Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 227

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part II, Item 2
Chunk 227
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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

On February 29, 2024, the Company announced its Board had authorized a $200 million stock repurchase program with respect to the Company’s common stock, which will be in effect through the end of 2025.

The stock repurchase program does not require the purchase of any minimum number of shares.  The timing and extent to which the Company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity, regulatory requirements and other factors, and repurchases may be commenced or suspended at any time without prior notice.  Acquisitions under the stock repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws (including, in the Company’s discretion, through the use of one or more plans adopted under Rule 10b5-1 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”)). 

At June 30, 2025, $200 million remained available under the current authorization for the purchase of the Company’s common stock under the stock repurchase program.

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We engaged in no share repurchase activity during the second quarter of 2025 pursuant to the stock repurchase program nor did we withhold shares (under the terms of grants under our Equity Compensation Plan (or Equity Plan)) to satisfy tax and payroll withholding obligations resulting from the vesting and settlement of restricted stock awards and/or restricted stock units (RSUs). 

Item 3.  Defaults Upon Senior Securities

None.  

Item 4.  Mine Safety Disclosures

None.  

Item 5.  Other Information

None.

Item 6. Exhibits

Exhibits required by Item 601 of Regulation S-K.

EXHIBIT INDEX

The following exhibits are filed as part of this Quarterly Report.  The exhibit numbers followed by an asterisk (*) indicate exhibits electronically filed or furnished herewith.  All other exhibit numbers indicate exhibits previously filed and are hereby incorporated herein by reference.  

Exhibit Description10.1MFA Financial, Inc. Equity Compensation Plan (incorporated herein by reference to Exhibit 10.1 to the Company’s Form 8-K, dated June 5, 2025).31.1*Certification of the Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted