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Ellington Financial Inc. 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock

The coupon is fixed at 8.625% until 4/30/2028 at which time the rate is reset at the 5 year treasury plus a spread of 5.13% afterwhich the rate resets every 5 years.

Ticker: EFC-C

Parent Ticker: EFC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 02/02/2023

1st Call Date: 04/30/2028

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 8.625%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.539

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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