OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced the availability of information surrounding the federal income tax treatment of distributions for 2024 on its common and preferred stock. Shareholders can access these details through the following links:
Common Stock: Common Stock Dividends
Series A Preferred Stock: Series A Preferred Dividends
Series B Preferred Stock: Series B Preferred Dividends
Series C Preferred Stock: Series C Preferred Dividends
Series D Preferred Stock: Series D Preferred Dividends
Series E Preferred Stock: Series E Preferred Dividends
Ellington Financial invests across various asset classes, including mortgage loans and securities, consumer loans, and strategic investments. The Company is managed by Ellington Financial Management LLC, part of Ellington Management Group, L.L.C.
Meanwhile, Euroclear has made headlines with its recent partnership with Microsoft, marking a transformative step for its financial services. On February 1, 2025, Euroclear announced the signing of a seven-year cloud contract with Microsoft, aiming to leverage the tech giant's cloud capabilities to strengthen its infrastructure.
Valérie Urbain, CEO of Euroclear, emphasized the urgency of this partnership by stating, "Technology is rapidly transforming financial market infrastructures. Harnessing the latest developments in cloud, AI, and analytics is... driver of innovation and new business without compromising resilience. This mutually beneficial relationship accelerates our ambitions and strengthens our connection to clients." This quote highlights Euroclear's strategic vision of integrating technology to navigate the challenges of the financial industry.
Ralph Haupter, President of Microsoft EMEA, commented on the partnership, saying, "Together, we are enabling a shift from traditional sequential workflows to... ecosystem-centric capital markets model." This transformation aims to empower financial institutions to reimagine their interactions and deliver enhanced insights to clients.
Euroclear has operated since 1968 and specializes in clearing and settlement of securities transactions. They currently manage operations through three data centers; two of which are synchronized to maintain integrity and performance even during potential disruptions. This historic commitment to resilience is enhanced by the new agreement with Microsoft which seeks to develop platforms for sharing financial data and incorporating AI to improve customer experience.
With this partnership, Euroclear plans to implement significant upgrades to its Euroclear FundsPlace system, ushering innovative changes and improved service delivery. This collaboration is not just about upgrading technology but also reflects on financial inclusion and improved service reliability.
Overall, the union of Euroclear's expertise and Microsoft's technological advancements signals promising developments for the financial services industry, with potential ripple effects long felt by financial institutions across the globe.