Ellington Financial Announces Estimated Book Value Range as at September 30, 2021


OLD GREENWICH, Connecticut, October 12, 2021– (BUSINESS WIRE) – Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that its estimated book value per common share as at September 30, 2021 was between $ 18.31 and $ 18, $ 37. This estimated carrying value range includes the effect of the previously announced monthly dividend of $ 0.15 per common share, payable on October 25, 2021 to holders of record on September 30, 2021 with an ex-dividend date of September 29, 2021.

Warnings

This estimated range is subject to change and such a change could be material. The Company’s registered independent accountant, PricewaterhouseCoopers LLP, has not performed any reviews, reviews, audits or any other procedure within this estimated range of book value per common share as of September 30, 2021. It It is possible that, if the Company were to undertake a more comprehensive valuation analysis and / or obtain a review or audit of its accountants for the range of estimated book value stated above, the Company could determine that its actual book value per common share as of September 30, 2021 is outside the estimated range indicated above. Additional items that may require adjustments to this estimated range can be identified and could result in material changes to this estimated range. There can be no assurance that the estimated range of the book value per share of the common shares as at September 30, 2021 is indicative of what the Company’s results are likely to be as at and for the three or nine month periods ending September 30. , 2021, and the Company does not undertake to update or revise its estimated range of book value per common share prior to the publication of financial statements for such three or nine month period.

The estimated range of book value per common share included in this press release has been prepared by the Company and is under its responsibility. PricewaterhouseCoopers LLP has not audited, reviewed, examined, compiled or applied the agreed procedures with respect to the accompanying estimated financial data and, therefore, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance thereon. .

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. The actual results of the Company may differ from its 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 “,” may “,” will seek “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 statements regarding the book value per common share of the Company. 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”, and other changes in market conditions and economic trends, including changes resulting from the economic effects of the COVID-19 pandemic, and responses associated with the pandemic. In addition, forward-looking statements are subject to risks and uncertainties, including, but not limited to, those described in Section 1A of the Company’s Annual Report on Form 10-K, as amended, which can be viewed on the Company website at www.ellingtonfinancial .com or on the SEC website (www.sec.gov). Other risks, uncertainties and factors that could cause actual results to differ materially from those anticipated may be described from time to time in 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.

This press release and the information it contains do not constitute an offer of securities or a solicitation of an offer to purchase securities.

About Ellington Financial

Ellington Financial invests in a wide range of financial assets including residential and commercial mortgages, residential and commercial mortgage-backed securities, consumer loans, and consumer-backed asset-backed securities. , secured 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

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Contacts

Investors:
Ellington Financial Inc.
JR Herlihy
(203) 409-3575
[email protected]


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