Company: MFAN
Filing Date: 2025-05-30
Form Type: 11-K
Source: 0001055160-25-000011
Chunk: 9

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-30
Form: 11-K
Chunk 9
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 – Valued at the daily closing price as reported by the fund.

Self-directed brokerage accounts – Accounts primarily consist of mutual funds, common stocks, preferred stocks, ETFs, government bonds and cash that are valued on the basis of readily determinable market prices.

MFA Financial, Inc. common and preferred stock – Participants have the option to invest in common and preferred shares of MFA Financial, Inc. (MFA). Shares held in participant accounts are valued on the basis of readily determinable market prices.

The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables set forth, by level, within the fair value hierarchy, the Plan's investment assets at fair value:

<div align='center'>Investment Assets at Fair Value as of December 31, 2024</div>

|                             |     | Level 1 |            |     | Level 2 |        |     | Level 3 |   |     | Total |            |
|:----------------------------|:----|:--------|-----------:|:----|:--------|-------:|:----|:--------|:--|:----|:------|-----------:|
| Common and preferred stocks |     | $       |  6,860,951 |     | $       |      — |     | $       | — |     | $     |  6,860,951 |
| Mutual funds                |     |         | 25,643,451 |     |         |      — |     |         | — |     |       | 25,643,451 |
| Other investments           |     |         |  1,753,726 |     |         | 63,624 |     |         | — |     |       |  1,817,350 |
| Cash and cash equivalents   |     |         |  1,111,169 |     |         |      — |     |         | — |     |       |  1,111,169 |
| Total Assets at fair value  |     | $       | 35,369,297 |     | $       | 63,624 |     | $       | — |     | $