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Stock impact report

Ellington Financial Announces Redemption of its Series E Preferred Stock

Ellington Financial Inc. (EFC) 
Last ellington financial inc. earnings: 2/12 04:44 pm Check Earnings Report
US:NYSE Investor Relations: ir.ellingtonfinancial.com
Company Research Source: Business Wire
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 957,133 outstanding shares of its Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") (NYSE: EFC PRE).The anticipated redemption date is December 13, 2024 (the “Redemption Date”). The Series E Preferred Stock redemption price is estimated to be $25.540558 per share of Series E Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.540558 per share representing estimated accrued and unpaid dividends to the Redemption Date. Once redeemed, the Series E Preferred Stock will no longer be deemed outstanding, dividends will cease to accumulate and all rights of the holders of the Series E Preferred Stock with respect to the Series E Preferred Stock will cease.In conjunction with the planned redemption, the Series E Preferred Stock wi Show less Read more
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