Ellington Financial is managed by Ellington Financial Management, an affiliate of Ellington Management Group – a private investment adviser specializing in the mortgage-backed securities markets. Our manager relies on the resources of Ellington Management Group to support Ellington Financial's operations.

Ellington Financial benefits from Ellington Management Group’s 15 year history of investing in a broad spectrum of mortgage-backed securities and related derivatives. Additionally, Ellington Management Group supports Ellington Financial operationally through the following functions:

• Established portfolio management resources for each of the Ellington Financial target asset classes
• Highly analytical investment process and proprietary research, models, and analytics
• Broad-based deal flow and extensive relationships in the financial community
• Sophisticated risk management tools and analytics
• Management experience through several market cycles

With over 100 employees and approximately $3.8 billion of assets under management as of 1/31/12, Ellington Management Group has extensive experience as a leader in managing mortgage-backed securities.

For more information on Ellington Management Group, please visit www.ellington.com.