What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

Ellington Financial Inc. EFC Redemption of preferred stock

AGNC Investment Corp.AGNC

$0-100%

Revenue$149.5M+29.0%

Net income$95.5M+202%

EPS (diluted)$0.58+441%

Cash & equivalents$191.5M-11.9%

Total debt$643.0M+155%

Total equity$1.9B+18.9%

Total assets$20.2B+21.6%

Operating cash flow-$10.0M+92.1%

CapEx-$168.0K—

Free cash flow-$10.1M+92.0%

Market cap$1.68B+35.6%

Enterprise value$2.13B+69.0%

P/E9.2×-1.7×

P/S3.2×+0.4×

Operating margin32.9%—

Net margin34.6%+6.1pp

FCF margin-115.6%+364pp

Return on equity10.3%+2.5pp

Debt / equity0.3×+0.2×

Reported directly by Ellington Financial Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The official record: Ellington Financial Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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What is Ellington Financial Inc.'s redemption of preferred stock?: Ellington Financial Inc. (EFC) reported redemption of preferred stock of $115M in Q1 2026.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.