MFA FINANCIAL, INC.

# MFA Financial, Inc. (MFA-PC)

MFA Financial is a real estate investment trust that invests primarily in residential mortgage assets and mortgage-related securities across the United States. The company's portfolio includes residential whole loans, mortgage-backed securities, and mortgage servicing rights. Its loan holdings encompass nonqualified mortgages, business purpose loans for single-family rentals, transitional real estate loans, and non-performing or re-performing legacy loans. On the securities side, the company holds agency mortgage-backed securities, non-agency mortgage-backed securities, and credit risk transfer instruments.

The company operates through two main segments. The Mortgage-Related Assets segment manages the company's diversified portfolio of loans and securities. The Lima One segment operates a standalone mortgage origination and servicing business focused on business purpose loans for real estate investors and related mortgage banking activities. The company finances its investment activities through securitization transactions, term loan warehouse facilities, and repurchase agreement financing.

Based in New York, New York, MFA Financial operates with approximately 307 full-time employees and is incorporated in Maryland. As a REIT, the company is structured to distribute at least 90% of taxable income to shareholders and generally avoids federal corporate income taxation. The company was incorporated in 1997.