June 21, 2024


General will live on forever

Ellington Financial Inc. Announces Appointments to Board of Administrators

Old GREENWICH, Conn.–(Business enterprise WIRE)–Jan 28, 2021–

Ellington Money Inc. (NYSE: EFC) (“EFC” or the “Company”) nowadays introduced that Dr. Ronald I. Simon, an Independent Director of the Organization due to the fact 2007, has been appointed Chairman of the Board of Administrators (the “Board”). Dr. Simon replaces Thomas F. Robards, who is stepping down from his job as Chairman and stays on the Board as an Unbiased Director. In addition, Stephen J. Dannhauser, the previous chairman of Weil, Gotshal & Manges LLP, has been appointed to the Board as an Impartial Director, effective straight away.

“We are pleased to announce that Ronald Simon will now provide as our Chairman of the Board. Ron has deep information of the Enterprise and has been an invaluable asset as a Director of the Corporation because its inception in 2007. We are also thrilled to welcome Stephen Dannhauser to our Board. Offered Steve’s deep expertise in company legislation and his many years of encounter advising company boards at Weil, we think that he will increase a worthwhile new viewpoint,” explained Laurence Penn, Chief Govt Officer of EFC.

Dr. Simon added, “I am honored to have been picked to direct EFC’s Board. I seem ahead to doing the job with the EFC Board and management workforce in this elevated position, and I am dedicated to getting a very good steward for shareholders.”

Mr. Dannhauser concluded, “I am very excited to sign up for the Board of EFC. I believe that I can add worth and an further point of view to the Board as the Enterprise continues to develop. I look forward to a shiny potential for EFC.”

Prior to becoming a member of the Board, Mr. Dannhauser labored at Weil, Gotshal & Manges LLP (“Weil”) from 1975 until eventually 2012. Mr. Dannhauser was named Weil’s executive partner in 1989 and served as its chairman from 2001 to 2012. Mr. Dannhauser ongoing to function at Weil in a consulting capacity as a result of 2015. During his tenure at Weil, Mr. Dannhauser performed a key role in crafting and executing small business methods that expanded Weil from its headquarters in New York to comprise 20 offices on three continents. All through his tenure as chairman and executive spouse, Mr. Dannhauser put in the bulk of his time overseeing the enterprise functions of the agency, building its platform and growing and deepening its shopper foundation. Mr. Dannhauser served as a director of Hydra Industries Acquisition Corp., a exclusive intent acquisition corporation, from Oct 2014 till December 2016. Mr. Dannhauser has been a member of the pursuing corporations, committees and boards: The Fellows of the American Bar Foundation Fellow of The New York Bar Basis ABA Regulation Organization Pro Bono Project Advisory Committee The National Minority Business Council NYC Bar Association Committee to Enhance Diversity The Partnership for New York City Chairman of the Board of Directors of The New York Police and Hearth Widows’ and Children’s Profit Fund Chairman of the Board of Administrators of Boys & Girls Harbor, Inc. Member of the Board of Administrators of Citizens Committee for New York Town 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 Department of the Town of New York. Mr. Dannhauser graduated from the Point out College of New York at Stonybrook (B.A. with honors, 1972), and from Brooklyn Regulation School (J.D. with honors in 1975), where he was a member and conclusions editor of the Brooklyn Regulation Overview (1973-1975). Mr. Dannhauser spends significant time on various professional bono and philanthropic issues. We believe that Mr. Dannhauser is qualified to serve as a member of our board of administrators owing to his several directorship roles, leadership experience, and company field contacts.

Cautionary Statements

This push launch has ahead-wanting statements inside the that means of the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Ahead-searching statements entail numerous dangers and uncertainties. The Company’s genuine outcomes may perhaps differ from its beliefs, expectations, estimates, and projections and, as a result, you should really not rely on these forward-wanting statements as predictions of potential gatherings. Forward-hunting statements are not historic in character and can be discovered by terms this kind of as “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “continue,” “intend,” “should,” “would,” “could,” “goal,” “objective,” “will,” “may,” “seek” or identical expressions or their damaging varieties, or by references to technique, designs, or intentions. Illustrations of ahead-on the lookout statements in this push release include things like statements about the Company’s board of administrators. The Company’s results can fluctuate from month to thirty day period and from quarter to quarter dependent on a variety of elements, some of which are further than the Company’s management and/or are tough to predict, like, without limitation, changes in fascination premiums and the marketplace worth of the Company’s securities, improvements in mortgage loan default premiums and prepayment premiums, the Company’s capability to borrow to finance its belongings, modifications in govt laws influencing the Company’s company, the Company’s potential to sustain its exclusion from registration below the Investment decision Corporation Act of 1940, the Company’s means to maintain its qualification as a true estate expense rely on, or “REIT,” and other adjustments in industry conditions and financial tendencies, together with modifications ensuing from the economic outcomes similar to the COVID-19 pandemic, and linked responses to the pandemic. Moreover, forward-seeking statements are issue to hazards and uncertainties, which include, among the other matters, those people explained less than Merchandise 1A of the Company’s Once-a-year Report on Type 10-K filed on March 13, 2020 and Section II, Product 1A of the Company’s Quarterly Report on Type 10-Q filed on Might 21, 2020, as amended, which can be accessed via the Company’s website at www.ellingtonfinancial.com or at the SEC’s internet site ( www.sec.gov ). Other pitfalls, uncertainties, and aspects that could lead to precise effects to vary materially from all those projected may possibly be explained from time to time in studies the Corporation information with the SEC, like reports on Forms 10-Q, 10-K and 8-K. The Corporation undertakes no obligation to update or revise any ahead-on the lookout statements, regardless of whether as a final result of new info, long run functions, or normally.

This launch and the information and facts contained herein do not constitute an offer of any securities or solicitation of an supply to purchase securities.

About Ellington Monetary

Ellington Fiscal invests in a numerous array of financial assets, like household and commercial home finance loan loans, residential and commercial mortgage-backed securities, client financial loans and asset-backed securities backed by consumer loans, collateralized mortgage obligations, non-mortgage loan and home loan-linked derivatives, fairness investments in financial loan origination firms, and other strategic investments. Ellington Economic is externally managed and suggested by Ellington Money Administration LLC, an affiliate of Ellington Administration Group, L.L.C.

Check out source version on businesswire.com:https://www.businesswire.com/news/property/20210128006060/en/

Get hold of: Buyers:

Ellington Financial Inc.

Investor Relations

(203) 409-3575

[email protected]



Amanda Klein or Kevin FitzGerald

Gasthalter & Co.

for Ellington Economical

(212) 257-4170

[email protected]


Industry Key phrase: CONSULTING BANKING Expert Providers FINANCE

Source: Ellington Financial Inc.

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