Ellington Financial LLC Reports Estimated Book Value Per Share as of May 31, 2017
Ellington Financial LLC (NYSE:EFC) ("Ellington Financial" or the "Company") today announced that its estimated book value per
common share as of May 31, 2017 was $19.42, or $19.14 on a diluted basis. Estimated book value per share on a diluted basis takes
into account securities convertible into the Company's common shares. These amounts give effect to the previously announced
dividend in the amount of $0.45 per common share and convertible security, payable on June 15, 2017 to holders of record on June 1,
2017, with an ex-dividend date of May 30, 2017. These estimates are subject to change upon completion of the Company's month-end
valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that
the Company's estimated book value per common share as of May 31, 2017 is indicative of what the Company's results are likely to be
for the three or six month period ending June 30, 2017 or in future periods, and the Company undertakes no obligation to update or
revise its estimated book value per common share prior to issuance of financial statements for such periods.
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. Our actual results
may differ from our 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 "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek,"
"plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. The Company's results
can fluctuate from month to month 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, changes in mortgage default rates and prepayment
rates, 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 our Annual Report on Form 10-K filed on March 16,
2017, which can be accessed through the link to our SEC filings under "For Our Shareholders" on our website ( www.ellingtonfinancial.com ) or at the SEC's website ( www.sec.gov ). Other risks, uncertainties, and factors that could cause actual results to differ materially
from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and
8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events, or otherwise.
This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to
purchase securities.
About Ellington Financial LLC
Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related and consumer-related
assets, including residential mortgage-backed securities, residential and commercial mortgage loans, consumer loans and
asset-backed securities backed by consumer loans, commercial mortgage-backed securities, real property, and mortgage-related
derivatives. The Company also invests in corporate debt and equity, including distressed debt, collateralized loan obligations,
non-mortgage-related derivatives, and other financial assets, including private debt and equity investments in mortgage-related
entities. Ellington Financial LLC is externally managed and advised by Ellington Financial Management LLC, an affiliate of
Ellington Management Group, L.L.C.
Investor:
Ellington Financial LLC
Maria Cozine, Vice President of Investor Relations
Lisa Mumford, Chief Financial Officer
(203) 409-3575
info@ellingtonfinancial.com
or
Media:
Gasthalter & Co., for Ellington Financial LLC
Amanda Klein or Kevin Fitzgerald
(212) 257-4170
Ellington@gasthalter.com.
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