Ellington Financial Inc. announced an estimated book value per common share of $13.17 as of November 30, 2025. This estimate incorporates the impact of the previously declared monthly dividend of $0.13 per share, payable on December 31, 2025 to holders of record as of November 28, 2025. The firm cautions that this preliminary figure remains subject to final valuation procedures at month-end and quarter-end, and may be materially adjusted when the full set of investment position valuations is completed. Investors should note that the company does not intend to update this estimate before issuing its formal financial statements for the period ending December 31, 2025.

Since its IPO, Ellington Financial has delivered annualized shareholder value creation of approximately 4.49% of net asset value per share, significantly trailing the S&P 500’s 12.5% annualized gain over the same period. Despite trading near a record valuation, driven by consistent monthly dividends, long-term NAV per share growth has been modest. Looking ahead, management expects future total return to approximate 4–5% of share price, largely supported by a dividend yield in the 9%–10% range but offset by limited NAV growth under current market conditions and mortgage-backed securities spread compression.