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MFA Financial, Inc. | 8.50% Series A Cumulative Redeemable Preferred Stock (MFA.PRA)
This preferred is marked as having been called.
Prospectus excerpt: We are offering 2,000,000 shares of our 8.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to as our ŮSeries A Preferred Stock. We will pay to investors cumulative dividends on the Series A Preferred Stock from April 27, 2004 in the amount of $2.125 per share each year, which is equivalent to 8.50% of the $25.00 liquidation preference per share. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on or before March 31, June 30, September 30 and December 31 of each year, beginning on June 30, 2004. The shares of Series A Preferred Stock have no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any other securities. Holders of shares of Series A Preferred Stock will generally have no voting rights, but will have limited voting rights if we fail to pay dividends for six or more quarters and in certain other events. We may not redeem the Series A Preferred Stock until April 27, 2009, except in limited circumstances to preserve our status as a real estate investment trust (or REIT). On or after April 27, 2009, we may, at our option, redeem the Series A Preferred Stock, in whole or in part, at any time and from time to time, for cash at $25.00 per share, plus accrued and unpaid dividends (whether or not declared), if any, to and including the redemption date. Any partial redemption will generally be on a pro rata basis. Full Prospectus PDF », Secondary Prospectus PDF », MFA Page »
Series: | A | Alternate symbology: | MFA-A, MFA-PA, MFAprA | Redeemable?: | Yes | Call Date: | 4/27/2009 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 2,000,000 | Overallotment: | 300,000 | Liquidation Preference: | $25.00 | Original Coupon: | 8.50% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn MFA.PRA's Rating
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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 Open the MFA Information Page »
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Name: |
MFA Financial, Inc. |
Website: |
www.mfafinancial.com |
Sector: |
REITs |
Number of ETFs Holding MFA: |
29 (see which ones) |
Total Market Value Held by ETFs: |
$183,261,491.72 |
Total Market Capitalization: |
$1,072,000,000 |
% of Market Cap. Held by ETFs: |
17.10% |
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