Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 454

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 454
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ments and contingencies (See Note 9)Stockholders’ Equity:Preferred stock, $0.01 par value; 7.5% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)$80 $80 Preferred stock, $0.01 par value; 6.5% Series C fixed-to-floating rate cumulative redeemable; 12,650 shares authorized; 11,000 shares issued and outstanding ($275,000 aggregate liquidation preference)110 110 Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 102,083 and 101,916 shares issued  and outstanding, respectively1,021 1,019 Additional paid-in capital, in excess of par3,711,046 3,698,767 Accumulated deficit(1,879,941)(1,817,759)Accumulated other comprehensive income9,476 17,698 Total Stockholders’ Equity$1,841,792 $1,899,915 Total Liabilities and Stockholders’ Equity$11,409,604 $10,772,690 

(1)Includes approximately $6.9 billion and $5.7 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at December 31, 2024 and December 31, 2023, respectively.  Such assets can be used only to settle the obligations of each respective VIE.

(2)See Note 6 for information regarding the Company’s pledged assets. 

The accompanying notes are an integral part of the consolidated financial statements.

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MFA FINANCIAL, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 For the Year Ended December 31,(In Thousands, Except Per Share Amounts)202420232022Interest Income:   Residential whole loans$633,556 $537,883 $441,223 Securities, at fair value61,110 42,376 28,921 Other interest-earning assets7,058 9,027 7,437 Cash and cash equivalent investments22,241 16,311 4,838 Interest Income$723,965 $605,597 $482,419 Interest Expense:Asset-backed and other collateralized financing arrangements