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Ellington Financial readies stock offering

Jul. 17, 2019 4:30 PM ETEllington Financial Inc. (EFC) StockBy: Gaurav Batavia, SA News Editor2 Comments
  • Ellington Financial (NYSE:EFC) commenced an underwritten public offering of 3.5M common shares.
  • Underwriters over-allotment is an additional 0.525M common shares.
  • Net proceeds will be used to acquire its targeted assets, working capital and general corporate purposes.
  • EFC -1.6% after hours to $18.01
  • Source: Press Release

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