Ellington Financial Announces REIT Conversion and Closing of Exchange Offer
“I am excited that we completed our tax conversion from a publicly
traded partnership,” said
The Company will issue a final Schedule K-1 to shareholders who held shares in 2018. For 2019, the Company will issue a Form 1099 to shareholders reporting all dividends paid.
The Company also announced today that it has closed on its exchange
offer relating to its 5.25% Senior Notes due
The New Notes have not been registered under the Securities Act or any
state securities laws, and, unless so registered, may not be offered or
sold in
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 Company’s planned REIT election and
tax reporting, and statements regarding the potential benefits of
converting to a REIT. 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. Furthermore, forward-looking statements are subject to
risks 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/20190213005796/en/
Source:
Investors:
Ellington Financial
Investor Relations, 203-409-3575
info@ellingtonfinancial.com
or
Media:
Gasthalter
& Co., for Ellington Financial
Amanda Klein / Kevin FitzGerald,
212-257-4170
ellington@gasthalter.com