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Stock impact report

Ellington Financial LLC Completes Corporate Conversion and is Renamed Ellington Financial Inc.

Ellington Financial Inc. (EFC) 
Last ellington financial inc. earnings: 2/12 04:44 pm Check Earnings Report
US:NYSE Investor Relations: ir.ellingtonfinancial.com
Company Research Source: Business Wire
OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE:EFC) (“Ellington Financial” or the “Company”) announced today that it has completed its conversion to a corporation under Delaware law and changed its name to Ellington Financial Inc. from Ellington Financial LLC. Since the Company had already elected to be taxed as a corporation for U.S. federal and state income tax purposes effective January 1, 2019, no material tax or financial changes are expected from the state law conversion. Each existing common share of Ellington Financial LLC was converted into a fully paid share of common stock, $0.001 par value per share, of Ellington Financial Inc. without any action required by shareholders. “We are pleased to complete our state law conversion, which we’ve done in conjunction with our conversion to a REIT,” said Laurence Penn, Chief Executive Officer and President. “We believe that our Show less Read more
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