NYSE:EFCMortgage REITs
Ellington Financial Preferred Redemption Reshapes Capital Stack And Valuation Outlook
Ellington Financial plans to redeem all outstanding shares of its Series A Preferred Stock at the end of February 2026.
Following the redemption, the Series A Preferred Stock will be delisted from the NYSE.
The move will retire this layer of preferred capital and end related dividend payments to Series A holders.
For common shareholders of NYSE:EFC, this preferred stock redemption sits alongside a share price of $12.85 and a mixed recent return profile. The stock is up 2.0% over the past...