ELLINGTON FINANCIAL LLC

CUSIP: 288522303 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018
Shares 1,462,778 Value ($000) $22,424 Avg Close — Range —
Q3 2018
Shares 1,502,778 Value ($000) $24,059 Avg Close — Range —
Q2 2018
Shares 1,502,778 Value ($000) $23,458 Avg Close — Range —
Q1 2018
Shares 1,502,778 Value ($000) $22,256 Avg Close — Range —
Q4 2017
Shares 1,544,778 Value ($000) $22,415 Avg Close — Range —
Q3 2017
Shares 1,544,778 Value ($000) $24,392 Avg Close — Range —
Q2 2017
Shares 1,544,778 Value ($000) $25,041 Avg Close — Range —
Q1 2017
Shares 1,544,778 Value ($000) $24,454 Avg Close — Range —
Q4 2016
Shares 1,544,778 Value ($000) $23,975 Avg Close — Range —
Q3 2016
Shares 1,544,778 Value ($000) $25,751 Avg Close — Range —
Q2 2016
Shares 1,544,778 Value ($000) $26,462 Avg Close — Range —
Q1 2016
Shares 1,550,000 Value ($000) $27,001 Avg Close — Range —
Q4 2015
Shares 1,550,000 Value ($000) $26,009 Avg Close — Range —
Q3 2015
Shares 1,550,000 Value ($000) $27,714 Avg Close — Range —
Q2 2015
Shares 1,550,000 Value ($000) $28,691 Avg Close — Range —
Q1 2015
Shares 1,550,000 Value ($000) $30,861 Avg Close — Range —