Company: MFAN
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001104659-25-079255
Chunk: 12

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 424B5
Chunk 12
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 but each has agreed to use its commercially reasonable efforts, as our sales agent, consistent with its normal trading and sales practices and applicable law and regulation and on the terms and subject to the conditions of the Distribution Agreement, to sell the shares offered as instructed by us. The offering of the shares by the sales agents is subject to receipt and acceptance and is subject to the sales agents’ right to reject any order in whole or in part.

We will pay each sales agent commissions for its services in acting as sales agent. Each sales agent will be entitled to compensation equal to 1.0% of the gross sales price of all shares sold through it under the Distribution Agreement. The remaining sales proceeds, after deducting any expenses payable by us and any transaction fees imposed by any governmental, regulatory or self-regulatory organization in connection with the sales, will equal our net proceeds for the sale of such shares. We estimate that the total expenses associated with the commencement of the offering payable by us, excluding compensation payable to the sales agents under the Distribution Agreement, will be approximately $300,000.

An applicable sales agent will confirm in writing to us the number of shares sold on any day that is a trading day for the NYSE other than a day on which trading on the NYSE is scheduled to close prior to its regular weekday closing time, an exchange business day, and the related gross sales price and net sales price no later than the opening of trading on the immediately following exchange business day.

Settlement for sales of common stock will occur, unless the parties agree otherwise, on the first business day following the date on which any sales were made in return for payment of the net proceeds to us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement. Under the terms of the Distribution Agreement, we also may sell shares to an individual sales agent as principal for its own account at a price agreed upon at the time of sale. If we sell shares to a sales agent as principal, we will enter into a separate terms agreement with such sales agent, and we will describe this agreement in a separate prospectus or prospectus supplement.

We will deliver to the NYSE copies of this prospectus supplement pursuant to the rules of the NYSE. We will report at least quarterly the aggregate number of shares of common stock sold through the sales agents under the Distribution Agreement, the net proceeds to us and the compensation paid by us to the sales agents in connection with the sales of common stock.

Unless otherwise terminated pursuant to the terms of the Distribution