Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 121

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 121
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 in the form of cash or equivalent securities.  The Company’s assets pledged as collateral are also described in Notes 2(e) - Restricted Cash and 5(e) - Derivative Instruments.  Certain of the Company’s financing arrangements and derivative transactions are governed by underlying agreements that generally provide for a right of setoff in the event of default or in the event of a bankruptcy of either party to the transaction. In the Company’s consolidated balance sheets, all balances associated with repurchase agreements are presented on a gross basis.

7.     Other Liabilities 

The following table presents the components of the Company’s Other liabilities at September 30, 2025 and December 31, 2024:(In Thousands)September 30, 2025December 31, 2024Payable for unsettled investment purchases$116,939 $63,094 Dividends and dividend equivalents payable37,330 36,021 Lease liability51,491 41,050 Accrued interest payable33,036 33,050 Accrued expenses and other195,183 239,136 Total Other Liabilities$433,979 $412,351 

8.     Income Taxes

The Company has elected to be taxed as a REIT under the provisions of the Internal Revenue Code of 1986, as amended, (the “Code”), and the corresponding provisions of state law.  The Company expects to operate in a manner that will enable it to satisfy the various requirements to maintain its status as a REIT for federal income tax purposes.  In order to maintain its status as a REIT, the Company must, among other things, distribute at least 90% of its REIT taxable income (excluding net long-term capital gains) to stockholders in the timeframe permitted by the Code.  As long as the Company maintains its status as a REIT, the Company will not be subject to regular federal income tax at the REIT level to the extent that it distributes 100% of its REIT taxable income (including net long-term capital gains) to its stockholders within the permitted timeframe.  Should this not occur, the Company would be subject to federal taxes at prevailing corporate tax rates on the difference between its REIT taxable income and the amounts deemed to be distributed for that tax year.  The Company’s objective is to distribute 100% of its REIT taxable income to its stockholders within the permitted timeframe.  If the Company fails to distribute during each calendar year,