Company: MFAN
Filing Date: 2025-08-15
Form Type: 8-K
Source: 0001104659-25-079267
Chunk: 1

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 8-K
Item: Item 1.01
Chunk 1
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 a related prospectus, filed with the Securities and Exchange Commission (the “ SEC”) on August 14, 2025, as supplemented
by the prospectus supplement, filed with the SEC on August 15, 2025, as the same may be amended or supplemented, under the Securities
Act of 1933, as amended (the “ Securities Act”).

A
copy of the Common Distribution Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference. The foregoing summary
does not purport to be complete and is qualified in its entirety by reference to the Common Distribution Agreement. In connection with
the registration of the Shares under the Securities Act, the legal opinion of Venable LLP relating to the legality of the issuance and
sale of the Shares is attached as Exhibit 5.1 to this Current Report on Form 8-K.

Preferred Stock ATM
Program

On
August 15, 2025, the Company entered into a Distribution Agreement (the “ Preferred Distribution Agreement”) by and among (i)
the Company and (ii) JonesTrading Institutional Services LLC and BTIG, LLC (the “ Preferred Sales Agents”). Under the terms
of the Preferred Distribution Agreement, the Company may offer and sell shares of its 7.50% Series B Cumulative Redeemable Preferred Stock
(“ Series B Preferred Stock”) and/or its 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“ Series
C Preferred Stock”), having an aggregate offering price of up to $100,000,000 (the “ Preferred Shares”) from time to time through
any of the Preferred Sales Agents.

Pursuant
to the Preferred Distribution Agreement, the Preferred Shares may be offered and sold through the Preferred Sales Agents in transactions
deemed to be “at-the-market” offerings as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended. Under the
Preferred Distribution Agreement, each Preferred Sales Agent (at the Company’s election) will use commercially reasonable efforts
consistent with its normal sales and trading practices to sell the Preferred Shares as directed by the Company. Under the Preferred Distribution
Agreements, the Company will pay each of the Preferred Sales Agents a commission that will be up to 2.0% of the gross sales price per
Preferred Share sold through it. The Preferred Distribution Agreement contains customary representations, warranties and agreements of
the Company and customary conditions to completing future sale transactions, indemnification rights and