Ellington Residential Declares Monthly Common Dividend
December 07 2023 - 4:58PM
Business Wire
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company")
today announced that its Board of Trustees has declared a monthly
common dividend of $0.08 per share, payable on January 25, 2024 to
shareholders of record as of December 29, 2023.
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 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. Examples of forward-looking statements in
this press release include statements regarding the Company's
payment of dividends. Forward-looking statements are based on our
beliefs, assumptions and expectations of our future operations,
business strategies, performance, financial condition, liquidity
and prospects, taking into account information currently available
to us. These beliefs, assumptions, and expectations are subject to
risks and uncertainties and can change as a result of many possible
events or factors, not all of which are known to us. If a change
occurs, our business, financial condition, liquidity, results of
operations and strategies may vary materially from those expressed
or implied in our forward-looking statements. The following factors
are examples of those that could cause actual results to vary from
our forward-looking statements: changes in interest rates and the
market value of the Company's investments, market volatility,
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 Company 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,
such as changes to fiscal or monetary policy, heightened inflation,
slower growth or recession, and currency fluctuations. Furthermore,
forward-looking statements are subject to risks and uncertainties,
including, among other things, those described under Item 1A of the
Company's Annual Report on Form 10-K, which can be accessed through
the link to the Company's SEC filings under "For Our Shareholders"
on the Company's website (at www.earnreit.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 or implied may be described from time to time in reports
the Company files with the SEC, including reports on Forms 10-Q,
10-K and 8-K. The Company undertakes 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 Residential Mortgage REIT
Ellington Residential Mortgage REIT is a mortgage real estate
investment trust that specializes in acquiring, investing in and
managing residential mortgage- and real estate-related assets, with
a primary focus on residential mortgage-backed securities for which
the principal and interest payments are guaranteed by a U.S.
government agency or a U.S. government-sponsored enterprise.
Ellington Residential Mortgage REIT is externally managed and
advised by Ellington Residential Mortgage Management LLC, an
affiliate of Ellington Management Group, L.L.C.
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version on businesswire.com: https://www.businesswire.com/news/home/20231207279678/en/
Investors: Ellington Residential Mortgage REIT Investor
Relations (203) 409-3773 info@earnreit.com
or
Media: Amanda Shpiner/Sara Widmann Gasthalter & Co. for
Ellington Residential Mortgage REIT (212) 257-4170
Ellington@gasthalter.com
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