Ellington Housing Inc. Announces Proposed Initial Public Offering
OLD GREENWICH, Conn., May 30, 2013 /PRNewswire/ -- Ellington Housing Inc. (the "Company"), a real estate investment trust externally managed by an affiliate of Ellington Management Group, L.L.C., announced today that it intends to file a registration statement with the Securities and Exchange Commission relating to a proposed underwritten initial public offering of its common stock. The Company intends to use the proceeds of the proposed offering to invest in its target assets, including single-family residential properties and mortgage loans, small-balance multi-family loans and properties, and for other general corporate purposes. The Company anticipates that the initial public offering will be completed in 2013, subject to market conditions.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities. The offering will be made only through means of a prospectus. No assurance can be given that the proposed offering will be completed, including within the anticipated time frame.
SOURCE Ellington Housing Inc.
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