MFA Financial, Inc. Announces Second Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock

Rhea-AI Summary

MFA Financial has declared dividends for its preferred stockholders. The Board approved a $0.46875 per share dividend on the 7.50% Series B Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2022, payable on June 30, 2022, to stockholders of record as of June 1, 2022. Additionally, a $0.40625 per share dividend on the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock has also been approved, with the same payment schedule. MFA focuses on investments in residential mortgage assets, enhancing shareholder returns.

Positive

• Declared a dividend of $0.46875 per share for Series B Preferred Stock, enhancing shareholder income.
• Announced a dividend of $0.40625 per share for Series C Preferred Stock, indicating company confidence in cash flow.

Negative

• None.

NEW YORK, May 18, 2022 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that its Board of Directors has declared the payment of dividends on the Company's outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"). 

In accordance with the terms of the Series B Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.46875 per share for the quarter ending June 30, 2022.  This dividend is payable on June 30, 2022, to Series B Preferred stockholders of record as of June 1, 2022. 

In addition, in accordance with the terms of the Series C Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.40625 per share for the quarter ending June 30, 2022.  This dividend is payable on June 30, 2022, to Series C Preferred stockholders of record as of June 1, 2022. 

MFA Financial, Inc. is a leading specialty finance company that invests in and finances residential mortgage assets.  MFA invests, on a leveraged basis, in residential whole loans, residential mortgage-backed securities and other real estate assets.  Through its subsidiaries, MFA also originates and services business purpose loans for real estate investors.  MFA is an internally-managed, publicly-traded real estate investment trust.

CONTACT:	InvestorRelations@mfafinancial.com
	212-207-6488
	www.mfafinancial.com

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SOURCE MFA Financial, Inc.

FAQ

What is the dividend amount declared by MFA for Series B Preferred Stock?

MFA declared a dividend of $0.46875 per share for Series B Preferred Stock.

When is the MFA dividend for Series B Preferred Stock payable?

The dividend for Series B Preferred Stock is payable on June 30, 2022.

What is the dividend amount declared by MFA for Series C Preferred Stock?

MFA declared a dividend of $0.40625 per share for Series C Preferred Stock.

When is the MFA dividend for Series C Preferred Stock payable?

The dividend for Series C Preferred Stock is payable on June 30, 2022.

What is the record date for dividends on MFA's preferred stocks?

The record date for both Series B and Series C Preferred Stocks is June 1, 2022.