Ellington Financial in Old Greenwich, Conn., has raised roughly $76.7 million through a public offering and will use the funds to acquire securities and loans.

Ellington, a specialty finance company that acquires and manages mortgage-related assets, sold 3.5 million shares of common stock, the company said Monday. Ellington has granted the underwriters a 30-day option to purchase up to an additional 525,000 common shares.

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