Ellington Residential Declares Monthly Common Dividend
March 07 2024 - 4:19PM
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 April 25, 2024 to
shareholders of record as of March 29, 2024.
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 and Part II, Item 1A of the
Company's Quarterly Report on Form 10-Q for the quarterly period
ended September 30, 2023, 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 real estate investment
trust that specializes in acquiring, investing in, and managing
residential mortgage-related, real estate-related, and other assets
including corporate CLOs, 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/20240307027039/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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