Ellington Residential Mortgage REIT (EARN) Announces Offering of 3.25M Shares
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Ellington Residential Mortgage REIT Announces Public Offering of Common Shares
June 14, 2021 4:10 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the Company) today announced that it has commenced a public offering of 575,000 common shares and that a selling shareholder, Blackstone Tactical Opportunities EARN Holdings L.L.C., intends to offer 2,675,000 common shares in the offering. The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 487,500 common shares. Morgan Stanley & Co. LLC and UBS Securities LLC are acting as joint book-running managers for the offering.
The Company expects to use net proceeds received from... More
