OLD GREENWICH, Conn., May 4, 2015 /PRNewswire/ -- Ellington Financial LLC (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a dividend for the first quarter of 2015 of $0.65 per share, payable on June 15, 2015 to shareholders of record as of June 1, 2015.((1)) Subject to the ultimate discretion of the Board of Directors, the Company's management expects to continue to recommend quarterly dividends of $0.65 per share until conditions warrant otherwise. At the end of each year, the Board of Directors takes into account the Company's earnings and other factors to consider whether to declare a special dividend. Periodically, management may adjust its quarterly dividend recommendation based on the Company's actual earnings, management's assessment of the Company's long-term earnings prospects, and other factors. The declaration and amount of future dividends remain at the discretion of the Board of Directors.



    (1) For U.S. federal income tax purposes, the first quarter 2015
     dividend will be treated as a capital distribution to shareholders
     of record as of June 1, 2015. In computing their 2015 U.S. federal
     taxable income, U.S. shareholders will generally be required to take
     into account their allocable share of the Company's taxable income
     as reported to them on their 2015 Schedules K-1.


    For tax withholding purposes, the distribution consists of the
     following components:


                                                 Amount of
                                                 Dividend
                                                ----------

    Interest Income (U.S.) that
     qualifies for the Portfolio
     Interest exception (1)                                   $0.6443

    Other interest income (2)                                 $0.0057

    Total Distribution Per Unit (3)                           $0.6500


             (1)    As described in Section 871 (h) of the
                     Internal Revenue Code ("the Code").

             (2)    Subject to withholding under Section 1441
                     of the Code.

             (3)    No portion of this distribution
                     represents U.S.-sourced dividend income
                     or income effectively connected with a
                     U.S. trade or business. Notwithstanding
                     the foregoing, some portion of future
                     dividends may represent U.S.-sourced
                     dividend income or income effectively
                     connected with a U.S. trade or business.


    The Company does not provide advice on tax
     matters to its shareholders or to broker/
     nominees who hold the Company's shares on
     behalf of their customers. The
     information above is provided for
     informational purposes only, is subject
     to change as more definitive information
     is obtained by the Company, and does not
     constitute tax advice. Non-U.S. holders
     of the Company's common shares and
     broker/nominees who hold shares on
     behalf of such holders are strongly urged
     to consult with their own tax advisors
     with regard to the U.S. federal income
     tax consequences of the dividends paid by
     the Company. This information is not
     intended to, and cannot, be used by any
     taxpayer to avoid penalties that may be
     imposed under U.S. federal income tax
     law.

Cautionary Statement Regarding Forward-Looking Statements

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. Our 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. Examples of forward-looking statements in this press release include statements regarding the Company's intended dividend policy. The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's securities, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940 and other changes in market conditions and economic trends. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K filed on March 13, 2015, which can be accessed through the Company's website at www.ellingtonfinancial.com or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About Ellington Financial LLC

Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities, residential mortgage loans, commercial mortgage-backed securities, commercial mortgage loans and other commercial real estate debt, real property and mortgage-related derivatives. The Company also invests in corporate debt and equity securities, collateralized loan obligations, consumer loans and asset-backed securities backed by consumer and commercial assets, non-mortgage-related derivatives and other financial assets. Ellington Financial LLC is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Investor Contact: Lindsay Tragler, Vice President of Investor Relations, or Lisa Mumford, Chief Financial Officer, Ellington Financial LLC, (203) 409-3575;

Media Contact: Steve Bruce or Taylor Ingraham, ASC Advisors LLC, for Ellington Financial LLC, (203) 992-1230

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SOURCE Ellington Financial LLC