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Ellington Financial Inc. Announces Pricing of Public Offering of 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock

Outdated GREENWICH, Conn., December 08, 2021–(Small business WIRE)–Ellington Financial Inc. (NYSE: EFC) (the “Company”) introduced currently that it has priced an underwritten community supplying of 4,400,000 shares of 6.250% Sequence B Fastened-Price Reset Cumulative Redeemable Desired Inventory (the “Sequence B Preferred Stock”), with a liquidation preference of $25.00 per share, for gross proceeds of $110 million in advance of deducting underwriting savings and approximated featuring fees. The Firm has granted the underwriters an possibility for 30 days to invest in up to an extra 660,000 shares of the Sequence B Most popular Inventory only to deal with in excess of-allotments. The Company intends to use to record the Series B Preferred Inventory on the New York Inventory Trade under the symbol “EFC PR B”. The offering is envisioned to near on or about December 13, 2021, topic to customary closing problems. Piper Sandler & Co. is performing as the sole reserve-operating manager for the offering.

The Business expects to use the net proceeds of the providing to get its targeted belongings. The Organization could also use the web proceeds for performing money and normal company functions.

The shares of Series B Preferred Stock will be offered less than the Firm’s current shelf registration assertion on Sort S-3, which was declared efficient by the Securities and Exchange Commission on April 9, 2021. The giving is being created only by signifies of a prospectus dietary supplement and accompanying foundation prospectus, which will be filed with the Securities and Exchange Fee. Copies of the prospectus complement and accompanying base prospectus connected to the providing might be obtained from Piper Sandler & Co. at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by contacting toll-totally free 866-805-4128, or by electronic mail at [email protected]

This press launch shall not represent an supply to sell or the solicitation of an present to invest in the provided securities or any other securities, nor shall there be any sale of the presented securities or any other securities in any state or other jurisdiction in which these present, solicitation or sale would be unlawful prior to registration or qualification below the securities guidelines of any these types of state or other jurisdiction.

About Ellington Economic

Ellington Monetary invests in a assorted array of fiscal assets, together with residential and professional home finance loan-backed securities, household and business home finance loan financial loans, customer loans and asset-backed securities backed by buyer financial loans, collateralized personal loan obligations, non-house loan and property finance loan-similar derivatives, fairness investments in personal loan origination providers, and other strategic investments. Ellington Economical is externally managed and advised by Ellington Monetary Management LLC, an affiliate of Ellington Administration Group, L.L.C.

Forward-On the lookout Statements

This press release incorporates ahead-wanting statements in just the which means of the risk-free harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements involve numerous risks and uncertainties. Real final results could differ from the Firm’s beliefs, anticipations, estimates, and projections and, for that reason, you need to not rely on these forward-on the lookout statements as predictions of potential functions. Ahead-hunting statements are not historical in nature and can be discovered by phrases such as “consider,” “be expecting,” “anticipate,” “estimate,” “task,” “prepare,” “continue,” “intend,” “must,” “would,” “could,” “aim,” “aim,” “will,” “may,” “find,” or related expressions or their negative sorts, or by references to approach, ideas, or intentions. Examples of forward-seeking statements in this push launch contain, devoid of limitation, statements relating to the completion of the Company’s giving of shares of the Series B Most popular Inventory, the expected use of proceeds and the listing of the shares of Sequence B Preferred Stock on the New York Inventory Exchange. The Firm’s benefits can fluctuate from thirty day period to month and from quarter to quarter depending on a wide range of components, some of which are past the Company’s handle and/or are complicated to forecast, which include, with no limitation, modifications in curiosity rates and the marketplace price of the Company’s investments, variations in mortgage loan default premiums and prepayment costs, the Firm’s means to borrow to finance its assets, improvements in government laws impacting the Company’s company, the Company’s potential to preserve its exclusion from registration under the Financial commitment Enterprise Act of 1940, the Company’s potential to manage its qualification as a authentic estate expense trust, or “REIT,” other variations in market disorders and financial trends, and modifications resulting from the financial outcomes associated to the COVID-19 pandemic and involved responses to the pandemic. Due to recognised and not known challenges, together with the threat that the assumptions on which the ahead-wanting statements are primarily based prove to be inaccurate, true final results could vary materially from expectations or projections. No assurance can be offered that the offering talked about previously mentioned will be done on the conditions described or at all, that the web proceeds of the featuring will be utilised as indicated, or that the software to record the shares of Collection B Favored Stock on the New York Stock Exchange will be accepted. Completion of the supplying on the terms explained, the application of the net proceeds of the offering, and approval of the New York Stock Trade listing software are subject to several feasible occasions, factors, threats and uncertainties, together with, among other points, those explained below Item 1A of the Company’s Yearly Report on Kind 10-K, as amended, which can be accessed at the SEC’s website (www.sec.gov). Other challenges, uncertainties, and things that could induce actual final results to differ materially from individuals projected or implied may well be explained from time to time in reviews that the Enterprise files with the SEC, together with stories on Types 10-Q, 10-K and 8-K. The Organization undertakes no obligation to update or revise any ahead-hunting statements, regardless of whether as a outcome of new details, foreseeable future situations, or normally.

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Contacts

Traders:
Ellington Money
JR Herlihy
(203) 409-3575
[email protected]