{"schema_version":"secwatch.filing_event.v1","accession":"0001411342-24-000016","form_type":"8-K","ticker":"EFC","cik":"0001411342","company_name":"Ellington Financial Inc.","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.104845+00:00","generated_at":"2026-06-05T11:21:40.127263+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ellington Financial Q4 net income $0.18/share; proposes monthly dividend cut to $0.13","bullets":["Q4 2023 net income to common $12.5M ($0.18/share); Adj. Distributable Earnings $18.9M ($0.27/share).","Management recommends reducing monthly dividend from $0.15 to $0.13 starting March, implying 12.8% yield.","Book value per share $13.83; merger with Arlington closed Dec 14 ~1.1% dilutive to book value.","Credit portfolio net income $12.7M; Agency $14.6M; Longbridge net loss $3.4M.","Recourse debt-to-equity 2.0:1; total debt-to-equity 8.6:1."],"urls":{"canonical":"https://secwatch.observer/filing/0001411342-24-000016","json":"https://secwatch.observer/filing/0001411342-24-000016.json","markdown":"https://secwatch.observer/filing/0001411342-24-000016.md","text":"https://secwatch.observer/filing/0001411342-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/efc-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T11:21:40.127263+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2def761fe9b100b841754a546d82829371d044c7","claim":"Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.","evidence_excerpt":"Net income attributable to common stockholders of $12.5 million, or $0.18 per common share. 1 ◦ $27.3 million, or $0.38 per common share, from the investment portfolio.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Net income","value":"Adjusted Distributable Earnings of $18.9 million"},{"label":"EPS","value":"$0.27 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2def761fe9b100b841754a546d82829371d044c7","claim":"Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.","evidence_excerpt":"$14.6 million, or $0.20 per common share, from the Agency strategy.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Net income","value":"Adjusted Distributable Earnings of $18.9 million"},{"label":"EPS","value":"$0.27 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2def761fe9b100b841754a546d82829371d044c7","claim":"Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.","evidence_excerpt":"Adjusted Distributable Earnings 2 of $18.9 million, or $0.27 per common share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Net income","value":"Adjusted Distributable Earnings of $18.9 million"},{"label":"EPS","value":"$0.27 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"67a876b3b4b5544bec750e6a31df91a57c3a7ab2","claim":"Ellington Financial Inc. updated its quarter ended December 31, 2023 guidance (lowered).","evidence_excerpt":"Management expects to recommend to our board of directors a reduction of the monthly dividend from $0.15 to $0.13 per share, beginning in March","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}