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Ellington Financial Inc.., 7.00% Series D Cumul Perp Red Preferred Stock
Ticker Symbol: EFC-D     CUSIP: 28852N505     Previous CUSIP: 041356601      Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ellington Financial Inc.Series D Cumulative Perpetual Redeemable Preferred Stock formerly Arlington Asset Investment Corp., 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock, liquidation preference $25.00 per share, redeemable at the issuer's option on or after 5/12/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 7.00% per annum ($1.75 per annum or $0.4375 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 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).

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.

Following a Change of Control the Company will redeem the Series B Preferred Stock, in whole but not in part, on the effective date of any such Change of Control, for cash at $25.00 per share, plus accumulated and unpaid dividends (see prospectus for further information). The Series B Preferred Stock is not convertible into or exchangeable for any of the Company’s other securities or property.

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.

Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
3/30, 6/30, 9/30 & 12/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (EFC)

Notes:  Dec. 27, 2018 -- Arlington Asset Investment Corp. (NYSE: AI) announced today that its Board of Directors has approved a plan for the Company to elect to be taxed and to operate in a manner that will allow the Company to qualify as a real estate investment trust ("REIT") for U.S. federal income tax purposes commencing with the Company's taxable year ending December 31, 2019. ____________ The company has decided not to elect to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended.

IPO - 5/5/2017 - 140,000 Shares @ $24.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: AAIC-B    Changed: 12/13/2023
Previous Name: Arlington Asset Investment Corp.Series B Cumul Perp Red Preferred Stock    Changed: 12/13/2023
Market Value $ Million

Company's Online Information Links
HOME PAGE:     https://www.ellingtonfinancial.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address info@ellingtonfinancial.com
Email Request Form on Website Go to Email Form

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

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