Our Manager Team Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C ("EMG"). Copyright © 2021 by Ellington Financial Inc. >

Targeted Assets Risk Management We utilize an opportunistic strategy to seek to generate attractive, risk-adjusted returns. We pursue value across various types of mortgage-related, consumer-related, corporate-related, and other financial assets, through investments primarily in securities and loans. Our strategy is adaptable to changing market environments, subject to qualifying and maintaining our qualification as a REIT for U.S. federal income tax purposes, and maintaining our exclusion from registration as an investment company under the Investment Company Act. We believe that Ellington's capabilities allow our Manager to identify attractive assets, value these assets, monitor and forecast the performance of these assets, and opportunistically hedge our risk with respect to these assets. Ellington's continued emphasis on and development of proprietary credit, interest rate, and prepayment models, as well as other proprietary research and analytics, underscores the importance it places on a disciplined and analytical approach to fixed income investing. We leverage these skills and resources to seek to meet our investment objectives. Copyright © 2021 by Ellington Financial Inc. >

Our Manager Team Board of Directors Ronald I. Simon* Chairman Lisa Mumford Laurence Penn Stephen J. Dannhauser* Edward Resendez* Officers Laurence Penn Chief Executive Officer & President, Director Daniel Margolis General Counsel Michael W. Vranos Co-Chief Investment Officer Chris Smernoff Chief Accounting Officer Mark Tecotzky Co-Chief Investment Officer Jason Frank Deputy General Counsel and Secretary JR Herlihy Chief Financial Officer Vincent Ambrico Controller *Independent Director Copyright © 2021 by Ellington Financial Inc. >