Ellington Financial Launches 8.775M Common Stock Offering
Benzinga Newsdesk 9 months ago
News
Ellington Financial Inc. (NYSE:EFC) (the "Company") announced today that it has commenced an underwritten public offering of 8,775,000 shares of common stock. The Company also expects to grant the underwriters an option
Ellington Financial Inc. (NYSE:EFC) (the "Company") announced today that it has commenced an underwritten public offering of 8,775,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 1,316,250 shares of common stock. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.