Jan. 28, 2026-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 4,600,000 outstanding shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") (NYSE: EFC PR A). The anticipated redemption date is February 27, 2026 (the “Redemption Date”). The Series A Preferred Stock will be redeemed at a price equal to the liquidation preference of $25.00 per share, plus accrued and unpaid dividends to, but excluding, the Redemption Date. Once redeemed, the Series A Preferred Stock will no longer be deemed outstanding, dividends will cease to accumulate and all rights of the holders of the Series A Preferred Stock with respect to thereto will cease.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ellington Financial Inc. 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock liquidation preference $25 per share, redeemable at the issuer's option on or after 10/30/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.750% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From 10/30/2024 dividends will be paid at a floating rate of the Three-Month LIBOR plus 5.196% per annum. Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	FixFloat $1.69	$25.00 $25.00	Called for 2/27/2026 None	NF NF 4/18/2025	1/30, 4/30, 7/30 & 10/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address and Phone Numbers

Address:   53 Forest Avenue, Old Greenwich, CT 06870
Main Phone Number	203-698-1200
Fax Number	Not Available
Investor Relations   Lisa Mumford	203-409-3575

CEO - Laurence Penn

CFO - JR Herlihy