Ellington Financial Inc.Announces Public Offering of Series B Preferred Shares

OLD GREENWICH, Connecticut, December 8, 2021– (BUSINESS WIRE) – Ellington Financial Inc. (NYSE: EFC) (the “Company”) announced today that it has launched a tender offer to purchase cumulative redeemable preferred shares at a fixed rate and at fixed rate Series B (the “Series B Stocker Preferred Shares”). The Company intends to apply for the Series B Preferred Shares to be listed on the New York Stock Exchange under the symbol “EFC PR B”.

The Company expects to use the net proceeds of the offering to acquire its targeted assets. The Company may also use the net proceeds for working capital and general corporate purposes.

Piper Sandler & Co. is acting as the sole book manager for the offering.

The Series B preferred shares will be offered under the Company’s existing store registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission on April 9, 2021. The offer is made only by means of a prospectus the supplement and the accompanying base prospectus, which will be filed with the Securities and Exchange Commission. Copies of the Prospectus Supplement and accompanying base prospectus relating to the Offer can be obtained from Piper Sandler & Co. at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by calling toll-free. toll free at 866-805-4128, or by email at [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Offered Securities or any other security, and there will be no sale of the Offered Securities or any other security in any State. or other jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

About Ellington Financial

Ellington Financial invests in a wide variety of financial assets, including residential and commercial mortgage-backed securities, residential and commercial mortgages, consumer loans, and consumer-backed asset-backed securities. , guaranteed loan bonds, non-mortgage and mortgage derivatives, equity investments in loan origination companies and other strategic investments. Ellington Financial is managed and externally advised by Ellington Financial Management LLC, a subsidiary of Ellington Management Group, LLC

Forward-looking statements

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 many risks and uncertainties. Actual results may differ from the Company’s beliefs, expectations, estimates and projections and, therefore, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and may be identified by words such as “believe”, “expect”, “anticipate”, “estimate”, “plan”, “plan”, “continue”, “have intention “” should “,” would “,” could “,” goal “,” objective “,” will “,” can “,” research “, or similar expressions or their negative forms, or by references to a strategy, plans or intentions. Examples of forward-looking statements in this press release include, but are not limited to, statements regarding the completion of the offering of the Series B Preferred Shares by the Company, the intended use of the proceeds and the registration of Series B preferred stock shares on the New York Stock Exchange. The Company’s results may fluctuate from month to month and quarter to quarter depending on a variety of factors, some of which are beyond the control of the Company and / or are difficult to predict, including , without limitation, changes in interest rates and market value. the Company’s investments, 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 Companies Act of 1940, the Company’s ability to maintain its qualification as a real estate investment trust, or “REIT”, d ‘other changes in market conditions and economic trends, and changes resulting from the economic effects of the COVID-19 pandemic and responses associated with the pandemic. Due to known and unknown risks, including the risk that the assumptions on which forward-looking statements are based prove to be incorrect, actual results may differ materially from expectations or projections. No assurance can be given that the Offer discussed above will be completed on the terms described or not at all, that the net proceeds of the Offer will be used as indicated, or that the application to list the Series Preferred Shares B on the new York Stock Exchange will be approved. The completion of the Offer under the conditions described, the use of the net proceeds of the Offer and the approval of the application to list on the New York Stock Exchange are subject to many possible events, factors, risks and uncertainties. , including, among others, those described in Item 1A of the Company’s Annual Report on Form 10-K, as amended, which can be viewed on the SEC’s website (www.sec.gov). Other risks, uncertainties and factors which could cause actual results to differ materially from those projected or implied may be described from time to time in the reports that the Company files with the SEC, including reports on forms 10-Q, 10-K and 8 -K. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211208005601/en/


Ellington Financial
JR Herlihy
(203) 409-3575
[email protected]

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