MFA Financial enters $300M ATM equity program and authorizes $200M share buyback

MFA FINANCIAL, INC.

Entered distribution agreement to sell up to $300M common stock at-the-market via six sales agents; 1% commission per share.
Board authorized stock repurchase program of up to $200M through December 31, 2025, superseding prior program.
Repurchases may be made in open market, privately negotiated transactions, or under Rule 10b5-1 plans; no minimum purchase required.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MFA FINANCIAL, INC. entered into Distribution Agreement with Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC valued at up to $300,000,000 (effective 2024-02-29).

Action: entry
Agreement: atm program
Counterparty: Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC
Value: up to $300,000,000
Effective: 2024-02-29

Exact text from the filing

On February 29, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), entered into a Distribution Agreement (the “Agreement”) by and among (i) the Company and (ii) Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC (the “Sales Agents”).

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MFA FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-029385

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