Company: MFAN
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001104659-25-079260
Chunk: 32

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 424B5
Chunk 32
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including preferred stock in one or more series), to establish the number of shares in each class or series and to fix the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption of each class or series.

In connection with this offering, our Board and a committee of the board will, as permitted by our charter and Maryland law, reclassify (i) 4,000,000 authorized but unissued shares of common stock as additional shares of Series B Preferred Stock and (ii) 4,000,000 authorized but unissued shares of common stock as additional shares of Series C Preferred Stock, by adopting and filing the articles supplementary classifying and designating such shares with the State Department of Assessments and Taxation of Maryland. After giving effect to such reclassification, our authorized capital stock consists of one billion shares of capital stock, classified as 874,296,000 shares of common stock, 1,160,000 shares of Series A Preferred Stock, 12,050,000 shares of Series B Preferred Stock, 16,650,000 shares of Series C Preferred Stock, 3,840,000 shares of Undesignated Preferred Stock and 100,000,000 shares of Excess Stock.

Our Board may, without the approval of holders of Series B Preferred Stock, Series C Preferred Stock or our common stock, designate additional classes or series of authorized preferred stock ranking junior to or on parity with the Series B Preferred Stock and Series C Preferred Stock or designate additional shares of the Series B Preferred Stock and Series C Preferred Stock and authorize the issuance of such shares.

Our “Junior Stock” means our common stock, par value $0.01 per share, and any class or series of stock we may issue in the future that by its terms ranks junior to the Series B and Series C Preferred Stock with respect to the payment of dividends and the distribution of assets in the event of our liquidation, dissolution, or winding up. Our “Parity Stock” means the Series B Preferred Stock and Series C Preferred Stock and any other class or series of stock issued by us from time to time that by its terms ranks on parity with the Series B Preferred Stock and the Series C Preferred Stock with respect to the payment of dividends and the distribution of assets in the event of our liquidation, dissolution or winding up. Our “Senior Stock” means any class or series of stock we may issue in the future that by its terms ranks senior to the Series B