Ellington Residential Mortgage REIT Announces Public Offering of Common Shares
The Company expects to use the net proceeds of the offering to acquire its targeted assets. The Company may also use the net proceeds for working capital and general corporate purposes.
The offering of common shares will be made pursuant to the Company's
existing shelf registration statement on Form S-3, which was declared
effective by the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
This press release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
numerous risks and uncertainties. Actual results may differ from our
beliefs, expectations, estimates, and projections and, consequently, you
should not rely on these forward-looking statements as predictions of
future events. Forward-looking statements are not historical in nature
and can be identified by words such as "believe," "expect,"
"anticipate," "estimate," "project," "plan," "continue," "intend,"
"should," "would," "could," "goal," "objective," "will," "may," "seek,"
or similar expressions or their negative forms, or by references to
strategy, plans, or intentions. No assurance can be given that the
offering discussed above will be completed on the terms described or at
all, or that the net proceeds of the offering will be used as indicated.
Completion of the offering on the terms described, and the application
of the net proceeds of the offering, are subject to numerous possible
events, factors and conditions, many of which are beyond the control of
the Company and not all of which are known to it, including, without
limitation, market conditions and those described under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2016 and as updated by those risk factors included in
the Company's subsequent filings under the Securities Exchange Act of
1934, as amended, which can be accessed at the
Ellington Residential Mortgage REIT
Maria Cozine, 203-409-3773
Vice President of Investor Relations
Lisa Mumford, 203-409-3773
Chief Financial Officer