Company: MFAN
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001104659-25-079260
Chunk: 14

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 424B5
Chunk 14
---
10-K and Quarterly Reports on Form 10-Q that we would have been required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act if we were subject thereto (other than any exhibits that would have been required) and (ii) promptly, upon request, supply copies of such reports to any prospective holder of Series B Preferred Stock. We will use our best efforts to mail (or otherwise provide) the information to the holders of Series B Preferred Stock within 15 days after the respective dates by which a periodic report on Form 10-K or Form 10-Q, as the case may be, in respect of such information would have been required to be filed with the SEC if we were subject to Section 13 or 15(d) of the Exchange Act, in each case, based on the dates on which we would be required to file such periodic reports if we were a “non-accelerated filer” within the meaning of the Exchange Act.

#### Series C Preferred Stock

#### Rankings
The Series C Preferred Stock will rank, with respect to rights to the payment of dividends and the distribution of assets upon our liquidation, dissolution or winding up:

•

senior to our Junior Stock;

•

on a parity with our Parity Stock;

•

junior to our Senior Stock; and

<div align='center'>S-9</div>

TABLE OF CONTENTS

•

effectively junior to all of our existing and future indebtedness (including indebtedness convertible into or exchangeable for our common stock or preferred stock) and the indebtedness of our existing and future subsidiaries. (including our 8.875% Senior Notes due 2029 and 9.00% Senior Notes due 2029).

#### Dividends
Holders of Series C Preferred Stock are entitled to receive cumulative cash dividends at a floating rate equal to equal to Three-month CME Term Secured Overnight Financing Rate (“SOFR”) plus the applicable tenor spread adjustment of 0.26161% per annum plus a spread of 5.345% per annum of the $25.00 per share liquidation preference.

Dividends will be payable quarterly in arrears on the last day of March, June, September and December of each year, when and as declared, provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day. Dividends on the Series C Preferred