Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 462

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 462
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32,875)(32,875)Dividends paid on common stock and dividend equivalents(143,871)(143,103)(184,035)Net cash provided by/(used in) financing activities$337,578 $1,434,981 $850,213 Net increase/(decrease) in cash, cash equivalents and restricted cash$113,101 $(5,870)$89,634 Cash, cash equivalents and restricted cash at beginning of period$488,211 $494,081 $404,447 Cash, cash equivalents and restricted cash at end of period$601,312 $488,211 $494,081 Supplemental Disclosure of Cash Flow InformationCash paid for interest$516,224 $418,135 $239,185 Non-cash Investing and Financing Activities:Transfer from residential whole loans to real estate owned$103,666 $84,662 $82,911 Transfer from commercial loans to real estate owned$15,217 $22,716 $— Dividends and dividend equivalents declared and unpaid$36,039 $35,789 $35,769 Receivable for sale of unsettled residential whole loans$— $14,033 $275,656 Payable for unsettled investment purchases$63,094 $103,654 $132,025 Deconsolidation of securitized Agency eligible investor loans and related debt$— $— $490,952 

The accompanying notes are an integral part of the consolidated financial statements.

73  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

1.      Organization 

MFA Financial, Inc. (the “Company”) was incorporated in Maryland on July 24, 1997 and began operations on April 10, 1998.  The Company has elected to be treated as a real estate investment trust (“REIT”) for U.S. federal income tax purposes.  In order to maintain its qualification as a REIT, the Company must comply with a number of requirements under federal tax law, including that it must distribute at least 90% of its annual REIT taxable income to its stockholders.  The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”).  In general, a TRS may hold assets and engage in activities