Stay updated with breaking news from Michael Vranos. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ellington Financial Inc. entered into an agreement to acquire Great Ajax Corp. for $180 million on June 30, 2023. Pursuant to the merger agreement terms, each share of Great Ajax common stock will...
Ellington Financial Inc., a real estate investment trust that acquired a controlling interest in reverse mortgage lender Longbridge Financial LLC last year, said Tuesday it has agreed to acquire Arlington Asset Investment Corp. (AAIC). Under the terms of the merger agreement, each share of Arlington common stock will be converted to 0.3619 shares of Ellington Financial common stock, or approximately 11.7 million shares of Ellington Financial common stock in the aggregate, Ellington Financial said.
− Transaction Provides Increased Scale and Enhanced Access to Capital Markets – − Aligned Platforms and Capital Expected to Drive Earnings Accretion and Sustained Long-Term Growth... | May 30, 2023
− Transaction Provides Increased Scale and Enhanced Access to Capital Markets – − Aligned Platforms and Capital Expected to Drive Earnings Accretion and Sustained Long-Term... | May 30, 2023
The transaction comes along with a low-coupon, low leverage $13 billion conforming portfolio, providing capital for further growth.