other material
confidence high
sentiment neutral
materiality 0.70
Ellington Financial reports preliminary Q2 results and merger updates with Arlington and Great Ajax
Ellington Financial Inc.
- Estimated book value per share of $14.70 as of June 30, 2023, after dividends of $0.45 per share.
- Net income per share estimated at $0.04 for the quarter ended June 30, 2023.
- Adjusted Distributable Earnings per share estimated between $0.35 and $0.39 for the quarter.
- Company entered into merger agreements with Arlington Asset Investment Corp. and Great Ajax Corp., expected to close in Q4 2023.
- Filed unaudited pro forma condensed combined financial statements reflecting both mergers.