MFA Financial, Inc. Announces Completion of Reverse Stock Split

NEW YORK, April 4, 2022 /PRNewswire/ — MFA Financial, Inc. (NYSE: MFA) (the “Company”) today announced that its previously announced 1-for-4 reverse common stock split was completed after the close of business today. . The Company’s common stock will continue to trade on the New York Stock Exchange under the symbol “MFA” and, effective April 5, 2022under a new CUSIP number: 55272X607.

Following the closure of offices on April 4, 2022, four issued and outstanding common shares of the Company were converted into one common share of the Company. As a result of the reverse stock split, the number of outstanding common shares of the Company has been reduced from 420,142,761 to approximately 105,035,000.

The reverse stock split does not affect the timing or amount of the dividend previously announced by the Company in respect of its common shares, which will continue to be payable on April 29, 2022to shareholders of record at the close of business on March 22, 2022 (based on the number of ordinary shares held by each shareholder on that date before taking into account the reverse stock split), for an amount of $0.11 per ordinary share.

No fractional shares were issued in connection with the reverse stock split. Instead, each shareholder holding fractional shares will receive, in lieu of any fractional shares resulting from the stock consolidation, a cash amount based on the closing price of the common shares of the Company on the New York the April 4, 2022, but taking into account the reverse stock split. The reverse stock split applied to all outstanding ordinary shares of the Company and therefore did not affect a shareholder’s relative ownership percentage, except for de minimis changes resulting from payment in cash instead of fractional shares. Registered shareholders will receive information from Computershare Trust Company, NA, the Company’s transfer agent (“Computershare”), regarding their shareholding following the reverse stock split and applicable payments in cash in lieu of fractional shares. Shareholders were not required to take any action to effect the exchange of their shares.

Shareholders holding certificated common shares will receive a letter of transmittal from Computershare with instructions on how to deliver certificates representing shares before the split, which will become book-entry shares after the split. Shareholders should not send in their pre-split certificates until they have received a Letter of Transmittal from Computershare (which will also include a Lost Securities Affidavit regarding any unlocatable certificates). In order to receive new common shares of the Company, cash in lieu of a fractional share and any dividends or other distributions that the Company may declare in the future, shareholders must surrender such certified common shares or an affidavit of lost titles. Shareholders holding book-entry shares or who hold their shares through a bank, broker or other agent need not take any action.

About MFA Financial, Inc.

MFA Financial, Inc. is a leading specialty finance company that invests in and finances residential mortgage assets. MFA invests, on a leveraged basis, in whole residential loans, residential mortgage-backed securities and other real estate assets. Through its subsidiaries, MFA also originates and manages commercial loans for real estate investors. MFA is a publicly traded, internally managed real estate investment trust.

Caution Regarding Forward-Looking Statements

When used in this press release or in other written or oral communications, statements that are not historical in nature, including those containing words such as “will”, “believe”, “expect to”, “anticipate”, “estimate”, “plan”, “continue”, “intend”, “should”, “could”, “will”, “could” or similar expressions, are intended to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as such may involve risks, known and unknown uncertainties and assumptions. These and other risks, uncertainties and factors, including those described in MFA’s annual, quarterly and current reports filed with the SEC, could cause actual results to differ of MFA differ materially from those projected in the forward-looking statementsiv is what she does. All forward-looking statements are based on beliefs, assumptions and expectations regarding MFA’s future performance, taking into account all information currently available. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. New risks and uncertainties may arise over time, and it is not possible to predict these events or how they may affect the AMF. Except as required by law, MFA is not obligated and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor contacts:

AMF Investor Relations
212-207-6488
www.mfafinancial.com

SOURCEMFA Financial, Inc.

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