Ellington Financial (EFC) Closes 3.5M Offering

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Ellington Financial LLC (NYSE: EFC) has closed its previously-announced underwritten public offering of 3,500,000 common shares representing limited liability company interests for net proceeds of approximately $76.7 million, after deducting underwriting discounts and commissions and estimated expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 common shares. Deutsche Bank Securities and BofA Merrill Lynch acted as joint book-running managers for the offering. Stifel Nicolaus Weisel and JMP Securities acted as co-managers.

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Related Entities

Stifel Nicolaus, Deutsche Bank, Merrill Lynch, Bank of America, JMP Securities

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