Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 293

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 293
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-Market Offering Program On February 29, 2024, the Company entered into a distribution agreement pursuant to the terms of which the Company may offer and sell shares of its common stock having an aggregate gross sales price of up to $300.0 million, from time to time, through various sales agents in transactions deemed to be “at-the-market” offerings under federal securities laws (the “ATM Program”).The Company did not sell any shares of common stock through the ATM Program during the six months ended June 30, 2025 and 2024.(e)  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”)). The Company did not repurchase any shares of its common stock during the six months ended June 30, 2025 and 2024. At June 30, 2025, $200 million remained available under the current authorization for the purchase of the Company’s common stock under the stock repurchase program.(f) 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 six months ended June 30, 2025:Three Months Ended June 30, 2025Six Months Ended June 30, 2025(In Thousands)Net UnrealizedGain/(Loss) on AFS SecuritiesNet Unrealized Gain/(Loss) on Financing Agreements (1)Total AOCINet UnrealizedGain/(Loss) on AFS SecuritiesNet Unrealized Gain/(Loss) on Financing Agreements (1)Total AOCIBalance at