Ellington Financial Announces Redemption of Series A Preferred Stock

Core Viewpoint - Ellington Financial Inc. has announced the redemption of all 4,600,000 outstanding shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, with a redemption date set for February 27, 2026 [1][2]. Redemption Details - The Series A Preferred Stock will be redeemed at a price of $25.00 per share, plus any accrued and unpaid dividends up to the redemption date [2]. - Following the redemption, the Series A Preferred Stock will no longer be considered outstanding, and dividends will cease to accumulate [2]. Trading Suspension - The Series A Preferred Stock will be suspended from trading on the New York Stock Exchange before market open on the redemption date [3]. - A Form 25 will be filed with the Securities and Exchange Commission to withdraw the listing of the Series A Preferred Stock from the NYSE [3]. Redemption Process - All shares of the Series A Preferred Stock are held through the Depository Trust Company, and the redemption will follow DTC procedures [4]. - Equiniti Trust Company, LLC will act as the redemption agent, handling payments for the Series A Preferred Stock [4]. Company Overview - Ellington Financial invests in a diverse range of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, and other strategic investments [8].