Ellington Financial enters simplified management agreement effective April 2025; hurdle amount calculation streamlined

Ellington Financial Inc.

Board approved Eighth Amended Management Agreement replacing prior agreement effective April 1, 2025.
Changes include updating references to corporate form and simplifying the Hurdle Amount calculation for incentive fees.
No material impact on incentive fees expected from the simplification; initial term ends Dec 31, 2025.
Agreement automatically renews annually unless terminated by Company or Manager.

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