Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 215

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part II, Item 2
Chunk 215
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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

On February 29, 2024, the Company announced its Board had authorized a $200 million stock repurchase program with respect to the Company’s common stock, which will be in effect through the end of 2025.

The stock repurchase program does not require the purchase of any minimum number of shares.  The timing and extent to which the Company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity, regulatory requirements and other factors, and repurchases may be commenced or suspended at any time without prior notice.  Acquisitions under the stock repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws (including, in the Company’s discretion, through the use of one or more plans adopted under Rule 10b5-1 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”)). 

At March 31, 2025, $200 million  remained available under the current authorization for the purchase of the Company’s common stock under the stock repurchase program.

We engaged in no share repurchase activity during the first quarter of 2025 pursuant to the stock repurchase program. The Company did, however, withhold shares (under the terms of grants under our Equity Compensation Plan (or Equity Plan)) to satisfy tax and payroll withholding obligations resulting from the vesting and settlement of restricted stock awards and/or restricted stock units (RSUs). The following table presents information with respect to (i) such withheld shares and (ii) eligible shares remaining for repurchase under the stock repurchase program.

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Table of Contents

Month Total Number of Shares PurchasedWeighted Average Price Paid Per Share (1)Total Number of Shares Repurchased as Part of Publicly Announced Repurchase Program or Employee PlanApproximate Dollar Value that May Yet be Purchased Under the Repurchase Program or Employee PlanJanuary 1-31, 2025:Stock Repurchase Program— — —$200,000,000 Employee Transactions (2)360,067 $10.06 N/AN/AFebruary 1-28, 2025:Stock Repurchase Program— — —$200,000,000 March 1-31, 2025:Stock Repurchase Program— — —$200,000,000