MFA Financial, Inc. MFA today announced that it has made a public offering of 65,000,000 shares of its common stock. MFA has granted the underwriters a 30-day option to purchase up to an additional 9,750,000 shares of common stock. The underwriters have offered the common stock in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.
MFA expects to use the net proceeds of the offering to acquire additional mortgage-backed securities, consistent with its investment policy, and for working capital, which may include, among other things, the repayment of its repurchase agreements.
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