Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 302

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 302
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 months ended September 30, 2025 and 2024.(f)  Stock Repurchase Program  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”)). During the three and nine months ended September 30, 2025, the Company repurchased 485,652 shares of its common stock through the stock repurchase program at an average cost of $10.31 per share and a total cost of approximately $5.0 million, net of fees and commissions paid to the sales agent of approximately $5,000. The Company did not repurchase any shares of its common stock during the nine months ended September 30, 2024. At September 30, 2025, approximately $195 million remained available under the current authorization for the purchase of the Company’s common stock under the stock repurchase program.(g) Accumulated Other Comprehensive Income/(Loss) The following table presents changes in the balances of each component of the Company’s AOCI for the three and nine months ended September 30, 2025:Three Months Ended September 30, 2025Nine Months Ended September 30, 2025(In Thousands)Net Unrealized Gain/(Loss) on AFS SecuritiesNet Unrealized Gain/(Loss) on Financing Agreements (1)Total AOCINet Unrealized Gain/(Loss) on AFS SecuritiesNet Unrealized Gain/(Loss) on Financing Agreements (1)Total AOCIBalance at beginning of period$4,889 $— $4,889 $9,476 $— $9,476 OCI before