Ellington Financial reported an estimated book value per common share of $13.17 as of November 30, 2025. This figure incorporates the effect of the upcoming monthly dividend of $0.13 per share, payable on December 31, 2025 to shareholders of record as of November 28, 2025, with the ex-dividend date matching the record date. The company’s book value estimate is subject to final valuation adjustments following month‐end and quarter‐end procedures, which could lead to material changes. Investors should note that this estimate may not reflect the NAV at year‐end or future periods, and the firm has no obligation to update the estimate prior to issuing audited financial statements.

Since its IPO, Ellington Financial has generated annual shareholder value creation of 4.49% of NAV per share, trailing the S&P 500’s 12.5% annual return. The equity currently trades at a 2.2% premium to net asset value, near historical peaks for the company. Management projects future value creation in the 4–5% range of share price, driven primarily by the $1.56 annualized dividend yield, partially offset by modest declines in NAV per share. Continued performance will depend on factors such as mortgage default and prepayment rates, interest rate movements, and liquidity in the securitized products market.