Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 127

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 127
---
 year on the $25.00 liquidation preference before the Company’s common stock is paid any dividends and is senior to the Company’s common stock with respect to distributions upon liquidation, dissolution or winding up. Dividends on the Series B Preferred Stock are payable quarterly in arrears on or about March 31, June 30, September 30 and December 31 of each year. The Series B Preferred Stock is redeemable at $25.00 per share plus accrued and unpaid dividends (whether or not authorized or declared), exclusively at the Company’s option.The Series B Preferred Stock generally does not have any voting rights, subject to an exception in the event the Company fails to pay dividends on such stock for six or more quarterly periods (whether or not consecutive). Under such circumstances, the Series B Preferred Stock will be entitled to vote to elect two additional directors to the Company’s Board of Directors (the “Board”), until all unpaid dividends have been paid or declared and set apart for payment. In addition, certain material and adverse changes to the terms of the Series B Preferred Stock cannot be made without the affirmative vote of holders of at least 66.67% of the outstanding shares of Series B Preferred Stock.

39  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSSEPTEMBER 30, 2025

The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2024 through September 30, 2025:Declaration Date Record DatePayment DateAnnual Dividend RateDividend Per ShareAugust 21, 2025September 4, 2025September 30, 20257.50%$0.46875May 19, 2025June 4, 2025June 30, 20257.500.46875February 18, 2025March 4, 2025March 31, 20257.500.46875November 20, 2024December 3, 2024December 31, 20247.500.46875August 16, 2024August 30, 2024September 30, 20247.500.46875May 21, 2024June 5, 2024June 28, 20247.500.46875February 20, 2024March 5,