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MFA Financial, Inc. Announces Pricing of Public Offering of 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Feb 25, 2020 - PR Newswire

PR Newswire

MFA Financial, Inc. (NYSE:MFA) (the "Company") announced today the pricing of an underwritten public offering of 11.0 million shares of its 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $275 million before deducting the underwriting discount and other estimated offering expenses. The offering is expected to close on March 2, 2020 and is su...