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MFA-C MFA Financial, Inc. 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Cumulative cash dividends (i) from and including the original issue date to, but excluding, March 31, 2025 at a fixed rate equal to 6.50% per annum of the $25.00 per share liquidation preference (equivalent to $1.625 per annum per share) and (ii) from and including March 31, 2025, at a floating rate equal to three-month LIBOR plus a spread of 5.345% per annum of the $25.00 per share liquidation preference. Dividends will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, when and as authorized and declared, beginning on June 30, 2020 (long first dividend period). On or after March 31, 2025, we may, at our option, subject to certain procedural requirements, redeem any or all of the shares of the Series C Preferred Stock for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date.  This security was issued by MFA Financial, Inc., whose common stock symbol is MFA.

$16.73  -0.08 (-0.45%)
As of 03/27/2023 13:12:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  03/04/2020
Outstanding shares:  11,000,000
Average volume:  25,360
Market cap:   $200,640,000
Current dividend yield:  8.91%    calculation
Initial coupon rate:    6.500%
Spread to LIBOR: 0.053450
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   03/31/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BLHGG32

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