Results of Operations and Financial Condition and

Results of Operations and Financial Condition and

Results of Operations and Financial Condition and

Results of Operations and Financial Condition and

Entry into a Material Definitive Agreement. Common Stock ATM Program On August 15, 2025, MFA Financial, Inc., a Maryland corporation (the “Company”), entered into a Distribution Agreement (the “Common Distribution Agreement”) by and among (i) the Company and (ii) Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC, JonesTrading Institutional Services LLC, BTIG, LLC, Keefe, Bruyette & Woods, In…

Termination of a Material Definitive Agreement. The information set forth in the first paragraph under

Material Modifications to Rights of Security Holders. On August 13, 2025, the Company filed, with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”), two Articles Supplementary (the “Articles Supplementary”) to the Articles of Amendment and Restatement of the Articles of Incorporation of the Company, as amended and supplemented, classifying and designating (i) 4,000,000 shares of the Company’s authorized but unissued Common Stock, as the Series B Preferred…

Results of Operations and Financial Condition and

The filing pertains to the approval of an equity compensation plan, not a management change.

Results of Operations and Financial Condition and

Director — Christopher Small: Election of Christopher Small to the Board of Directors and appointment to Audit Committee and Compensation Committee.

Results of Operations and Financial Condition and

Results of Operations and Financial Condition and

President — Bryan Wulfsohn: Mr. Wulfsohn was promoted to President, while Mr. Kristjansson is stepping down as Co-Chief Investment Officer.

Results of Operations and Financial Condition and

Results of Operations and Financial Condition and

Entry into a Material Definitive Agreement. On April 17, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), completed the issuance and sale of $75 million aggregate principal amount of its 9.000% Senior Notes due 2029 (the “Notes”), in a public offering pursuant to the Company’s registration statement on Form S-3ASR (File No. 333-267632) (the “Registration Statement”) and a related prospectus, as supplemented by a preliminary prospectus supplement, dated April 15, 2024 and a f…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Entry into a Material Definitive Agreement. On February 29, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), entered into a Distribution Agreement (the “Agreement”) by and among (i) the Company and (ii) Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC (the “Sales Agents”). Under the terms of the Agreement, the Company may offer and sell shares of its common stock, par v…

Regulation FD Disclosure. On February 27, 2024, the Board of Directors (the “Board”) of the Company authorized a stock repurchase program (the “Repurchase Program”), pursuant to which the Company is authorized to repurchase up to $200,000,000 of its Common Stock through December 31, 2025. The Repurchase Program does not require the purchase of any minimum number of shares. The timing and extent to which the Company repurchases its Common Stock will depend upon, among other things, market cond…

Results of Operations and Financial Condition and

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Entry into a Material Definitive Agreement. On January 11, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), completed the issuance and sale of $115 million aggregate principal amount of its 8.875% Senior Notes due 2029 (the “Notes”), in a public offering pursuant to the Company’s registration statement on Form S-3ASR (File No. 333-267632) (the “Registration Statement”) and a related prospectus, as supplemented by a preliminary prospectus supplement, dated January 8, 2024 and…

Senior Vice President and Chief Accounting Officer — Bryan Doran: Bryan Doran was promoted to Senior Vice President and Chief Accounting Officer.

Results of Operations and Financial Condition and