Business
Ellington Financial Announces Common Stock Offering
OLD GREENWICH, Conn., January 26, 2026--Ellington Financial Inc. (NYSE: EFC) (the "Company") announced today that it has commenced an underwritten public offering of 8,775,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 1,316,250 shares of common stock. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.
About this update from Ellington Financial Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/3a534207c984a75a98faa5de673e0cf9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j1fwGYHlSy9xdRyQ25Pmsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/3a534207c984a75a98faa5de673e0cf9","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/so4GGuL0c5riKvAU1NiVvw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/3a534207c984a75a98faa5de673e0cf9","width":1024,"height":512}},"lazy":false},{"type":"text","content":"OLD GREENWICH, Conn., January 26, 2026--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") announced today that it has commenced an underwritten public offering of 8,775,000 shares of common stock. The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 1,316,250 shares of common stock. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.","length":486,"tagName":"p"},{"type":"text","content":"The Company expects to use the net proceeds of the offering to fund the redemption of all of the outstanding shares of the Company’s Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), subject to the minimum required 30-day notice period and otherwise in accordance with its terms. The dividend rate on the Series A Preferred Stock currently accrues at a per annum floating rate equal to the sum of the 3-month Secured Overnight Financing Rate and 5.458%. The Company may use any remaining net proceeds for general corporate purposes, which may include, among other things, acquiring the Company’s targeted assets in accordance with the Company’s investment objectives and strategies. The shares of common stock will be offered under the Company’s existing shelf registration statement on Form S-3, which became effective upon filing with the Securities and Exchange Commission (the "SEC") on December 23, 2025. The offering is being made only by means of a prospectus supplement and accompanying base prospectus...