Ellington Financial: Shifting From The A To E Preferred Shares

Dragon ClawsEllington Financial (EFC) is a mortgage REIT that invests in residential and commercial mortgages. The company also carries a portfolio of consumer loans. Over a year ago, I wrote about the attractive investment in Ellington’s Series A preferred shares (NYSE:EFC.PR.A). Today, I’m suggesting that investors consider switching from the Series A shares to the Series E preferred shares (NYSE:EFC.PR.E). Other than the company’s common shares, Ellington Financial has seven different income securiti ...