June 19, 2024


General Line

Ellington Financial Inc. Announces Appointments to Board of Administrators

Aged GREENWICH, Conn.–(Enterprise WIRE)–Jan 28, 2021–

Ellington Financial Inc. (NYSE: EFC) (“EFC” or the “Company”) now introduced that Dr. Ronald I. Simon, an Unbiased Director of the Business considering the fact that 2007, has been appointed Chairman of the Board of Administrators (the “Board”). Dr. Simon replaces Thomas F. Robards, who is stepping down from his function as Chairman and remains on the Board as an Independent Director. In addition, Stephen J. Dannhauser, the former chairman of Weil, Gotshal & Manges LLP, has been appointed to the Board as an Unbiased Director, efficient right away.

“We are delighted to announce that Ronald Simon will now provide as our Chairman of the Board. Ron has deep know-how of the Enterprise and has been an invaluable asset as a Director of the Company given that its inception in 2007. We are also thrilled to welcome Stephen Dannhauser to our Board. Offered Steve’s deep know-how in corporate law and his many years of practical experience advising company boards at Weil, we think that he will add a useful new point of view,” explained Laurence Penn, Main Govt Officer of EFC.

Dr. Simon included, “I am honored to have been chosen to direct EFC’s Board. I seem ahead to doing work with the EFC Board and management group in this elevated part, and I am committed to remaining a good steward for shareholders.”

Mr. Dannhauser concluded, “I am incredibly thrilled to sign up for the Board of EFC. I believe that that I can include price and an supplemental perspective to the Board as the Corporation continues to mature. I glimpse ahead to a vibrant long run for EFC.”

Prior to becoming a member of the Board, Mr. Dannhauser labored at Weil, Gotshal & Manges LLP (“Weil”) from 1975 until 2012. Mr. Dannhauser was named Weil’s executive companion in 1989 and served as its chairman from 2001 to 2012. Mr. Dannhauser continued to perform at Weil in a consulting ability by way of 2015. All through his tenure at Weil, Mr. Dannhauser performed a essential role in crafting and executing company methods that expanded Weil from its headquarters in New York to comprise 20 offices on 3 continents. For the duration of his tenure as chairman and govt associate, Mr. Dannhauser spent the bulk of his time overseeing the small business functions of the agency, making its platform and increasing and deepening its shopper foundation. Mr. Dannhauser served as a director of Hydra Industries Acquisition Corp., a particular intent acquisition corporation, from October 2014 right until December 2016. Mr. Dannhauser has been a member of the subsequent businesses, committees and boards: The Fellows of the American Bar Basis Fellow of The New York Bar Foundation ABA Law Firm Pro Bono Task Advisory Committee The Countrywide Minority Business enterprise Council NYC Bar Affiliation Committee to Enhance Diversity The Partnership for New York Metropolis Chairman of the Board of Directors of The New York Law enforcement and Hearth Widows’ and Children’s Reward Fund Chairman of the Board of Directors of Boys & Ladies Harbor, Inc. Member of the Board of Directors of Citizens Committee for New York Metropolis Member of the Board of Administrators of United Way of New York Metropolis Advisory Board Member, New York Needs You and Honorary Member of the Honor Legion of the Law enforcement Section of the Metropolis of New York. Mr. Dannhauser graduated from the State College of New York at Stonybrook (B.A. with honors, 1972), and from Brooklyn Legislation College (J.D. with honors in 1975), in which he was a member and choices editor of the Brooklyn Legislation Overview (1973-1975). Mr. Dannhauser spends considerable time on various pro bono and philanthropic issues. We believe that that Mr. Dannhauser is competent to serve as a member of our board of administrators thanks to his various directorship roles, leadership knowledge, and organization market contacts.

Cautionary Statements

This push launch has forward-searching statements in just the that means of the safe and sound harbor provisions of the Personal Securities Litigation Reform Act of 1995. Forward-looking statements contain quite a few dangers and uncertainties. The Company’s actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you must not depend on these forward-wanting statements as predictions of potential situations. Forward-on the lookout statements are not historical in mother nature and can be identified by words this kind of as “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “continue,” “intend,” “should,” “would,” “could,” “goal,” “objective,” “will,” “may,” “seek” or very similar expressions or their damaging varieties, or by references to strategy, strategies, or intentions. Examples of ahead-seeking statements in this push release include things like statements about the Company’s board of directors. The Company’s results can fluctuate from month to month and from quarter to quarter based on a range of things, some of which are over and above the Company’s management and/or are complicated to predict, together with, without the need of limitation, modifications in desire prices and the sector worth of the Company’s securities, adjustments in mortgage loan default premiums and prepayment prices, the Company’s capability to borrow to finance its assets, changes in govt rules impacting the Company’s company, the Company’s skill to maintain its exclusion from registration under the Expenditure Organization Act of 1940, the Company’s means to keep its qualification as a real estate financial commitment have confidence in, or “REIT,” and other modifications in current market circumstances and financial tendencies, together with adjustments resulting from the financial outcomes linked to the COVID-19 pandemic, and linked responses to the pandemic. Moreover, forward-seeking statements are subject matter to pitfalls and uncertainties, which include, amid other points, all those described beneath Product 1A of the Company’s Annual Report on Type 10-K filed on March 13, 2020 and Element II, Product 1A of the Company’s Quarterly Report on Type 10-Q filed on May 21, 2020, as amended, which can be accessed via the Company’s web site at www.ellingtonfinancial.com or at the SEC’s site ( www.sec.gov ). Other hazards, uncertainties, and aspects that could result in real benefits to vary materially from individuals projected may be described from time to time in studies the Company information with the SEC, which includes reviews on Kinds 10-Q, 10-K and 8-K. The Business undertakes no obligation to update or revise any forward-hunting statements, whether or not as a result of new facts, future situations, or usually.

This launch and the data contained herein do not constitute an offer you of any securities or solicitation of an supply to obtain securities.

About Ellington Financial

Ellington Financial invests in a varied array of fiscal property, including household and commercial property finance loan financial loans, residential and professional mortgage-backed securities, buyer financial loans and asset-backed securities backed by customer financial loans, collateralized bank loan obligations, non-mortgage loan and home loan-connected derivatives, fairness investments in bank loan origination providers, and other strategic investments. Ellington Monetary is externally managed and suggested by Ellington Financial Management LLC, an affiliate of Ellington Administration Team, L.L.C.

Perspective supply version on businesswire.com:https://www.businesswire.com/information/residence/20210128006060/en/

Get in touch with: Buyers:

Ellington Financial Inc.

Trader Relations

(203) 409-3575

[email protected]



Amanda Klein or Kevin FitzGerald

Gasthalter & Co.

for Ellington Economical

(212) 257-4170

[email protected]


Market Key phrase: CONSULTING BANKING Experienced Solutions FINANCE

Source: Ellington Economic Inc.

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PUB: 01/28/2021 04:15 PM/DISC: 01/28/2021 04:15 PM