Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, December 5, 6:13 AM
|This Slide: #480 of 573|
Slide #480. MFA Financial, Inc. — Preferred Stock Offering
MFA Financial, Inc. (NYSE:MFA)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
MFA Financial, Inc. (NYSE: MFA) announced that yesterday it priced a public offering of 7 million shares of its 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $175 million. The offering is subject to customary closing conditions and is expected to close on or about April 15, 2013.
MFA Financial is a holding company. Through its subsidiaries, Co. is a real estate investment trust primarily engaged in the business of investing in residential mortgage assets. Co.'s investments include principally the following: residential whole loans, including purchased performing loans, purchased credit impaired and non-performing loans; residential mortgage securities including Non-Agency mortgage-backed securities (MBS) and credit risk transfer securities; and mortgage servicing rights (MSRs)-related assets, which include term notes backed directly or indirectly by MSRs and loans to provide financing to entities that originate residential mortgage loans and own the related MSRs.
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Hold (2.25 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com