Ellington Residential Mortgage REIT Announces Public Offering of Common Shares
The Company expects to use net proceeds received from the offering to acquire its targeted assets. The Company may also use net proceeds for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of common shares in the offering by the selling shareholder.
The offering of common shares will be made pursuant to the Company’s existing shelf registration statement on Form S-3 (File No. 333-255515), 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 received by the Company will be used as indicated. Completion of the offering on the terms described, and the application of the net proceeds received by the Company, 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