- November 30 book value per share of $19.53 fell from $19.92 a month earlier, but the stock went ex-dividend on Nov. 29. Book value edged higher by $0.06 for the month when adding that $0.45 payout back in. It's not the worst month considering the big jump in interest rates - the credit hedges may have finally paid off.
- Going back three months to the end of August, book value was $19.73, so book fell $0.20, or about 1% over the quarter.
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NYSE:EFC closed at $16.20 today, a 17% discount to Nov. 30 book value.