Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Relating to Preliminary Prospectus dated October 4, 2010
Registration Statement No. 333-160562
October 7, 2010
Ellington Financial LLC
Common Shares Representing Limited Liability Company Interests
This issuer free writing prospectus relates only to the securities described below and should be read together with the preliminary prospectus dated October 4, 2010.
| Issuer | Ellington Financial LLC (the “Company”) | |
| Securities offered | 4,500,000 common shares representing limited liability company interests | |
| Over-allotment option | 675,000 shares | |
| Common shares to be outstanding after the public offering1 | 16,485,670 shares | |
| Price to the public | $22.50 per share | |
| Gross proceeds from the public offering | Approximately $101.3 million (or approximately $116.4 million if the underwriters fully exercise their over-allotment option) | |
| Net proceeds from the public offering | Approximately $94.9 million (or approximately $109.2 million if the underwriters fully exercise their over-allotment option) after deducting (a) underwriting discounts and commissions of (i) $2.3 million with respect to the sale of 1,713,400 shares and (ii) $0.6 million with respect to the sale of 2,786,600 shares to certain of the Company’s existing shareholders and certain other investors with whom the Company or its affiliates have an existing relationship, including up to 400,000 common shares reserved for sale to certain of the Company’s officers and directors and other persons associated with the Company, and (b) estimated offering expenses, in each case payable by the Company. | |
| Settlement date | October 14, 2010 | |
| Underwriters | Deutsche Bank Securities Inc. Cantor Fitzgerald & Co. | |
| 1 | Excludes the common shares that the Company may issue and sell pursuant to the over-allotment option. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, or by calling 1-800-503-4611.
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