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Ellington Financial LLC Announces Public Offering Of Common Shares


Wednesday, 8 May 2013 04:31pm EDT 

Ellington Financial LLC announced that it has commenced a public offering of 5,000,000 common shares representing limited liability company interests. The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 750,000 common shares. BofA Merrill Lynch, Deutsche Bank Securities, Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods and JMP Securities are acting as co-managers for the offering. The Company expects to use the net proceeds of the offering to acquire certain of its targeted assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing and subprime residential mortgage loans and residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. government agency or a U.S. government-sponsored enterprise. The Company may also use the net proceeds for working capital and general corporate purposes. 

Company Quote

23.74
-0.05 -0.21%
25 Jul 2014