Ellington Financial LLC Reports Estimated Book Value Per Share as of July 31, 2017
08 August 2017 - 8:12AM
Business Wire
Ellington Financial LLC (NYSE: EFC) ("Ellington Financial" or
the "Company") today announced that its estimated book value per
common share as of July 31, 2017 was $19.55, or $19.27 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 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 July 31, 2017 is indicative of what the Company's results are
likely to be for the three or nine month period ending September
30, 2017 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 16, 2017, 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 LLCEllington Financial LLC is a
specialty finance company that primarily acquires and manages
mortgage-related and consumer-related assets, including residential
mortgage-backed securities, residential and commercial mortgage
loans, consumer loans and asset-backed securities backed by
consumer loans, commercial mortgage-backed securities, real
property, and mortgage-related derivatives. The Company also
invests in corporate debt and equity, including distressed debt,
collateralized loan obligations, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170807006077/en/
Investors:Ellington Financial LLCMaria Cozine, 203-409-3575Vice
President of Investor RelationsorLisa Mumford, 203-409-3575Chief
Financial Officerinfo@ellingtonfinancial.comorMedia:Gasthalter
& Co., for Ellington Financial LLCAmanda Klein or Kevin
Fitzgerald, 212-257-4170Ellington@gasthalter.com
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