Ellington Financial (EFC) Announces 4.6M Share Common Stock Offering
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Ellington Financial Inc. Announces Common Stock Offering
January 21, 2020 4:17 PM ESTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (Ellington Financial or the "Company") announced today that it has commenced an underwritten public offering of 4,600,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 690,000 shares of common stock. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, BofA Securities, UBS Securities LLC and Keefe Bruyette & Woods, Inc. are acting as joint book-running managers for the offering.
The Company expects to use the net proceeds of the offering to... More
