secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Financial Inc. (EFC)
CIK:        0001411342
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001411342-23-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ellington Financial prices 4M shares of 8.625% Series C Preferred Stock at $25/share
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- Underwriting agreement with Piper Sandler for 4M shares; greenshoe option for 600k additional shares.
- Series C Preferred liquidation preference $25/share; cumulative dividend 8.625% until Apr 2028, then 5yr Treasury +5.13%.
- Net proceeds contributed to operating partnership for equivalent Series C Preferred Units; closing expected Feb 6, 2023.
- Certificate of Designations filed with Delaware establishing terms; no redemption before Apr 2028 except for REIT qualification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/0001411342-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/efc-20230202.htm
  HTML page:      https://secwatch.observer/filing/0001411342-23-000038

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