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MFA Financial, 8.50% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: MFA-A* CUSIP: 55272X201 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/16/2013
Security has been Called for: Thursday, May 16, 2013
April 16, 2013 -- MFA Financial, Inc. (NYSE: MFA) today announced the redemption of all 3,840,000 outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock. The redemption date will be May 16, 2013, and the redemption price will be $25.00 per share of Series A Preferred Stock plus accrued and unpaid dividends for the period from April 1, 2013, through and including the redemption date, for an aggregate redemption price per share of Series A Preferred Stock of approximately $25.27153. The redemption price will be paid by MFA from the proceeds from its recently completed offering of its 7.50% Series B Cumulative Redeemable Preferred Stock. On and after the redemption date, dividends on the shares of Series A Preferred Stock will cease to accrue, the shares of Series A Preferred Stock will no longer be deemed outstanding, and all rights of the holders of shares of Series A Preferred Stock will terminate, except the right to receive the redemption price. A notice of redemption will be mailed to holders of record of the shares of Series A Preferred Stock on or about April 16, 2013.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MFA Financial Inc. formerly MFA Mortgage Investments, 8.50% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/27/2009 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.50% ($2.125) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the first day of the calendar month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. Dividends paid by preferreds issued by REITs 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. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (MFA)
IPO - 4/23/2004 - 2.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $3.4 Billion
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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800-892-7547
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Toll Free Phone Number |
800-892-7547 |
CEO - Stewart Zimmerman |
CFO - Stephen D. Yarad |
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