secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Financial Inc. (EFC)
CIK:        0001411342
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001411342-23-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Financial Q1 net income $38.9M ($0.58/sh); book value $15.10
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- Credit strategy contributed $35.5M ($0.53/sh); Agency $5.3M ($0.08/sh); Longbridge $6.5M ($0.10/sh).
- Adjusted Distributable Earnings $30.3M ($0.45/sh); monthly dividend $0.15/sh.
- Book value per share $15.10; economic return of 3.3% for the quarter.
- Recourse debt-to-equity 2.1:1; overall 9.0:1; cash + unencumbered assets $617.7M.
- Issued 4.0M shares of Series C preferred stock; repurchased common shares at discount to book value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000094/0001411342-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000094/efc-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001411342-23-000094

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