Ellington Financial Inc. Announces the Income Tax Treatment of its 2019 Distributions on Common Stock
Stockholders should review their Forms 1099 as well as other 2019 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, stockholders are encouraged to consult with their own professional tax advisors with respect to their individual tax consequences.
During 2019, the Company paid total distributions of
Declaration
|
Record
|
Payable
|
Total
|
Box 1a
|
Box 1b
|
Box 2a Total
|
Box 3
|
Box 5
|
|||||||||
02/14/2019 |
03/01/2019 |
03/15/2019 |
$0.41000 |
$0.34718 |
$0.00067 |
$0.02297 |
$0.03985 |
$0.34651 |
|||||||||
03/11/2019 |
03/29/2019 |
04/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
04/05/2019 |
04/30/2019 |
05/28/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
05/07/2019 |
05/31/2019 |
06/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
06/07/2019 |
06/28/2019 |
07/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
07/08/2019 |
07/31/2019 |
08/26/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
08/07/2019 |
08/30/2019 |
09/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
09/09/2019 |
09/30/2019 |
10/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
10/07/2019 |
10/31/2019 |
11/25/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
|||||||||
11/07/2019 |
11/29/2019 |
12/26/2019 |
$0.14000 |
$0.11855 |
$0.00023 |
$0.00784 |
$0.01361 |
$0.11832 |
1 Reported as nondividend distributions on Form 1099
No portion of the Company's 2019 distributions is expected to consist of unrelated business taxable income (UBTI), which is subject to special tax reporting for certain tax exempt investors, or is expected to consist of excess inclusion income.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Actual results may differ from the Company's beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek," or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Examples of forward-looking statements in this press release include, without limitation, statements regarding the expected tax treatment of the Company’s dividends. The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's securities, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940, the Company’s ability to qualify and maintain its qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends. Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. Completion of the offering on the terms described, and the application of the net proceeds of the offering, are subject to numerous possible events, factors and uncertainties, including, among other things, those described under Item 1A of the Company's Annual Report on Form 10-K filed on
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20200130005874/en/
Source:
Investors:
Ellington Financial Inc.
Investor Relations
(203) 409-3775
info@ellington.com
or
Media:
Amanda Klein or Kevin FitzGerald
Gasthalter & Co.
for Ellington Financial
(212) 257-4170
Ellington@gasthalter.com