Ellington Financial to price public sale of 3.5 million common shares

Deutsche Bank, BofA, Stifel Nicolaus Weisel and JMP Securities assist

By Devika Patel

Knoxville, Tenn., Aug. 14 - Ellington Financial LLC will price a public offering of 3.5 million common shares with a 30-day greenshoe for an additional 525,000 shares, according to a preliminary prospectus supplement filed Wednesday with the Securities and Exchange Commission.

Deutsche Bank Securities Inc.; Bank of America Merrill Lynch; Stifel, Nicolaus & Co., Inc. and JMP Securities LLC are assisting.

Proceeds will be used to purchase targeted assets and for general corporate purposes.

Ellington is a specialty finance company formed to specialize in various fixed-income investment strategies. The company is based in Old Greenwich, Conn.

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