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Stock impact report

Ellington Financial Inc. Announces Common Stock Offering

Ellington Financial Inc. (EFC) 
Last ellington financial inc. earnings: 2/12 04:44 pm Check Earnings Report
US:NYSE Investor Relations: ir.ellingtonfinancial.com
Company Research Source: Business Wire
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial” or the "Company") announced today that it has commenced an underwritten public offering of 3,500,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 525,000 shares of common stock. Credit Suisse Securities (USA) LLC, UBS Securities LLC, JMP Securities LLC, Keefe Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering.The Company expects to use the net proceeds of the offering to acquire its targeted assets. The Company may also use the net proceeds for working capital and general corporate purposes.The shares of common stock will be offered under the Company's existing shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission on April 3, 2019. The offering is being made only by means of a Show less Read more
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