OLD GREENWICH, Conn.,
Sept. 8, 2016 /PRNewswire/ --
Ellington Financial LLC (NYSE: EFC) ("Ellington Financial" or the
"Company") today announced that its estimated book value per common
share as of August 31, 2016 was
$20.01, or $19.73 on a diluted basis. Estimated book value
per share on a diluted basis takes into account securities
convertible into the Company's common shares. These amounts give
effect to the previously announced dividend in the amount of
$0.50 per common share and
convertible security, payable on September
15, 2016 to holders of record on September 1, 2016, with an ex-dividend date of
August 30, 2016. Estimated book value
per share on a diluted basis takes into account securities
convertible into the Company's common shares. These estimates are
subject to change upon completion of the Company's month-end
valuation procedures relating to its investment positions, and any
such change could be material. There can be no assurance that the
Company's estimated book value per common share as of August 31, 2016 is indicative of what the
Company's results are likely to be for the three or nine month
period ending September 30, 2016 or
in future periods, and the Company undertakes no obligation to
update or revise its estimated book value per common share prior to
issuance of financial statements for such periods.
Cautionary Statement Regarding Forward-Looking
Statements
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
numerous risks and uncertainties. Our actual results may differ
from our beliefs, expectations, estimates, and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Forward-looking
statements are not historical in nature and can be identified by
words such as "anticipate," "estimate," "will," "should," "may,"
"expect," "project," "believe," "intend," "seek," "plan" and
similar expressions or their negative forms, or by references to
strategy, plans, or intentions. The Company's results can fluctuate
from month to month depending on a variety of factors, some of
which are beyond the Company's control and/or are difficult to
predict, including, without limitation, changes in interest rates,
changes in mortgage default rates and prepayment rates, and other
changes in market conditions and economic trends. Furthermore,
forward-looking statements are subject to risks and uncertainties,
including, among other things, those described under Item 1A of our
Annual Report on Form 10-K filed on March
11, 2016, which can be accessed through the link to our SEC
filings under "For Our Shareholders" on our website
(www.ellingtonfinancial.com) or at the SEC's website (www.sec.gov).
Other risks, uncertainties, and factors that could cause actual
results to differ materially from those projected may be described
from time to time in reports we file with the SEC, including
reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
This release and the information contained herein do not
constitute an offer of any securities or solicitation of an offer
to purchase securities.
About Ellington Financial LLC
Ellington Financial LLC
is a specialty finance company that primarily acquires and manages
mortgage-related assets, including residential mortgage-backed
securities, residential mortgage loans, commercial mortgage-backed
securities, commercial mortgage loans and other commercial real
estate debt, real property, and mortgage-related derivatives. The
Company also invests in corporate debt and equity securities,
collateralized loan obligations, consumer loans and asset-backed
securities backed by consumer and commercial assets,
non-mortgage-related derivatives, and other financial assets,
including private debt and equity investments in mortgage-related
entities. Ellington Financial LLC is externally managed and advised
by Ellington Financial Management LLC, an affiliate of Ellington
Management Group, L.L.C.
Investor Contact: Maria Cozine,
Vice President of Investor Relations, or Lisa Mumford, Chief Financial Officer, Ellington
Financial LLC, (203) 409-3575 or info@ellingtonfinancial.com;
Media Contact: Amanda Klein or
Kevin Fitzgerald, Gasthalter &
Co., for Ellington Financial LLC, (212) 257-4170 or
Ellington@gasthalter.com.
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SOURCE Ellington Financial LLC