NYSE:EFCMortgage REITs
Ellington Financial (EFC): Revisiting Valuation After New Shelf Registration Expands Capital-Raising Flexibility
Ellington Financial (EFC) just put a fresh omnibus shelf registration on file, giving it the flexibility to issue common and preferred stock, debt, warrants, and other securities when market conditions look attractive.
See our latest analysis for Ellington Financial.
The new shelf comes as Ellington Financial’s 13.90% year to date share price return and 27.23% one year total shareholder return suggest steady, dividend backed momentum. The capital raise option could reinforce that growth...