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Ellington Financial Inc. 6.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

The coupon is fixed at 6.75% until 10/30/2024 at which time it floats at 3 month Libor plus a spread of 5.196%

Ticker: EFC-A

Parent Ticker: EFC

OTC Grey Market Temporary Ticker: EGLLP

Issuance Date: 10/16/2019

1st Call Date: 10/30/2024

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 6.75%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4219

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: NR