Company: MFAN
Filing Date: 2025-08-15
Form Type: 8-K
Source: 0001104659-25-079267
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Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

Common Stock ATM Program

On
August 15, 2025, MFA Financial, Inc., a Maryland corporation (the “ Company”), entered into a Distribution Agreement (the “ Common
Distribution Agreement”) by and among (i) the Company and (ii) Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank
Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC, JonesTrading Institutional Services LLC,
BTIG, LLC, Keefe, Bruyette & Woods, Inc., Citizens JMP Securities, LLC and Janney Montgomery Scott LLC (the “ Common Sales Agents”).
Under the terms of the Agreement, the Company may offer and sell shares of its common stock, par value $0.01 per share (“ Common
Stock”), having an aggregate offering price of up to $300,000,000 (the “ Shares”) from time to time through any of the
Common Sales Agents. In connection with the entry into the Common Distribution Agreement, the Company terminated the Distribution Agreement,
dated February 29, 2024, by and among (i) the Company and (ii) Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities
Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC (the “ Prior Sales Agents”), by mutual
agreement between the Company and the Prior Sales Agents.

Pursuant
to the Common Distribution Agreement, the Shares may be offered and sold through the Sales Agents in transactions deemed to be “at-the-market”
offerings as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended. Under the Agreement, each Sales Agent (at the Company’s
election) will use commercially reasonable efforts consistent with its normal sales and trading practices to sell the Shares as directed
by the Company. Under the Agreements, the Company will pay each of the Sales Agents a commission that will be 1.0% of the gross sales
price per share of Shares sold through it. The Common Distribution Agreement contains customary representations, warranties and agreements
of the Company and customary conditions to completing future sale transactions, indemnification rights and obligations of the parties
and termination provisions.

Shares
sold under the Agreement, if any, will be issued pursuant to the Company’s registration statement on Form S-3ASR (No. 333-289614),
and