– USA, CT – Ellington Residential Mortgage REIT (NYSE: EARN) today announced the appointment of Independent Director and Chairman of the Audit Committee, Barry Allardice as Chairman of the Board of Trustees, succeeding Thomas Robards, who is stepping down from his role as Chairman but remains on the Board as an Independent Trustee.
“We are excited about Barry Allardice’s elevation to Chairman of the Board. Barry has deep knowledge of the Company and has been an invaluable asset as Chairman of the Audit Committee since 2013,” said CEO, Laurence Penn.
Mr. Allardice commented, “I am very honored to have been named Chairman at Ellington Residential Mortgage REIT. Looking ahead, I will continue to work closely with the Board and management team as we focus on delivering strong, consistent returns for shareholders.”
About Ellington Residential Mortgage REIT
Ellington Residential Mortgage REIT is a mortgage real estate investment trust that specializes in acquiring, investing in, and managing residential mortgage- and real estate-related assets, with a primary focus on residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. government agency or a U.S. government-sponsored enterprise. Ellington Residential Mortgage REIT is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C.
For more information: http://www.earnreit.com/
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