Ellington Financial reports December estimated book value per share.
BANKING AND CREDIT NEWS-January 11, 2018-Ellington Financial reports December estimated book value per share
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Ellington Financial LLC (NYSE:EFC) has announced that its estimated book value per common share as of December 31, 2017 was USD 19.14, or USD 18.84 on a diluted basis, the company said.
Estimated book value per share on a diluted basis takes into account securities convertible into the company's common shares. These estimates are subject to change upon completion of the company's month-end valuation procedures relating to its investment positions, and any such change could be material.
Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related and consumer-related assets, including residential mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities backed by consumer loans, commercial mortgage-backed securities, real property, and mortgage-related derivatives.
The company also invests in corporate debt and equity, including distressed debt, collateralized loan obligations, non-mortgage-related derivatives, and other financial assets, including private debt and equity investments in mortgage-related entities. Ellington Financial LLC is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
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