Ellington Economic Declares Popular and Desired Dividends, and Announces Estimated E-book Benefit For each Popular Share as of December 31, 2020

Ellington Monetary Inc. (NYSE:EFC) (the “Enterprise”) currently introduced that its Board of Directors has declared a every month dividend of $.10 per common share, payable on February 25, 2021 to stockholders of record as of January 29, 2021, and a quarterly dividend of $.421875 for every share on the Company’s 6.750% Collection A Preset-to-Floating Charge Cumulative Redeemable Favored Inventory, payable on February 1, 2021 to desired stockholders of document as of January 19, 2021.

The Firm also introduced its believed guide value for each frequent share of $17.40 as of December 31, 2020. This estimate features the effect of the earlier introduced month to month dividend of $.10 for each widespread share, payable on January 25, 2021 to holders of document on December 31, 2020, with an ex-dividend day of December 30, 2020.

Cautionary Statements

Believed e book value for each popular share is matter to alter upon completion of the Company’s month-end and quarter-close valuation techniques relating to its expenditure positions, and any this kind of modify could be material (significantly in gentle of the important volatility, absence of pricing transparency, and industry dislocations that have been brought about by the novel coronavirus (COVID-19) pandemic, and connected responses to the pandemic). There can be no assurance that the Firm’s believed ebook price for each prevalent share as of December 31, 2020 is indicative of what the Company’s effects are possible to be for the a few-month time period or yr ending December 31, 2020 or in long term durations, and the Corporation undertakes no obligation to update or revise its believed e-book benefit for every widespread share prior to issuance of monetary statements for this kind of period of time. Believed book worth for each popular share, which is the obligation of the Company’s management, was organized by the Firm’s management and is dependent on a variety of assumptions, which includes, with no limitation, the truthful marketplace benefit of the Firm’s belongings, which might not be reflective of such assets’ liquidation benefit, particularly in light-weight of the significant volatility, lack of pricing transparency, and current market dislocations mentioned previously mentioned. Added adjustments may well be recognized and could consequence in product variations to the Company’s approximated e-book benefit per common share. The Firm’s independent registered public accounting agency has not audited, reviewed, compiled or carried out any treatments with respect to the Firm’s estimated reserve worth for every common share.

This push release consists of ahead-seeking statements within the this means of the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-wanting statements involve numerous risks and uncertainties. The Company’s genuine benefits could differ from its beliefs, expectations, estimates, and projections and, for that reason, you really should not count on these ahead-searching statements as predictions of potential functions. Forward-on the lookout statements are not historic in nature and can be discovered by words such as “feel,” “anticipate,” “foresee,” “estimate,” “challenge,” “plan,” “continue,” “intend,” “ought to,” “would,” “could,” “target,” “aim,” “will,” “may,” “seek” or comparable expressions or their detrimental forms, or by references to technique, strategies, or intentions. Illustrations of forward-looking statements in this push release include things like statements relating to the Company’s e-book benefit for every typical share and its payment of dividends, among the other individuals. The Company’s benefits can fluctuate from month to month and from quarter to quarter dependent on a assortment of components, some of which are beyond the Company’s manage and/or are complicated to predict, together with, devoid of limitation, changes in fascination premiums and the sector worth of the Firm’s securities, improvements in mortgage default rates and prepayment costs, the Firm’s skill to borrow to finance its assets, variations in authorities restrictions influencing the Company’s small business, the Company’s capacity to sustain its exclusion from registration underneath the Investment decision Business Act of 1940, the Firm’s capacity to maintain its qualification as a actual estate financial investment rely on, or “REIT,” and other modifications in sector ailments and financial traits, which include improvements resulting from the financial results linked to the COVID-19 pandemic, and related responses to the pandemic. Also, forward-seeking statements are subject matter to risks and uncertainties, which include, amongst other things, all those described below Item 1A of the Firm’s Annual Report on Sort 10-K submitted on March 13, 2020 and Element II, Product 1A of the Firm’s Quarterly Report on Type 10-Q filed on Could 21, 2020, as amended, which can be accessed by the Firm’s web site at www.ellingtonfinancial.com or at the SEC’s internet site (www.sec.gov). Other threats, uncertainties, and components that could lead to genuine success to differ materially from these projected may perhaps be explained from time to time in reports the Organization documents with the SEC, including experiences on Forms 10-Q, 10-K and 8-K. The Corporation undertakes no obligation to update or revise any ahead-hunting statements, irrespective of whether as a final result of new data, long term events, or otherwise.

This release and the details contained herein do not constitute an provide of any securities or solicitation of an supply to buy securities.

About Ellington Economic

Ellington Economical invests in a varied array of money belongings, including household and business home loan loans, household and professional house loan-backed securities, consumer loans and asset-backed securities backed by purchaser loans, collateralized personal loan obligations, non-property finance loan and home finance loan-related derivatives, fairness investments in loan origination corporations, and other strategic investments. Ellington Economic is externally managed and suggested by Ellington Financial Management LLC, an affiliate of Ellington Administration Team, L.L.C.