EFC went from $23 plus to $26 within few days this month....the divi and the special dividend is already incorporated in the stock price, I bet you the stock will drop back to $23.00 after the Ex divi date.
Saciccio, a share your skeptical viewpoint. I trade this stock and was averaged in @ $23.28; sold my position today (should have been sooner perhaps) but I am looking forward to that juicy dividend that comes on the 15th of March. All things being said, I would be in a HOLD rather than SELL for what I fear will be a SPO. EFC is very well managed and if the SPO comes I will load up again. EFC has been pretty forgiving pricewise after SPO's which I look at as buying opportunities.