secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Financial Inc. (EFC)
CIK:        0001411342
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001411342-23-000178
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Financial Q3 net income $0.10/sh, ADE $0.33/sh; book value $14.33; merger updates
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- Adjusted Distributable Earnings $22.5M ($0.33/sh); GAAP net income $6.6M ($0.10/sh).
- Book value per common share $14.33; quarterly dividend $0.15/sh (14.2% yield).
- Credit strategy net income $24.8M; Agency strategy net loss $10.5M; Longbridge net income $4.1M.
- Mutually terminated Great Ajax merger; expect to close Arlington Asset merger in Q4 2023.
- Recourse debt-to-equity 2.3:1; overall 9.4:1; cash $174.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000178/0001411342-23-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000178/efc-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001411342-23-000178

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