MFA FINANCIAL, INC.

# MFA Financial, Inc. (MFA-PB)

MFA Financial operates as a mortgage real estate investment trust (REIT), investing in and managing residential mortgage assets across multiple categories. The company's portfolio includes residential whole loans spanning nonqualified mortgages, business purpose loans for single-family rental investors, transitional loans for single-family and multifamily properties, and legacy non-performing assets. It also holds residential mortgage-backed securities, including agency-backed MBS, non-agency MBS, and credit risk transfer securities.

The company operates through two distinct segments. The Mortgage-Related Assets segment manages the diversified mortgage portfolio and related securitization activities. The Lima One segment comprises a mortgage origination and servicing operation that originates and services business purpose loans for real estate investors, functioning as a stand-alone mortgage banking business. MFA finances its investments through securitization transactions, term loan warehouse financing, and repurchase agreement arrangements.

Incorporated in Maryland in 1997, MFA Financial maintains headquarters in New York with approximately 307 full-time employees. The company qualifies as a REIT for federal tax purposes and is listed on the New York Stock Exchange. As a REIT, it distributes substantially all taxable income to shareholders and is not subject to federal corporate income taxation on distributed earnings.