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Ellington Financial Inc. Closes Common Stock Offering

Ellington Financial Inc. Prices Common Stock Offering Background Image

Vinson & Elkins advised Ellington Financial Inc. in connection with an underwritten public offering of 5,000,000 shares of common stock for total expected gross proceeds of $91.3 million, before underwriting fees and estimated offering expenses.

The offering closed on October 15, 2021.

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies and other strategic investments.

The V&E team was led by partners Daniel LeBey and Chris Green, with assistance from senior associate Zach Swartz and associate Bekah Briggs.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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