NYSE:EFCMortgage REITs
How Investors Are Reacting To Ellington Financial (EFC) Capital Raising And Preferred Share Redemption
Ellington Financial Inc. has recently completed a follow-on equity offering of 8,775,000 common shares at US$13.50 each, raising about US$118.46 million, and announced the full redemption of its 4,600,000-share Series A preferred stock at US$25.00 per share plus accrued dividends, expected on February 27, 2026.
This combination of fresh common equity issuance and the planned removal of a preferred layer reshapes Ellington Financial’s capital structure and future dividend obligations in a...