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Ellington Financial 8.25% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

The coupon will be fixed until 3/30/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.664%

Ticker symbol changed 10/26/2020

Originally issued by Arlington Asset which was acquired by Ellington Financial on 12/14/2023

Ticker: EFC-E

Parent Ticker: EFC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/05/2019

1st Call Date: 03/30/2024

Maturity Date: None

Shares Issued: 1,200,000

Overallotment Shares: 180,000

Coupon: 8.25%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.5156

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR