MFA Financial to redeem all $96 million of 8.5% series A preferreds

By Tali David

Minneapolis, April 16 - MFA Financial, Inc. said it plans to fully redeem its $96 million principal amount of 8.5% series A cumulative redeemable preferred stock, according to a press release.

The company will redeem 3.84 million shares on May 16 at $25 per share plus accrued dividends, for a total redemption price of about $25.27153 per share.

The redemption will be funded with the proceeds from MFA's recently completed offering of 7.5% series B cumulative redeemable preferred stock.

Computershare Shareowner Services is the redemption and paying agent.

MFA is a New York-based real estate investment trust engaged in the business of investing, on a leveraged basis, in residential agency and non-agency mortgage-backed securities.

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