Company: MFAN
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001104659-25-079255
Chunk: 2

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 424B5
Chunk 2
---
. FEDERAL INCOME TAX CONSIDERATIONS                  | ​ | ​ | ​    | ​ | 36 | ​ | ​ |
| PLAN OF DISTRIBUTION                                             | ​ | ​ | ​    | ​ | 62 | ​ | ​ |
| LEGAL MATTERS                                                    | ​ | ​ | ​    | ​ | 64 | ​ | ​ |
| EXPERTS                                                          | ​ | ​ | ​    | ​ | 65 | ​ | ​ |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                  | ​ | ​ | ​    | ​ | 66 | ​ | ​ |
| INFORMATION WE FILE                                              | ​ | ​ | ​    | ​ | 67 | ​ | ​ |

You should rely only on the information contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus. We have not, and the sales agents have not, authorized anyone to provide you with different information. We and the sales agents take no responsibility for, and can provide no assurance of the reliability of, any other information others may give you. We are not, and the sales agents are not, making an offer of the shares of common stock covered by this prospectus supplement and the accompanying prospectus in any jurisdiction where the offer is not permitted. You should assume that the information appearing in this prospectus supplement, the accompanying prospectus, any applicable free writing prospectus and the documents incorporated by reference herein or therein is accurate only as of their respective dates or on the date or dates which are specified in these documents. Our business, financial condition, liquidity, results of operations and prospects may have changed since those dates.

S-i

TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS SUPPLEMENT
This document consists of two parts. The first part is this prospectus supplement, which describes the specific terms of this offering and certain other matters relating to us and also adds to or updates information contained in the accompanying prospectus and the documents incorporated by reference herein and therein. The second part is the accompanying prospectus, which gives more general information, some of which may not apply to this offering.

Any statement herein or in a document incorporated or deemed to be incorporated herein or in the accompanying prospectus by reference shall be deemed to be modified or superseded for purposes of this prospectus supplement and the accompanying prospectus to the extent that a statement contained in any subsequently filed document, which also is incorporated or deemed to be incorporated by reference herein and therein,