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Ellington Financial Announces the Income Tax Treatment of its 2025 Distributions
Businesswire· 2026-02-03 00:00
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2025 on the Company's common and preferred stock has been posted to the Company's website, at the following links. About Ellington Financial Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgag ...
4 REITs Offering Monthly Dividends With Yields Up to 11.7%
Investing· 2026-01-30 10:21
Market Analysis by covering: SL Green Realty Corp, Realty Income Corp, Ellington Financial LLC, Apple Hospitality REIT Inc. Read 's Market Analysis on Investing.com ...
Ellington Financial Announces Redemption of Series A Preferred Stock
Businesswire· 2026-01-28 14:11
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 4,600,000 outstanding shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") (NYSE: EFC PR A). The anticipated redemption date is February 27, 2026 (the "Redemption Date†). The Series A Preferred Stock will be redeemed at a price equal to the liquidation preference of $25.00 ...
Ellington Financial Prices Common Stock Offering
Businesswire· 2026-01-27 00:40
Core Viewpoint - Ellington Financial Inc. has announced a public offering of 8,775,000 shares of common stock, expecting gross proceeds of $118.5 million before fees and expenses, with an option for underwriters to purchase an additional 1,316,250 shares [1][2]. Group 1: Offering Details - The offering is expected to close on January 28, 2026, and is subject to customary closing conditions [1]. - Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering [1]. - The shares will be issued under the existing shelf registration statement effective since December 23, 2025 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to redeem all outstanding shares of the Company's Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which currently accrues dividends at a floating rate [2]. - Any remaining net proceeds may be utilized for general corporate purposes, including acquiring targeted assets in line with the Company's investment objectives [2]. Group 3: Company Overview - Ellington Financial invests in a diverse range of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, consumer loans, and other strategic investments [4].
Ellington Financial Announces Common Stock Offering
Businesswire· 2026-01-26 21:05
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company†) announced today that it has commenced an underwritten public offering of 8,775,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 1,316,250 shares of common stock. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. The Company expects to use the net proceeds of the offering ...
Element Solutions Acquires EFC, Adds to its High-Value Portfolio
ZACKS· 2026-01-06 16:36
Core Insights - Element Solutions Inc. (ESI) has completed the acquisition of EFC Gases & Advanced Materials, enhancing its offerings in specialty and rare gases and advanced materials [2] - EFC will operate as a standalone business unit within the newly renamed "Specialties Segment," which is expected to drive growth in semiconductor manufacturing, electrical transmission infrastructure, and space applications [2][6] - The new segment is focused on niche, high-value markets with an emphasis on value-added technical service, supporting long-term revenue streams and pricing resilience [3] Financial Expectations - ESI anticipates mid-single-digit growth from the new segment, with adjusted EBITDA margins exceeding 20% and a durable cash flow profile [4][6] - The acquisition aligns with ESI's strategy to enhance overall business quality and profitability [4] Market Performance - ESI's shares have increased by 2.8% over the past year, outperforming the industry average growth of 0.9% [4]
Mortgage Rates End 2025 With Fresh Low: 3 mREIT Stocks in Focus
ZACKS· 2026-01-06 14:56
Mortgage Market Overview - Mortgage rates ended 2025 at 6.15%, down from 6.91% a year prior, providing relief for homebuyers [1][10] - The year 2025 experienced high rates near 7% in the first half, which limited homebuying activity, but rates stabilized around 6.2% from mid-September due to Federal Reserve's monetary policy easing [2][10] Impact on Home Sales and mREITs - Lower mortgage rates and slower home price growth have increased pending home sales, indicating a potential rebound in the mortgage market for 2026 [3][10] - The improving housing conditions are expected to enhance financing conditions, boost transaction activity, and stabilize demand, which may lead to stronger fundamentals for mREITs [4][10] mREIT Stocks to Watch Ellington Financial (EFC) - EFC invests in a diverse range of financial assets, including residential and commercial mortgage loans, and has a strong securitization platform [5][6] - The company employs dynamic hedging strategies and maintains a balanced portfolio, with a dividend yield of 11.3% and a history of raising dividends [7] - Zacks Consensus Estimates indicate a 25.3% year-over-year earnings growth for 2025 [8] Annaly Capital Management (NLY) - NLY focuses on prudent asset selection and capital allocation, investing in Agency mortgage-backed securities and non-agency assets [12][13] - The company has a dividend yield of 12.2% and has raised its dividend once in the past five years, with a projected earnings growth of 7.4% for 2025 [14] NexPoint Real Estate Finance (NREF) - NREF specializes in originating and investing in first mortgage loans and commercial mortgage-backed securities, with a focus on multi-family and single-family rentals [17][19] - The company has a dividend yield of 14.2% and has raised its dividend three times over the past five years, with earnings growth estimates of 1.7% for 2025 [20]
Element Solutions Inc Completes Acquisition of EFC Gases & Advanced Materials
Businesswire· 2026-01-05 12:30
Core Viewpoint - Element Solutions Inc has successfully completed the acquisition of EFC Gases & Advanced Materials, which will now function as a standalone business unit within the newly renamed "Specialties Segment" [1] Group 1: Acquisition Details - The acquisition of EFC Gases & Advanced Materials was previously announced and is now finalized [1] - EFC will be reported within the Company's newly renamed "Specialties Segment," which was formerly known as the "Industrial & Specialty Segment" [1] Group 2: Leadership Commentary - CEO Benjamin Gliklich expressed positive sentiments regarding the acquisition, indicating a strategic move for the company [1]
Ellington Financial Announces Estimated Book Value Per Common Share as of November 30, 2025
Businesswire· 2025-12-30 21:15
Company Overview - Ellington Financial Inc. announced an estimated book value per share of common stock of $13.17 as of November 30, 2025, which includes the effect of a previously announced monthly dividend of $0.13 per share to be paid on December 31, 2025 [1] Investment Strategy - The company invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, and both mortgage-related and non-mortgage-related derivatives [5]
Ellington Financial's Historical Value Creation May Offer Insights Into Its Future Returns (NYSE:EFC)
Seeking Alpha· 2025-12-30 14:56
Ellington Financial, Inc. ( EFC ) is a real estate investment trust, or REIT. The company “[acquires] and [manages] mortgage-related, consumer-related, corporate-related, and other financial assets,” according to its website . Of those assets, 89% are mortgage-related, according toMy name is Xinyun Hang, though I go by Charles Hang. I'm a value investor who focuses on companies with high free cash flow yields, especially those that are trading at a low EV/FCF (enterprise value to free cash flow) ratio. I li ...