Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 102

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 102
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 million stock repurchase program with respect to the Company’s common stock, which will be in effect through the end of 2025.  The Company’s prior stock repurchase program, which was adopted in March 2022, had authorized the repurchase of up to $250 million of common stock and expired on December 31, 2023, with approximately $202.5 million remaining available at the date of expiration. 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 years ended December 31, 2024 and 2023. During the year ended December 31, 2022, the Company repurchased 6,476,746 shares of its common stock through the stock repurchase program at an average cost of $15.80 per share and a total cost of approximately $102.1 million, net of fees and commissions paid to the sales agent of approximately $161,000. (f) Accumulated Other Comprehensive Income/(Loss)The following tables present changes in the balances of each component of the Company’s AOCI:For the Year Ended December 31, 2024(In Thousands)Net Unrealized Gain/(Loss) on AFS SecuritiesNet Unrealized Gain/(Loss) on Financing Agreements (1)Total AOCIBalance at beginning of period$17,698 $— $17,698 OCI before reclassifications1,764 — 1,764 Amounts reclassified from AOCI(9,986)— (9,986)Net OCI during the period (2)(8,222)— (8,222)Balance at end of period$9,476 $— $9,476 For the Year Ended December 31, 2023