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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 15, 2023
ELLINGTON FINANCIAL INC.
(Exact name of registrant as specified in its charter)
Delaware001-3456926-0489289
(State or other jurisdiction
of incorporation)
(Commission File Number)(IRS Employer Identification No.)
53 Forest Avenue
Old Greenwich, CT 06870
(Address and zip code of principal executive offices)
Registrant's telephone number, including area code: (203) 698-1200
Not Applicable
(Former Name or Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, $0.001 par value per share
EFC
The New York Stock Exchange
6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
EFC PR A
The New York Stock Exchange
6.250% Series B Fixed-Rate Reset
Cumulative Redeemable Preferred Stock
EFC PR BThe New York Stock Exchange
8.625% Series C Fixed-Rate Reset
Cumulative Redeemable Preferred Stock
EFC PR CThe New York Stock Exchange
7.00% Series D Cumulative Perpetual Redeemable Preferred StockEFC PRDThe New York Stock Exchange
8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred StockEFC PREThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨


Item 8.01.    Other Events
On December 15, 2023, Ellington Financial Inc. (the "Company") issued a press release announcing that its Board of Directors has declared a monthly dividend of $0.09 per share of common stock, payable on January 25, 2024 to common stockholders of record as of December 29, 2023. The monthly dividend of $0.09 per share of common stock is in addition to the Company's previously announced interim monthly dividend of $0.06 per share, paid on December 13, 2023 to shareholders of record as of December 8, 2023, which was prior to the completion of the Company's merger with Arlington Asset Investment Corp. on December 14, 2023.
The Company's press release also announced that its Board of Directors has declared the following: (i) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series A preferred stock"), payable on January 30, 2024 to Series A preferred stockholders of record as of December 29, 2023; (ii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series B preferred stock"), payable on January 30, 2024 to Series B preferred stockholders of record as of December 29, 2023; (iii) a quarterly dividend of $0.5390625 per share on the Company's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series C preferred stock"), payable on January 30, 2024 to Series C preferred stockholders of record as of December 29, 2023; (iv) a quarterly dividend of $0.4375 per share on the Company's 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock ("Series D preferred stock"), payable on January 2, 2024 to Series D preferred stockholders of record as of December 20, 2023; and (v) a quarterly dividend of $0.515625 per share on the Company's 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series E preferred stock"), payable on January 2, 2024 to Series E preferred stockholders of record as of December 20, 2023. A copy of the press release is filed herewith as Exhibit 99.1 to this current report on Form 8-K and the information related to the dividend is incorporated herein by reference.
 Item 9.01.    Financial Statements and Exhibits
 
(d) Exhibits.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   ELLINGTON FINANCIAL INC.
Date: December 15, 2023 By: /s/ JR Herlihy
   JR Herlihy
   Chief Financial Officer



Exhibit 99.1
Ellington Financial Declares Common and Preferred Dividends
OLD GREENWICH, Conn., December 15, 2023—Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.09 per share of common stock, payable on January 25, 2024 to common stockholders of record as of December 29, 2023. This monthly dividend of $0.09 per share of common stock is in addition to the Company's previously announced interim monthly dividend of $0.06 per share, paid on December 13, 2023 to shareholders of record as of December 8, 2023, which was prior to the completion of the Company's merger with Arlington Asset Investment Corp. on December 14, 2023.
The Company also announced that its Board of Directors has declared the following: (i) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series A preferred stock"), payable on January 30, 2024 to Series A preferred stockholders of record as of December 29, 2023; (ii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series B preferred stock"), payable on January 30, 2024 to Series B preferred stockholders of record as of December 29, 2023; (iii) a quarterly dividend of $0.5390625 per share on the Company's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series C preferred stock"), payable on January 30, 2024 to Series C preferred stockholders of record as of December 29, 2023; (iv) a quarterly dividend of $0.4375 per share on the Company's 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock ("Series D preferred stock"), payable on January 2, 2024 to Series D preferred stockholders of record as of December 20, 2023; and (v) a quarterly dividend of $0.515625 per share on the Company's 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series E preferred stock"), payable on January 2, 2024 to Series E preferred stockholders of record as of December 20, 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 involve numerous risks and uncertainties. The Company's actual results may differ from its 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 "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek" or 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 achieve the cost savings and efficiencies, operating efficiencies, synergies and other benefits, including the increased scale, and avoid potential business disruption from its completed merger with Arlington Asset Investment Corp., 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 Part 1. 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 June 30, 2023, which can each be accessed through the Company's website at 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 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 Financial
Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, reverse mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in


loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

v3.23.3
Cover
Dec. 15, 2023
Class of Stock [Line Items]  
Document Type 8-K
Document Period End Date Dec. 15, 2023
Entity Registrant Name ELLINGTON FINANCIAL INC
Entity Incorporation, State or Country Code DE
Entity File Number 001-34569
Entity Tax Identification Number 26-0489289
Entity Address, Address Line One 53 Forest Avenue
Entity Address, City or Town Old Greenwich
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06870
City Area Code 203
Local Phone Number 698-1200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001411342
Common Stock  
Class of Stock [Line Items]  
Title of 12(b) Security Common Stock, $0.001 par value per share
Trading Symbol EFC
Security Exchange Name NYSE
Series A Preferred Stock  
Class of Stock [Line Items]  
Title of 12(b) Security 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol EFC PR A
Security Exchange Name NYSE
Series B Preferred Stock  
Class of Stock [Line Items]  
Title of 12(b) Security 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock
Trading Symbol EFC PR B
Security Exchange Name NYSE
Series C Preferred Stock  
Class of Stock [Line Items]  
Title of 12(b) Security 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock
Trading Symbol EFC PR C
Security Exchange Name NYSE
Series D Preferred Stock  
Class of Stock [Line Items]  
Title of 12(b) Security 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock
Trading Symbol EFC PRD
Security Exchange Name NYSE
Series E Preferred Stock  
Class of Stock [Line Items]  
Title of 12(b) Security 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol EFC PRE
Security Exchange Name NYSE
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