Ellington Financial (EFC) Prices 3.5M Offering at $22.45/Share

August 15, 2012 8:51 AM EDT
Ellington Financial LLC (NYSE: EFC) announced that it has priced an underwritten public offering of 3,500,000 common shares representing limited liability company interests at a price to the public of $22.45 per share. The Company has granted the underwriters an option for 30 days to purchase up to an additional 525,000 common shares. The offering is subject to customary closing conditions and is expected to close on August 20, 2012. Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering. Stifel Nicolaus Weisel and JMP Securities are acting as co-managers for the offering.

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