Ellington Financial Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
EFC$11.35-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits and Financial Statement Schedules
(a) Documents filed as part of this report:
- Financial Statements:
See Index to consolidated financial statements, included in Part II, Item 8 of this Annual Report on Form 10-K.
- Schedules to Financial Statements:
Except as disclosed below, all other financial statement schedules have been omitted because they are either inapplicable or the information required is provided in our Financial Statements and Notes thereto, included in Part II, Item 8, of this Annual Report on Form 10-K.
Ellington Financial Inc.
Schedule IV—Mortgage Loans on Real Estate
December 31, 2023
| Asset Type | Description | Number of Loans | Interest Rate | Maturity Date | Periodic Payment Terms | Prior Liens | Face Amount of Mortgages | Carrying Amount of Mortgages(1)(2) | Principal Amount of loans subject to delinquent principal or interest |
|---|---|---|---|---|---|---|---|---|---|
| Residential Mortgage Loans: · (In thousands) | |||||||||
| Adjustable Rate Residential Mortgage Loan | $0–$249,999 | 5 | 6.75%–7.88% | 10/34–12/48 | n/a | n/a | n/a | $691 | $— |
| Adjustable Rate Residential Mortgage Loan | $250,000–$499,999 | 8 | 6.50%–9.25% | 11/47–10/49 | n/a | n/a | n/a | 2,560 | 1,576 |
| Adjustable Rate Residential Mortgage Loan | $500,000–$749,999 | 5 | 3.00%–7.37% | 7/35–10/49 | n/a | n/a | n/a | 3,188 | 2,631 |
| Adjustable Rate Residential Mortgage Loan | $750,000–$999,999 | 3 | 6.25%–7.75% | 12/48–7/52 | n/a | n/a | n/a | 2,520 | 1,653 |
| Adjustable Rate Residential Mortgage Loan | $1,000,000–$1,249,999 | 1 | 5.75% | 7/52 | n/a | n/a | n/a | 1,008 | — |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $0–$249,999 | 185 | 4.00%–9.99% | 8/46–4/50 | n/a | n/a | n/a | 26,489 | 899 |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $250,000–$499,999 | 177 | 4.50%–10.25% | 5/46–2/60 | n/a | n/a | n/a | 50,036 | 1,789 |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $500,000–$749,999 | 60 | 4.50%–8.25% | 1/47–3/60 | n/a | n/a | n/a | 30,210 | 682 |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $750,000–$999,999 | 22 | 4.13%–8.38% | 2/47–7/59 | n/a | n/a | n/a | 15,004 | 893 |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $1,000,000–$1,249,999 | 15 | 4.24%–9.88% | 3/47–11/61 | n/a | n/a | n/a | 14,658 | — |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $1,250,000–$1,499,999 | 6 | 4.50%–11.13% | 11/46–2/60 | n/a | n/a | n/a | 7,195 | — |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $1,500,000–$1,749,999 | 2 | 5.75%–6.50% | 11/48–6/49 | n/a | n/a | n/a | 3,010 | — |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $2,250,000–$2,499,999 | 3 | 5.49%–5.99% | 11/48–9/59 | n/a | n/a | n/a | 6,248 | — |
| Adjustable Rate Residential Mortgage Loan Held in Securitization Trust | $2,500,000–$2,749,999 | 1 | 4.25% | 11/61 | n/a | n/a | n/a | 2,162 | — |
| Fixed Rate Residential Mortgage Loan | $0–$249,999 | 2,065 | 3.00%–16.25% | 1/24–1/64 | n/a | n/a | n/a | 302,328 | 18,356 |
| Fixed Rate Residential Mortgage Loan | $250,000–$499,999 | 1,310 | 3.00%–15.50% | 1/24–1/64 | n/a | n/a | n/a | 392,023 | 28,621 |
| Fixed Rate Residential Mortgage Loan | $500,000–$749,999 | 384 | 3.38%–14.75% | 1/24–10/63 | n/a | n/a | n/a | 202,469 | 11,181 |
| Fixed Rate Residential Mortgage Loan | $750,000–$999,999 | 227 | 3.38%–12.75% | 1/24–9/63 | n/a | n/a | n/a | 163,669 | 12,350 |
| Fixed Rate Residential Mortgage Loan | $1,000,000–$1,249,999 | 134 | 3.38%–12.99% | 1/24–10/63 | n/a | n/a | n/a | 122,918 | 4,446 |
| Asset Type | Description | Number of Loans | Interest Rate | Maturity Date | Periodic Payment Terms | Prior Liens | Face Amount of Mortgages | Carrying Amount of Mortgages(1)(2) | Principal Amount of loans subject to delinquent principal or interest |
|---|---|---|---|---|---|---|---|---|---|
| Residential Mortgage Loans (Continued): · (In thousands) | |||||||||
| Fixed Rate Residential Mortgage Loan | $1,250,000–$1,499,999 | 80 | 3.50%–12.00% | 1/24–6/63 | n/a | n/a | n/a | 86,922 | 6,959 |
| Fixed Rate Residential Mortgage Loan | $1,500,000–$1,749,999 | 49 | 3.25%–12.25% | 1/24–1/63 | n/a | n/a | n/a | 62,994 | 3,729 |
| Fixed Rate Residential Mortgage Loan | $1,750,000–$1,999,999 | 36 | 3.38%–11.99% | 1/24–9/53 | n/a | n/a | n/a | 48,664 | 6,650 |
| Fixed Rate Residential Mortgage Loan | $2,000,000–$2,249,999 | 22 | 3.25%–12.00% | 2/24–3/62 | n/a | n/a | n/a | 36,509 | 1,386 |
| Fixed Rate Residential Mortgage Loan | $2,250,000–$2,499,999 | 10 | 7.49%–12.00% | 2/24–12/53 | n/a | n/a | n/a | 17,665 | 2,250 |
| Fixed Rate Residential Mortgage Loan | $2,500,000–$2,749,999 | 12 | 3.63%–12.00% | 2/24–12/53 | n/a | n/a | n/a | 24,172 | 2,368 |
| Fixed Rate Residential Mortgage Loan | $2,750,000–$2,999,999 | 10 | 7.75%–11.50% | 2/24–1/53 | n/a | n/a | n/a | 17,306 | 4,754 |
| Fixed Rate Residential Mortgage Loan | $3,000,000–$3,249,000 | 3 | 3.75%–9.49% | 2/24–3/52 | n/a | n/a | n/a | 6,459 | — |
| Fixed Rate Residential Mortgage Loan | $3,250,000–$3,499,000 | 2 | 8.99%–11.88% | 3/24–11/24 | n/a | n/a | n/a | 2,975 | — |
| Fixed Rate Residential Mortgage Loan | $3,500,000–$3,749,000 | 1 | 10.99% | 1/24 | n/a | n/a | n/a | 3,561 | — |
| Fixed Rate Residential Mortgage Loan | $4,000,000–$4,249,999 | 1 | 8.55% | 4/24 | n/a | n/a | n/a | 2,843 | — |
| Fixed Rate Residential Mortgage Loan | $4,250,000-$4,499,999 | 2 | 11.75% | 5/25 | n/a | n/a | n/a | 8,833 | — |
| Fixed Rate Residential Mortgage Loan | $4,500,000-$4,749,999 | 1 | 10.99% | 11/24 | n/a | n/a | n/a | 3,736 | — |
| Fixed Rate Residential Mortgage Loan | $5,500,000-$5,749,999 | 2 | 10.99%–11.50% | 7/24–12/24 | n/a | n/a | n/a | 9,924 | — |
| Fixed Rate Residential Mortgage Loan | $8,500,000–$8,749,000 | 1 | 10.00% | 2/24 | n/a | n/a | n/a | 3,087 | — |
| Fixed Rate Residential Mortgage Loan | $9,500,000–$9,799,000 | 1 | 11.99% | 10/24 | n/a | n/a | n/a | 9,517 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $0–$249,999 | 1,359 | 3.25%–8.50% | 1/47–7/62 | n/a | n/a | n/a | 203,382 | 2,798 |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $250,000–$499,999 | 1,217 | 3.13%–8.38% | 12/34–6/62 | n/a | n/a | n/a | 362,602 | 5,139 |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $500,000–$749,999 | 493 | 3.00%–8.00% | 11/47–6/62 | n/a | n/a | n/a | 254,267 | 1,986 |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $750,000–$999,999 | 211 | 3.25%–7.63% | 2/37–5/62 | n/a | n/a | n/a | 153,683 | 3,389 |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $1,000,000–$1,249,999 | 113 | 3.25%–6.38% | 10/48–6/62 | n/a | n/a | n/a | 107,276 | 1,200 |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $1,250,000–$1,499,999 | 92 | 3.25%–6.88% | 10/48–5/62 | n/a | n/a | n/a | 106,424 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $1,500,000–$1,749,999 | 48 | 3.25%–6.25% | 11/47–5/62 | n/a | n/a | n/a | 66,885 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $1,750,000–$1,999,999 | 29 | 3.25%–6.88% | 4/50–6/62 | n/a | n/a | n/a | 45,506 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $2,000,000–$2,249,999 | 14 | 3.25%–6.13% | 4/50–7/62 | n/a | n/a | n/a | 24,807 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $2,250,000–$2,499,999 | 11 | 3.63%–5.99% | 10/50–9/61 | n/a | n/a | n/a | 22,102 | — |
| Asset Type | Description | Number of Loans | Interest Rate | Maturity Date | Periodic Payment Terms | Prior Liens | Face Amount of Mortgages | Carrying Amount of Mortgages(1)(2) | Principal Amount of loans subject to delinquent principal or interest |
|---|---|---|---|---|---|---|---|---|---|
| Residential Mortgage Loans (Continued): · (In thousands) | |||||||||
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $2,500,000–$2,749,999 | 9 | 3.25%–5.25% | 1/51–7/61 | n/a | n/a | n/a | 20,335 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $2,750,000–$2,999,999 | 5 | 3.25%–5.00% | 2/51–11/61 | n/a | n/a | n/a | 11,991 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $3,000,000–$3,249,000 | 6 | 3.38%–5.75% | 10/50–1/62 | n/a | n/a | n/a | 15,552 | — |
| Fixed Rate Residential Mortgage Loan Held in Securitization Trust | $3,250,000–$3,499,000 | 2 | 4.50% | 4/51–9/61 | n/a | n/a | n/a | 5,547 | — |
| Total Residential Mortgage Loans | 3,093,912 | 127,685 | |||||||
| Commercial Mortgage Loans: | |||||||||
| Adjustable Rate Commercial Mortgage Loan | $0–$4,999,999 | 1 | 11.84% | 9/24 | n/a | n/a | n/a | 1,515 | — |
| Adjustable Rate Commercial Mortgage Loan | $5,000,000–$9,999,999 | 18 | 9.83%–13.24% | 1/24–10/25 | n/a | n/a | n/a | 142,483 | — |
| Adjustable Rate Commercial Mortgage Loan | $10,000,000–$14,999,999 | 6 | 10.74%–13.10% | 2/24–12/24 | n/a | n/a | n/a | 70,024 | 10,400 |
| Adjustable Rate Commercial Mortgage Loan(3) | $15,000,000–$19,999,999 | 1 | 13.46% | n/a | n/a | n/a | n/a | 14,725 | 15,500 |
| Adjustable Rate Commercial Mortgage Loan | 20,000,000–$24,999,999 | 2 | 5.75%–11.24% | 3/24–7/24 | n/a | n/a | n/a | 26,248 | 21,836 |
| Adjustable Rate Commercial Mortgage Loan | 25,000,000–$29,999,999 | 1 | 10.30% | 12/25 | n/a | n/a | n/a | 11,600 | — |
| Total Commercial Mortgage Loans | 266,595 | 47,736 | |||||||
| Reverse Mortgage Loans: | |||||||||
| Adjustable Rate Reverse Mortgage Loan(4) | $0–$249,999 | 24,490 | 3.16%–12.40% | n/a | n/a | n/a | n/a | 3,653,580 | 87,166 |
| Adjustable Rate Reverse Mortgage Loan(4) | $250,000–$499,999 | 11,040 | 3.16%–12.40% | n/a | n/a | n/a | n/a | 3,915,381 | 80,653 |
| Adjustable Rate Reverse Mortgage Loan(4) | $500,000–$749,999 | 1,126 | 3.79%–12.40% | n/a | n/a | n/a | n/a | 650,746 | 28,992 |
| Adjustable Rate Reverse Mortgage Loan(4) | $750,000–$999,999 | 38 | 7.13%–12.40% | n/a | n/a | n/a | n/a | 35,470 | 1,586 |
| Adjustable Rate Reverse Mortgage Loan(4) | $1,000,000–$1,249,999 | 6 | 12.04%–12.40% | n/a | n/a | n/a | n/a | 7,251 | 1,061 |
| Adjustable Rate Reverse Mortgage Loan(4) | $1,250,000–$1,499,999 | 5 | 11.64%–12.29% | n/a | n/a | n/a | n/a | 8,189 | — |
| Adjustable Rate Reverse Mortgage Loan(4) | $1,750,000–$1,999,999 | 1 | 12.29% | n/a | n/a | n/a | n/a | 1,967 | — |
| Adjustable Rate Reverse Mortgage Loan(4) | $2,000,000–$2,249,999 | 2 | 12.04%–12.29% | n/a | n/a | n/a | n/a | 4,727 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $0–$249,999 | 786 | 2.99%–10.99% | n/a | n/a | n/a | n/a | 132,479 | 3,810 |
| Fixed Rate Reverse Mortgage Loan(4) | $250,000–$499,999 | 875 | 2.85%–10.99% | n/a | n/a | n/a | n/a | 291,785 | 4,302 |
| Fixed Rate Reverse Mortgage Loan(4) | $500,000–$749,999 | 187 | 2.99%–10.99% | n/a | n/a | n/a | n/a | 104,223 | 2,191 |
| Fixed Rate Reverse Mortgage Loan(4) | $750,000–$999,999 | 42 | 5.81%–10.99% | n/a | n/a | n/a | n/a | 38,389 | 1,664 |
| Fixed Rate Reverse Mortgage Loan(4) | $1,000,000–$1,249,999 | 27 | 8.99%–10.49% | n/a | n/a | n/a | n/a | 32,464 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $1,250,000–$1,499,999 | 15 | 8.38%–10.75% | n/a | n/a | n/a | n/a | 21,541 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $1,500,000–$1,749,999 | 6 | 9.75%–10.38% | n/a | n/a | n/a | n/a | 10,411 | 1,561 |
| Fixed Rate Reverse Mortgage Loan(4) | $1,750,000–$1,999,999 | 5 | 8.99%–10.49% | n/a | n/a | n/a | n/a | 9,972 | — |
| Asset Type | Description | Number of Loans | Interest Rate | Maturity Date | Periodic Payment Terms | Prior Liens | Face Amount of Mortgages | Carrying Amount of Mortgages(1)(2) | Principal Amount of loans subject to delinquent principal or interest |
|---|---|---|---|---|---|---|---|---|---|
| Reverse Mortgage Loans (Continued): · (In thousands) | |||||||||
| Fixed Rate Reverse Mortgage Loan(4) | $2,000,000–$2,249,999 | 2 | 8.99%–10.13% | n/a | n/a | n/a | n/a | 4,470 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $2,250,000–$2,499,999 | 2 | 8.99%–9.75% | n/a | n/a | n/a | n/a | 5,278 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $2,500,000–$2,749,999 | 1 | 10.74% | n/a | n/a | n/a | n/a | 2,769 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $3,000,000–$3,249,000 | 1 | 9.38% | n/a | n/a | n/a | n/a | 3,111 | — |
| Fixed Rate Reverse Mortgage Loan(4) | $3,750,000–$3,999,000 | 1 | 9.99% | n/a | n/a | n/a | n/a | 4,348 | — |
| Total Reverse Mortgage Loans | 8,938,551 | 212,986 | |||||||
| Total Mortgage Loans | 12,299,058 | 388,407 | |||||||
(1)Aggregate cost for federal income tax purposes is $1.8 billion for commercial and non-securitized residential mortgage loans. Excluded from this amount is the cost basis for federal income tax purposes of $1.6 billion of securitized residential loans and $8.2 billion of reverse mortgage loans that have been pooled into HMBS; such loans have been deemed to be sold for tax purposes but do not meet the requirements for true sale under U.S. GAAP.
(2)As of December 31, 2023, all of the Company's mortgage loans were carried at fair value. See Note 2 and Note 3 in the notes to our consolidated financial statements for additional details.
(3)In foreclosure, maturity date past due.
(4)Maturity date is not applicable for reverse mortgage loans.
The following table presents a roll-forward of the fair value of the Company's mortgage loans on real estate for the years ended December 31, 2023, 2022, and 2021.
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands) | |||
| Beginning Balance | $11,617,079 | $2,342,425 | $1,400,100 |
| Additions: | |||
| Purchases | 3,349,900 | 11,325,966 | 1,949,449 |
| Net unrealized gain | 620,451 | — | — |
| Deductions: | |||
| Cost of mortgages sold | (501,593) | (530,171) | (145,755) |
| Collections of principal | (2,728,769) | (1,349,308) | (812,988) |
| Amortization of premium and (discounts) | (8,336) | (13,607) | (13,754) |
| Foreclosures | (35,223) | (3,128) | (14,033) |
| Net unrealized loss | — | (18,299) | (119) |
| Net realized loss | (14,451) | (136,799) | (20,475) |
| Ending Balance | $12,299,058 | $11,617,079 | $2,342,425 |
- Exhibits:
| Exhibit | Description |
| 2.1 | Agreement and Plan of Merger, dated as of May 29, 2023, by and among the Company, EF Merger Sub Inc., Arlington Asset Investment Corp. and, solely for the limited purposes set forth therein, Ellington Financial Management LLC (incorporated by reference to Exhibit 2.1 of Ellington Financial Inc.’s Current Report on Form 8-K filed with the SEC on May 30, 2023) |
| 2.2 | Agreement and Plan of Merger, dated as of June 30, 2023, by and among the Company, EF Acquisition I LLC and Great Ajax Corp. (incorporated by reference to Exhibit 2.1 of the Registrant’s Current Report on Form 8-K filed on July 3, 2023) |
| 3.1 | Certificate of Incorporation of Ellington Financial Inc. (incorporated by reference to Exhibit 3.3 of the Current Report on Form 8-K filed on March 4, 2019) |
| 3.2 | Certificate of Amendment to Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Current Report on Form 8-K filed on May 22, 2023) |
| 3.3 | Amended and Restated Bylaws of Ellington Financial Inc. (incorporated by reference to Exhibit 3.1 of the Current Report on Form 8-K , filed on January 5, 2023) |
| 3.4 | Certificate of Designations of 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.3 of the Registration Statement on Form 8-A filed on October 21, 2019) |
| 3.5 | Certificate of Amendment of Certificate of Designations of 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.1 of the Current Report on Form 8-K filed on January 21, 2022) |
| 3.6 | Certificate of Designations of 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.4 of the Registration Statement on Form 8-A filed on December 10, 2021) |
| 3.7 | Certificate of Amendment of Certificate of Designations of 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.2 of the Current Report on Form 8-K filed on January 21, 2022) |
| 3.8 | Certificate of Designations of 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.7 of the Registration Statement on Form 8-A filed on February 3, 2023) |
| 3.9 | Certificate of Designations of 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.9 of the Registration Statement on Form 8-A filed on December 13, 2023) |
| 3.10 | Certificate of Designations of 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated by reference to Exhibit 3.10 of the Registration Statement on Form 8-A filed on December 13, 2023) |
| 4.1 | Form of certificate representing the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated herein by reference to Exhibit 4.1 of the Registration Statement on Form 8-A filed on October 21, 2019) |
| 4.2 | Form of certificate representing the 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated herein by reference to Exhibit 4.2 of the Registration Statement on Form 8-A filed on December 10, 2021) |
| 4.3 | Form of certificate representing the 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated herein by reference to Exhibit 4.3 of the Registration Statement on Form 8-A filed on February 3, 2023) |
| 4.4 | Form of certificate representing the 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock of Ellington Financial Inc. (incorporated herein by reference to Exhibit 4.4 of the Registration Statement on Form 8-A filed on December 13, 2023) |
| 4.5 | Form of certificate representing the 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Ellington Financial Inc. (incorporated herein by reference to Exhibit 4.5 of the Registration Statement on Form 8-A filed on December 13, 2023) |
| 4.6 | Indenture, dated as of March 31, 2022, among EF Holdco Inc., EF Cayman Holdings Ltd., Ellington Financial REIT Cayman Ltd., Ellington Financial REIT TRS LLC and EF Cayman Non-MTM Ltd., as Issuers, and Ellington Financial Inc, as Parent, and Wilmington Trust, National Association, as trustee (incorporated by reference to Exhibit 4.1 of the Current Report on Form 8-K filed on March 31, 2022) |
| Exhibit | Description |
| (continued) | |
|---|---|
| 4.7 | Form of EF Holdco Inc.’s, EF Cayman Holdings Ltd.’s, Ellington Financial REIT Cayman Ltd.’s, Ellington Financial REIT TRS LLC’s and EF Cayman Non-MTM Ltd.’s 5.875% Senior Notes due 2027 (included in Exhibit 4.4) |
| 4.8 | Description of Securities Registered under Section 12 of the Exchange Act |
| Certain instruments defining the rights of holders of long-term debt securities of the Company and its subsidiaries are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the Securities and Exchange Commission, upon request, copies of any such instruments. | |
| 10.1† | Seventh Amended and Restated Management Agreement, by and between the Company, Ellington Financial Operating Partnership LLC and Ellington Financial Management LLC, dated as of March 13, 2018 (incorporated by reference to Exhibit 10.1 of the Annual Report on Form 10-K for the fiscal year ended December 31, 2017) |
| 10.2 | Amended and Restated Limited Liability Company Operating Agreement of Ellington Financial Operating Partnership LLC, by and between the Company, Ellington Financial Operating Partnership LLC and EMG Holdings, L.P., dated as of December 14, 2023 (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed on December 14, 2023) |
| 10.3 | Termination Agreement, dated as of October 20, 2023, by and between Great Ajax Corp. and the Company (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed on October 20, 2023) |
| 10.4 | Securities Purchase Agreement, dated as of October 20, 2023, by and between Great Ajax Corp. and the Company (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed on October 20, 2023) |
| 10.5† | 2007 Incentive Plan for Individuals (incorporated by reference to Exhibit 10.2 of the Registration Statement on Form S-11 (No. 333-160562), filed July 14, 2009, as amended) |
| 10.6† | 2007 Incentive Plan for Entities (incorporated by reference to Exhibit 10.3 of the Registration Statement on Form S-11 (No. 333-160562), filed July 14, 2009, as amended) |
| 10.7† | Ellington Financial LLC 2017 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed on May 18, 2017) |
| 10.8† | Form of LTIP Unit Award Agreement for Directors (incorporated by reference to Exhibit 10.6 of the Annual Report on Form 10-K for the fiscal year ended December 31, 2011) |
| 10.9† | Form of LTIP Unit Award Agreement for Individuals (incorporated by reference to Exhibit 10.7 of the Annual Report on Form 10-K for the fiscal year ended December 31, 2011) |
| 10.10† | Form of Individual LTIP Unit Award Agreement under 2017 Equity Incentive Plan (incorporated by reference to Exhibit 10.2 of the Current Report on Form 8-K filed on May 18, 2017) |
| 10.11† | Form of Non-Employee Director LTIP Unit Award Agreement under 2017 Equity Incentive Plan (incorporated by reference to Exhibit 10.3 of the Current Report on Form 8-K filed on May 18, 2017) |
| 10.12† | Form of OP LTIP Unit Award for Directors (incorporated by reference to Exhibit 10.12 of the Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2019) |
| 10.13† | Form of OP LTIP Unit Award for Officers (incorporated by reference to Exhibit 10.13 of the Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2019) |
| 10.14† | Form of Indemnity Agreement (incorporated by reference to Exhibit 10.5 of the Registration Statement on Form S-11 (No. 333-160562), filed on September 3, 2009, as amended) |
| 21.1 | List of Subsidiaries (incorporated by reference to Exhibit 21.1 of the Registration Statement on Form S-4 (No. 333-273309), filed on July 18, 2023) |
| 23.1 | Consent of the Independent Registered Public Accounting Firm |
| 23.2 | Consent of PricewaterhouseCoopers LLP, for Financial Statements of Longbridge Financial, LLC |
| 23.3 | Consent of Richey May & Co., for Financial Statements of LendSure Mortgage Corp. |
| 24.1 | Power of Attorney (included on Signature Page) |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes – Oxley Act of 2002 |
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes – Oxley Act of 2002 |
| 32.1* | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes – Oxley Act of 2002 |
| 32.2* | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes – Oxley Act of 2002 |
| Exhibit | Description |
| (continued) | |
|---|---|
| 97.1† | Policy Relating to Recovery of Erroneously Awarded Compensation |
| 99.1 | Financial Statements of LendSure Mortgage Corp. for the years ended December 31, 2023 and 2022 |
| 99.2 | Financial Statements of LendSure Mortgage Corp. for the years ended December 31, 2022 and 2021 (incorporated by reference to Exhibit 99.1 of the Annual Report on Form 10-K for the Year Ended December 31, 2022, as amended) |
| 99.3 | Financial Statements of Longbridge Financial, LLC as of October 2, 2022 and for the period January 1, 2022 through October 2, 2022 (incorporated by reference to Exhibit 99.2 of the Annual Report on Form 10-K for the Year Ended December 31, 2022, as amended) |
| 99.4 | Ellington Financial Inc. unaudited pro forma condensed combined financial information for the year ended December 31, 2022 (incorporated by reference to Exhibit 99.3 of the Annual Report on Form 10-K for the Year Ended December 31, 2022, as amended) |
| 99.5 | Financial Statements of Longbridge Financial, LLC (incorporated by reference to Exhibit 99.4 of the Annual Report on Form 10-K for the Year Ended December 31, 2022, as amended) |
| 99.6 | Financial Statements of LendSure Mortgage Corp. as of and for the years ended December 31, 2021, 2020, and 2019 (incorporated by reference to Exhibit 99.2 of the Annual Report on Form 10-K for the Year Ended December 31, 2021, as amended) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
- Furnished herewith. These certifications are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
† Management or compensatory plan or arrangement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.