NYSE:EFCMortgage REITs
Ellington Financial Expands Credit Book To Support Dividend And Valuation Potential
Ellington Financial expanded its credit exposure, including non-QM loans, reverse mortgages through Longbridge, and CLOs.
The company completed its largest unsecured notes offering to date, adding funding capacity for balance sheet growth.
Management is using the expanded balance sheet to support originations and distributable earnings that fund dividends.
For anyone tracking NYSE:EFC, the latest moves matter more than a routine dividend headline. The stock trades at $12.05, with a 1 year...