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Ellington Financial LLC Announces Exercise Of Underwriters' Option To Purchase Additional Shares

Stocks in this article: EFC

OLD GREENWICH, Conn., Sept. 11, 2012 /PRNewswire/ -- Ellington Financial LLC (NYSE: EFC) (the "Company") today announced that the underwriters of its public offering of 3,500,000 common shares representing limited liability company interests that closed on August 20, 2012 have exercised in full their option to purchase an additional 525,000 common shares. Subject to customary closing conditions, the closing for the additional common shares is expected to occur on September 12, 2012.

The Company will receive proceeds of approximately $11.2 million from the sale of the additional shares, net of the underwriting discounts and commissions payable on such additional shares. After giving effect to the purchase of the additional shares by the underwriters, the Company will have sold a total of 4,025,000 common shares in the offering and will have received approximately $87.9 million in net proceeds.

In connection with the offering, Deutsche Bank Securities and BofA Merrill Lynch acted as joint book-running managers and Stifel Nicolaus Weisel and JMP Securities acted as co-managers.

The offering of common shares was made pursuant to the Company's existing shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission.  The offering was made only by means of a prospectus supplement and accompanying base prospectus, which were filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from Deutsche Bank Securities, Attention: Prospectus Department, at 60 Wall Street, New York, New York 10005-2836, by e-mail at prospectus.cpdg@db.com , or by telephone at (800) 503-4611; or BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, New York 10038, Attn: Prospectus Department or by e-mail at dg.prospectus_requests@baml.com .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor shall there be any sale of such shares or any other 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.

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