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Ellington Financial (EFC) reports estimated book value of $24.74/share as of May 31. It's down...

Ellington Financial (EFC) reports estimated book value of $24.74/share as of May 31. It's down from $25.02 on April 30, but if you add back the just-announced $0.77 dividend, book value grew during the month even as interest rates rose sharply. At today's $23.06 close, the stock's trading at a 6.8% discount to book value.
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