Printer Friendly

Ellington Financial reports estimated book value of USD19.37 per share on 30 November 2018.

M2 EQUITYBITES-December 11, 2018-Ellington Financial reports estimated book value of USD19.37 per share on 30 November 2018

(C)2018 M2 COMMUNICATIONS http://www.m2.com

Ellington Financial LLC (NYSE:EFC) on Tuesday reported that its common stock estimated book value was USD19.37 or USD19.05 on a diluted basis per share, as of 30 November 2018.

Also, the company said that estimated book value per share on a diluted basis takes into account securities convertible into its common shares. These amounts give effect to the earlier common share and convertible security dividend amount of USD0.41 per share or security that will be paid on 17 December 2018 to holders of record date on 30 November 2018 and the ex-dividend date is 29 November 2018.

Further, these above 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. It provides no assurance that this estimated book value per common share is indicative of what its results are likely to be for the three month period or year ending 31 December 2018 or in future periods and neither does it undertake any obligation to update or revise this value before the issue of financial statements for such periods.

A specialty finance company, Ellington Financial invests in a diverse array of financial assets. It is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group LLC.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Dec 11, 2018
Words:257
Previous Article:Summit Hotel Properties closes new increased USD600m credit facility.
Next Article:Tethys Oil launches AB: Seismic campaign launched on Block 49, onshore Oman.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |