firm’s belongings, which may not be reflective of these assets’ liquidation benefit, specially in light-weight of the substantial volatility, lack of pricing transparency, and sector dislocations mentioned earlier mentioned. Supplemental adjustments may possibly be identified and could final result in content changes to the Company’s approximated book worth for each widespread share. The Company’s independent registered general public accounting agency has not audited, reviewed, compiled or done any processes with regard to the Company’s estimated e-book worth for each common share.
This push launch contains ahead-seeking statements within the indicating of the risk-free harbor provisions of the Personal Securities Litigation Reform Act of 1995. Forward-seeking statements require several risks and uncertainties. The Firm’s actual benefits may perhaps differ from its beliefs, anticipations, estimates, and projections and, as a result, you ought to not count on these ahead-seeking statements as predictions of upcoming situations. Forward-on the lookout statements are not historic in mother nature and can be determined by terms these kinds of as “imagine,” “be expecting,” “foresee,” “estimate,” “undertaking,” “program,” “continue on,” “intend,” “ought to,” “would,” “could,” “goal,” “objective,” “will,” “may,” “look for” or equivalent expressions or their detrimental forms, or by references to technique, ideas, or intentions. Examples of ahead-looking statements in this press release contain statements concerning the Company’s e-book worth for each prevalent share and its payment of dividends, amongst other folks. The Company’s results can fluctuate from month to thirty day period and from quarter to quarter dependent on a range of variables, some of which are over and above the Company’s management and/or are difficult to forecast, including, with out limitation, modifications in curiosity charges and the industry benefit of the Firm’s securities, alterations in property finance loan default charges and prepayment fees, the Firm’s capability to borrow to finance its property, changes in govt regulations impacting the Firm’s organization, the Company’s means to manage its exclusion from registration less than the Investment decision Corporation Act of 1940, the Firm’s capability to manage its qualification as a authentic estate financial investment believe in, or “REIT,” and other alterations in sector problems and financial tendencies, together with alterations resulting from the economic consequences relevant to the COVID-19 pandemic, and linked responses to the pandemic. On top of that, forward-wanting statements are issue to dangers and uncertainties, such as, among the other items, individuals described underneath Item 1A of the Company’s Yearly Report on Kind 10-K submitted on March 13, 2020 and Aspect II, Merchandise 1A of the Company’s Quarterly Report on Type 10-Q submitted on Might 21, 2020, as amended, which can be accessed by the Company’s site at www.ellingtonfinancial.com or at the SEC’s site (www.sec.gov). Other risks, uncertainties, and elements that could lead to real effects to differ materially from those projected could be described from time to time in studies the Business files with the SEC, including reviews on Varieties 10-Q, 10-K and 8-K. The Firm undertakes no obligation to update or revise any ahead-seeking statements, whether or not as a outcome of new info, upcoming activities, or otherwise.
This release and the info contained herein do not constitute an offer you of any securities or solicitation of an offer you to order securities.
About Ellington Money
Ellington Monetary invests in a varied array of monetary property, together with household and commercial house loan financial loans, residential and professional home finance loan-backed securities, buyer loans and asset-backed securities backed by buyer financial loans, collateralized financial loan obligations, non-house loan and mortgage-similar derivatives, fairness investments in personal loan origination corporations, and other strategic investments. Ellington Economical is externally managed and advised by Ellington Financial Administration LLC, an affiliate of Ellington Management Team, L.L.C.