Company: MFAN
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001104659-25-079260
Chunk: 79

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-15
Form: 424B5
Chunk 79
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 us and the compensation paid by us to the sales agents in connection with the sales of Preferred Stock.

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TABLE OF CONTENTS

Unless otherwise terminated pursuant to the terms of the Distribution Agreement or mutual written agreement of the parties to the Distribution Agreement, the Distribution Agreement shall automatically terminate upon the sale of all shares of Preferred Stock subject to the Distribution Agreement.

In connection with the sale of the Preferred Stock on our behalf, each sales agent may be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation paid to a sales agent may be deemed to be underwriting commissions or discounts. We have agreed in the Distribution Agreement to provide indemnification and contribution to each applicable sales agent against certain civil liabilities, including liabilities under the Securities Act.

We have also agreed to reimburse the sales agents, in certain circumstances, for certain of their fees and disbursements of counsel incurred in connection with the negotiation and execution of the Distribution Agreement and other expenses incurred in connection with the establishment and maintenance of this offering, as reasonably documented by the sales agents. The total reimbursement related to this offering payable by us, excluding commissions payable to the sales agents under the Distribution Agreement, will be no more than a maximum of $80,000 in the aggregate for all such expenses and any ongoing expenses.

The sales agents and their respective affiliates are full service financial institutions engaged in various activities, which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non-financial activities and services. Certain of the sales agents and their respective affiliates have provided, and may in the future provide, a variety of these services to the issuer and to persons and entities with relationships with the issuer, for which they received or will receive customary fees and expenses.

In the ordinary course of their various business activities, the sales agents and their respective affiliates, officers, directors and employees may purchase, sell or hold a broad array of investments and actively trade securities, derivatives, loans, commodities, currencies, credit default swaps and other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to assets, securities and/or instruments of the issuer (directly, as collateral securing other obligations or otherwise) and/or persons and entities with relationships with the issuer. The sales agents and their respective affiliates may also communicate independent investment recommendations, market color or trading ideas and/or publish or express independent