Ellington Money Declares Prevalent and Desired Dividends, and Announces Believed Ebook Benefit For each Widespread Share as of December 31, 2020

Old GREENWICH, Conn.–(Company WIRE)–Ellington Economical Inc. (NYSE: EFC) (the “Firm”) nowadays introduced that its Board of Directors has declared a every month dividend of $.10 for each popular share, payable on February 25, 2021 to stockholders of file as of January 29, 2021, and a quarterly dividend of $.421875 per share on the Firm’s 6.750% Sequence A Preset-to-Floating Charge Cumulative Redeemable Most well-liked Inventory, payable on February 1, 2021 to most popular stockholders of file as of January 19, 2021.

The Organization also announced its approximated guide value per widespread share of $17.40 as of December 31, 2020. This estimate incorporates the result of the beforehand introduced every month dividend of $.10 per common share, payable on January 25, 2021 to holders of record on December 31, 2020, with an ex-dividend day of December 30, 2020.

Cautionary Statements

Believed guide price for each widespread share is subject to adjust on completion of the Firm’s month-stop and quarter-finish valuation procedures relating to its investment decision positions, and any these kinds of modify could be substance (especially in mild of the considerable volatility, lack of pricing transparency, and market dislocations that have been induced by the novel coronavirus (COVID-19) pandemic, and connected responses to the pandemic). There can be no assurance that the Firm’s believed reserve worth for each widespread share as of December 31, 2020 is indicative of what the Company’s final results are probably to be for the a few-thirty day period period or calendar year ending December 31, 2020 or in long run durations, and the Firm undertakes no obligation to update or revise its estimated e-book benefit for each typical share prior to issuance of monetary statements for this sort of period. Estimated e book value for each frequent share, which is the accountability of the Firm’s management, was ready by the Firm’s administration and is based mostly upon a quantity of assumptions, which include, without having limitation, the fair industry worth of the Company’s assets, which may well not be reflective of these types of assets’ liquidation worth, especially in gentle of the important volatility, deficiency of pricing transparency, and marketplace dislocations discussed previously mentioned. Supplemental adjustments might be identified and could end result in materials adjustments to the Firm’s believed guide benefit per popular share. The Firm’s unbiased registered community accounting firm has not audited, reviewed, compiled or executed any procedures with regard to the Company’s believed e-book benefit for every frequent share.

This press release is made up of ahead-wanting statements within just the which means of the risk-free harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements contain several pitfalls and uncertainties. The Company’s real outcomes may vary from its beliefs, anticipations, estimates, and projections and, consequently, you should really not depend on these ahead-looking statements as predictions of foreseeable future events. Ahead-wanting statements are not historic in mother nature and can be determined by text this sort of as “imagine,” “anticipate,” “foresee,” “estimate,” “job,” “system,” “continue,” “intend,” “should,” “would,” “could,” “target,” “objective,” “will,” “might,” “search for” or identical expressions or their negative kinds, or by references to tactic, programs, or intentions. Examples of ahead-wanting statements in this push launch contain statements pertaining to the Firm’s e book value for every popular share and its payment of dividends, amid other folks. The Firm’s outcomes can fluctuate from thirty day period to thirty day period and from quarter to quarter depending on a variety of factors, some of which are outside of the Firm’s regulate and/or are challenging to predict, together with, devoid of limitation, modifications in curiosity fees and the industry price of the Firm’s securities, variations in home finance loan default prices and prepayment prices, the Company’s capability to borrow to finance its property, adjustments in governing administration polices affecting the Firm’s business, the Company’s means to keep its exclusion from registration less than the Expense Corporation Act of 1940, the Company’s capability to retain its qualification as a authentic estate investment decision rely on, or “REIT,” and other modifications in sector situations and economic trends, such as adjustments resulting from the economic effects associated to the COVID-19 pandemic, and affiliated responses to the pandemic. Furthermore, forward-seeking statements are matter to hazards and uncertainties, which include, amongst other things, these explained below Product 1A of the Firm’s Annual Report on Form 10-K filed on March 13, 2020 and Section II, Merchandise 1A of the Company’s Quarterly Report on Variety 10-Q submitted on May perhaps 21, 2020, as amended, which can be accessed as a result of the Company’s web page at www.ellingtonfinancial.com or at the SEC’s website (www.sec.gov). Other threats, uncertainties, and variables that could result in genuine outcomes to vary materially from people projected may perhaps be described from time to time in experiences the Business information with the SEC, like studies on Types 10-Q, 10-K and 8-K. The Business undertakes no obligation to update or revise any forward-looking statements, no matter if as a final result of new info, upcoming gatherings, or normally.

This release and the details contained herein do not represent an supply of any securities or solicitation of an provide to invest in securities.

About Ellington Financial

Ellington Monetary invests in a diverse array of financial property, including household and professional home loan loans, residential and commercial home loan-backed securities, shopper loans and asset-backed securities backed by client financial loans, collateralized mortgage obligations, non-mortgage loan and property finance loan-connected derivatives, equity investments in mortgage origination companies, and other strategic investments. Ellington Economical is externally managed and suggested by Ellington Money Management LLC, an affiliate of Ellington Administration Group, L.L.C.