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Ellington Financial Inc. 6.25% Series B Fixed Rate Reset Cumulative Redeemable Preferred Stock

The coupon is fixed at 6.25% until 1/30/2027 at which time the rate is reset at the 5 year treasury plus a spread of 4.99% afterwhich the rate resets every 5 years.

Ticker: EFC-B

Parent Ticker: EFC

OTC Grey Market Temporary Ticker:

Issuance Date: 12/08/2021

1st Call Date: 01/30/2027

Maturity Date: None

Shares Issued: 4,400,000

Overallotment Shares: 660,000

Coupon: 6.25%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.3906

Payment Months: JAN, APR, JUL, OCT

Payment Day: 30

S&P Rating: NR

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

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: A-

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