Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, April 25, 5:58 PM
This Slide: #527 of 620 |
Slide #527. MFA Financial, Inc. — Preferred Stock Offering
Company:
MFA Financial, Inc. (NYSE:MFA)
Date announced:
4/9/2013
Shares Offered:
7,000,000
Date of Pricing:
4/9/2013
Price Per Share:
$25
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 that invests in and finances residential mortgage assets. Co.'s investments include principally the following: residential whole loans, including purchased performing loans, purchased credit deteriorated and purchased non-performing loans, and through certain of its subsidiaries, Co. also originates and services business purpose loans for real estate investors; residential mortgage securities, including credit risk transfer securities; and mortgage servicing rights (MSR) related assets, which include term notes backed directly or indirectly by MSRs.
Preferreds: MFA.PRA, MFA.PRB, MFA.PRC
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Buy (2.86 out of 4) 26th percentile
(ranked lower than approx. 74% of all stocks covered)
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