Ellington Financial (EFC) Prices 5M Shares at $18.26/Sh
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Ellington Financial Inc. Prices Common Stock Offering
October 12, 2021 9:18 PM EDTOLD 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 5,000,000 shares of its common stock for total expected gross proceeds of $91.3 million, before underwriting fees and estimated offering expenses. The Company also granted the underwriters an option for 30 days to purchase up to an additional 750,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on October 15, 2021. Morgan Stanley & Co. LLC, BofA Securities, J.P. Morgan, UBS Securities LLC and... More
