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Ellington Financial reports estimated book value per share.

BANKING AND CREDIT NEWS-March 13, 2018-Ellington Financial reports 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 February 28, 2018 was USD 19.35, or USD 19.05 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 amounts give effect to the previously announced dividend in the amount of USD 0.41 per common share and convertible security, payable on March 15, 2018 to holders of record on March 1, 2018, with an ex-dividend date of February 28, 2018.

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. There can be no assurance that the company's estimated book value per common share as of February 28, 2018 is indicative of what the company's results are likely to be for the three month period ending March 31, 2018 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 periods.

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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Publication:M2 Banking & Credit News (BCN)
Date:Mar 13, 2018
Words:319
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