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MFA Financial, 8.00% Senior Notes due 4/15/2042
Ticker Symbol: MFO* CUSIP: 55272X300 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/06/2021
Security has been Called for: Wednesday, January 6, 2021
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Dec. 22, 2020 -- MFA Financial, Inc. (NYSE: MFA) (the "Company"), today announced that it has issued a notice of redemption (the "Redemption") for all $100,000,000 aggregate principal amount of its outstanding 8.00% Senior Notes due 2042 (CUSIP No. 55272X300) (the "Senior Notes") on January 6, 2021 (the "Redemption Date"). The Senior Notes will be redeemed at a price equal to 100% of the principal amount of the Senior Notes, or $25 per $25 principal amount of the Senior Notes, plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date. Febuary 28, 2020 -- MFA Financial, Inc. intends to use the net proceeds of MFA Financial, 6.50% Series C Fix/Float Cumulative Redeemable Preferred Stock offering to first (i) redeem all of the $100 million aggregate principal amount outstanding of Its 8.00% Senior Notes due 2042 (the “Senior Notes”), plus any accrued and unpaid interest, and then (ii) to redeem a portion of Its outstanding 7.50% Series B Preferred Stock (the “Series B Preferred Stock”), with an aggregate liquidation preference of approximately $165 million, plus a sum equal to all accrued and unpaid dividends on the Series B Preferred Stock up to, but not including, the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MFA Financial, 8.00% Senior Notes due 4/15/2042, issued in $25 denominations, redeemable at the issuer's option on or after 4/15/2017 at $25 per share plus accrued and unpaid interest, and maturing 4/15/2042. Interest distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date which will be one business day prior to the payment date while the notes remain in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). Upon a change of control repurchase event, the company is required to make an offer to repurchase all outstanding Notes at a price in cash equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the repurchase date (see the prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are senior unsecured obligations of the company and will rank equally with all existing and future senior unsecured indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (MFA)
IPO - 4/4/2012 - 4.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $107.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 350 Park Avenue, 20th Floor, New York, NY 10022 |
| Main Phone Number |
212-207-6400 |
| Fax Number |
212-207-6420 |
| Investor Relations
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212-207-6488
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Toll Free Phone Number |
Unknown |
| CEO - Craig L. Knutson |
CFO - Stephen D. Yarad |
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