Ellington Financial (EFC) Prices 4.2M Share Common Offering at $18.20/Sh

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Go back to Ellington Financial (EFC) Prices 4.2M Share Common Offering at $18.20/Sh

Ellington Financial Inc. Announces Pricing of Common Stock Offering

November 18, 2019 8:25 PM EST

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (Ellington Financial or the Company) announced today that it has priced an underwritten public offering of 4,200,000 shares of common stock at a price to the public of $18.20 per share. The Company has granted the underwriters an option for 30 days to purchase up to an additional 630,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on November 21, 2019. UBS Securities LLC, Credit Suisse Securities (USA) LLC, BofA Securities, and Keefe Bruyette & Woods, Inc. are acting as joint... More