Ellington Financial Announces Common and Preferred Dividends Page 1

Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that its Board of Directors has declared: (i) a monthly dividend of $0.13 per common share, payable on October 25, 2024, to common shareholders of record as of September 30, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Cumulative Fixed and Floating Rate Redeemable Preferred Stock, payable on October 30, 2024, to Series A Preferred Stockholders of record as of September 30, 2024; (iii) a quarterly dividend of $0.390625 per share on the Company’s 6.250% fixed rate re-assessed cumulative redeemable preferred shares, payable on October 30, 2024 to the Series B preferred shareholders of record as of September 30, 2024; (iv) a quarterly dividend of $0.5390625 per share on the Company’s 8.625% fixed rate re-assessed cumulative redeemable preferred shares, payable on October 30, 2024 to the Series C preferred shareholders of record as of September 30, 2024; (v) a quarterly dividend of $0.4375 per share on the Company’s 7.00% cumulative perpetual redeemable preferred stock, payable on September 30, 2024 to the Series D preferred stockholders of record as of September 20, 2024; and (vi) a quarterly dividend of $0.718763 per share on the Company’s Series E cumulatively redeemable variable rate preferred stock, payable on September 30, 2024 to the Series E preferred stockholders of record as of September 20, 2024.

Cautionary note regarding forward-looking statements