secwatch / observer
8-K filed November 14, 2023, 6:59 PM ET ticker EFC CIK 0001411342
other material confidence high sentiment neutral materiality 0.30

Ellington Financial adds UBS and Armstrong as ATM agents; up to $168.33M available

Ellington Financial Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.8

Ellington Financial Inc. entered into Armstrong Sales Agreement with Armstrong Securities LLC valued at common stock offering program with up to $168.33 million Shares available for sale (effective 2023-11-13).

Action
entry
Agreement
equity purchase
Counterparty
Armstrong Securities LLC
Value
common stock offering program with up to $168.33 million Shares available for sale
Effective
2023-11-13
Exact text from the filing
On November 13, 2023, Ellington Financial Inc. (the “Company”) and Ellington Financial Management LLC, the Company’s manager (the "Manager"), entered into (i) an equity distribution agreement (the “UBS Sales Agreement”) by and among the Company, the Manager and UBS Securities LLC (“UBS” and an "Agent") to include UBS as an additional sales agent in the Company's previously announced at the market common stock offering program and(ii) an equity distribution agreement (the “Armstrong Sales Agreement”) by and among the Company, the Manager and Armstrong Securities LLC (“Armstrong” and an "Agent") to include Armstrong as an additional sales agent in the Company's previously announced at the market common stock offering program.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.8

Ellington Financial Inc. amended Amendments to Existing Sales Agreements with Citizens JMP Securities LLC, B. Riley Securities Inc., Ladenburg Thalmann & Co. Inc. valued at Amendments modify Existing Sales Agreements to include UBS and Armstrong as additional sales agents (effective 2023-11-13).

Action
amendment
Agreement
equity purchase
Counterparty
Citizens JMP Securities LLC, B. Riley Securities Inc., Ladenburg Thalmann & Co. Inc.
Value
Amendments modify Existing Sales Agreements to include UBS and Armstrong as additional sales agents
Effective
2023-11-13
Exact text from the filing
Also on November 13, 2023, the Company and the Manager entered into amendments (the "Amendments") to each of the equity distribution agreements, dated as of August 6, 2021, as amended on January 24, 2023, by and among the Company and the Manager, on the one hand, and each of Citizens JMP Securities, LLC, B. Riley Securities, Inc., and Ladenburg Thalmann & Co. Inc. (each, an "Agent" and, collectively with UBS and Armstrong, the "Agents"), respectively, on the other hand (as amended, the "Existing Sales Agreements" and, collectively with the UBS Sales Agreement and the Armstrong Sales Agreement, the "Sales Agreements").
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.8

Ellington Financial Inc. entered into UBS Sales Agreement with UBS Securities LLC valued at common stock offering program with up to $168.33 million Shares available for sale (effective 2023-11-13).

Action
entry
Agreement
equity purchase
Counterparty
UBS Securities LLC
Value
common stock offering program with up to $168.33 million Shares available for sale
Effective
2023-11-13
Exact text from the filing
On November 13, 2023, Ellington Financial Inc. (the “Company”) and Ellington Financial Management LLC, the Company’s manager (the "Manager"), entered into (i) an equity distribution agreement (the “UBS Sales Agreement”) by and among the Company, the Manager and UBS Securities LLC (“UBS” and an "Agent") to include UBS as an additional sales agent in the Company's previously announced at the market common stock offering program and(ii) an equity distribution agreement (the “Armstrong Sales Agreement”) by and among the Company, the Manager and Armstrong Securities LLC (“Armstrong” and an "Agent") to include Armstrong as an additional sales agent in the Company's previously announced at the market common stock offering program.
View on SEC.gov

Browse all material agreements →

Ellington Financial Inc. filing history →

Source: SEC EDGAR
accession 0001411342-23-000187
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