Company: MFAN
Filing Date: 2025-05-30
Form Type: 11-K
Source: 0001055160-25-000011
Chunk: 13

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-30
Form: 11-K
Chunk 13
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 with their late deferral amounts in 2023, but these accounts were not credited with the amount of investment income which would have been earned had participant contributions been remitted on a timely basis. In 2024, lost earnings of $8,387 were calculated and remitted to the Plan.

During 2024, the Company inadvertently failed to make deposits of $12,483 of participant deferrals within the timeframe as required by the DOL. Participant accounts were credited with their late deferral amounts in 2024, but these accounts were not credited with the amount of investment income which would have been earned had participant contributions been remitted on a timely basis. Lost earnings are in the process of being calculated and will be remitted to the Plan.

During 2023, it was discovered that certain of the Plan’s provisions were not properly applied in the daily operation of the Plan. The definition of compensation for participant and employer contributions as per the Plan document was not properly applied when calculating contribution amounts. During 2024, the Plan administrator determined the affected participants and made the Plan whole for any amounts due, including earnings as required under IRS guidelines.

10. Mutual Fund Fees (Applicable Only for Direct Investments in Mutual Funds)

Certain investments in mutual funds are subject to sales charges in the form of front-end loads, back-end loads or 12b-1 fees. 12b-1 fees are ongoing fees allowable under Section 12b-1 of the Investment Company Act of 1940. These annual fees are used to pay for marketing and distribution costs of the funds. These fees are deducted prior to the allocation of the Plan’s investment earnings activity, and thus not separately identifiable as an expense.

| 11 |

#### MFA FINANCIAL, INC. 401(k) SAVINGS PLAN

#### Schedule of Assets Held as of December 31, 2024
| Identity of Issue, Borrower, Lessor or Similar Party |     | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value |     | Current Value |           |
|:-----------------------------------------------------|:----|:-------------------------------------------------------------------------------------------------------|:----|:--------------|----------:|
| Tesla, Inc.                                          |     | Common Stock, 6,523 shares                                                                             |     | $             | 2,634,276 |
| Apple Inc.                                           |     | Common Stock, 2,659 shares                                                                             |     |               |   665,858 |
| Meta Platforms, Inc.