Ellington Financial 5M share Spot Secondary priced at $25.50 BofA/Merrill, Deutsche Bank, Credit Suisse and UBS acted as joint book running managers for the offering.
Ellington Financial reports Q1 EPS $1.94, consensus $1.04 The company says Q1 results reflect positive contributions from both of its core strategies: non-Agency MBS as well as Agency RMBS.