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Ellington Financial to Buy Arlington Asset Investment Corp 

Ellington Financial Inc, a REIT invests in residential and commercial mortgage loans, and Arlington Asset Investment Corp, a REIT invests primarily in mortgage-related assets, have entered into a definitive merger agreement with Ellington Financial acquiring Arlington.  

The deal is expected to result in Ellington Financial having a pro forma equity capital base of over $1.5 billion. Upon completion, Ellington Financial stockholders will own approximately 85% of the combined company, while Arlington stockholders will own approximately 15%. The merged company will operate under “Ellington Financial Inc.” and continue trading on the NYSE under the “EFC” ticker.  

“We believe that the benefits of this acquisition include greater operating efficiencies, a larger market capitalization, and attractive long-term unsecured debt and preferred equity capital,” said Laurence Penn, Ellington Financial’s chief executive officer. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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