Ellington Financial Prices Common Stock Offering

Core Viewpoint - Ellington Financial Inc. has announced a public offering of 8,775,000 shares of common stock, expecting gross proceeds of $118.5 million before fees and expenses, with an option for underwriters to purchase an additional 1,316,250 shares [1][2]. Group 1: Offering Details - The offering is expected to close on January 28, 2026, and is subject to customary closing conditions [1]. - Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering [1]. - The shares will be issued under the existing shelf registration statement effective since December 23, 2025 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to redeem all outstanding shares of the Company's Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, which currently accrues dividends at a floating rate [2]. - Any remaining net proceeds may be utilized for general corporate purposes, including acquiring targeted assets in line with the Company's investment objectives [2]. Group 3: Company Overview - Ellington Financial invests in a diverse range of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, consumer loans, and other strategic investments [4].