Ellington FinancialNYSE: EFC

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.81 as of May 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on June 25, 2024 to holders of record on May 31, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is s.

Ellington Financial Inc. is a strong investment in the mREIT space, well positioned for when rates normalize and the housing industry rebounds. The company's diversified portfolio includes income from various sources, allowing for flexibility in managing holdings to adjust to different market climates. Despite recent dividend cuts, Ellington's performance remains strong, with potential for distributable earnings to increase and provide solid income for investors.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on July 25, 2024 to common stockholders of record as of June 28, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on July 30, 2024 to Series A preferred stockh.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.86 as of April 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on May 28, 2024 to holders of record on April 30, 2024, with an ex-dividend date of April 29, 2024. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per co.

Rates heading lower along with earnings on this name.

Ellington Financial offers multiple income securities, including preferred shares and baby bonds. The company's net interest income fell due to increased interest expenses, but other income from market fluctuations helped offset this. Ellington Financial's balance sheet shows heavy investment in reverse mortgages and minimal impact from commercial and consumer loans.

Real estate investment trusts (REITs) have historically offered high-yield income and diversification, but have been sensitive to interest rate risk. The real estate sector has rebounded after the Federal Reserve hinted at potential rate reductions in 2024. Ellington Financial, a unique REIT with a diverse asset portfolio, stands to benefit from lower interest rates and offers a generous monthly dividend.

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