MFA.PRB / MFA Financial, Inc. - Preferred Stock - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

$300,000,000 Common Stock

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(5)  Registration No. 333-289614 PROSPECTUS SUPPLEMENT (To Prospectus Dated August 14, 2025) $300,000,000 Common Stock We have entered into a distribution agreement, dated August 15, 2025 (the “Distribution Agreement”), with Goldman Sachs & Co. LLC, Barclays Capital Inc., BTIG, LLC, Citizens JMP Securities, LLC, Deutsche Bank Securities Inc., Janney

MFA FINANCIAL, INC. ARTICLES SUPPLEMENTARY

Exhibit 3.1 MFA FINANCIAL, INC. ARTICLES SUPPLEMENTARY MFA Financial, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “SDAT”) that: FIRST: Under a power contained in Section 6(d) of the charter of the Corporation (the “Charter”), the Board of Directors of the Corporation (the “Board”), by duly adopted resolutio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 13, 2025 MFA FINANCIAL, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 13, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (

Security Type

Calculation of Filing Fee Tables S-3 MFA FINANCIAL, INC. Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial

MFA FINANCIAL, INC. ARTICLES SUPPLEMENTARY

Exhibit 3.2 MFA FINANCIAL, INC. ARTICLES SUPPLEMENTARY MFA Financial, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “SDAT”) that: FIRST: Under a power contained in Section 6(d) of the charter of the Corporation (the “Charter”), the Board of Directors of the Corporation (the “Board”), by duly adopted resolutio

DISTRIBUTION AGREEMENT

Exhibit 1.1 Execution Version DISTRIBUTION AGREEMENT August 15, 2025 Goldman Sachs & Co. LLC 200 West Street New York, New York 10282-2198 Barclays Capital Inc. 745 Seventh Avenue New York, New York 10019 Deutsche Bank Securities Inc. 1 Columbus Circle New York, New York 10019 Morgan Stanley & Co. LLC 1585 Broadway New York, New York 10036 UBS Securities LLC 1285 Avenue of the Americas New York, N

$100,000,000 7.50% Series B Cumulative Redeemable Preferred Stock and/or 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(5)  Registration No. 333-289614 PROSPECTUS SUPPLEMENT (To Prospectus Dated August 14, 2025) $100,000,000 7.50% Series B Cumulative Redeemable Preferred Stock and/or 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock We have entered into a distribution agreement, dated August 15, 2025 (the “Distribution Agreement”), with BTIG

DISTRIBUTION AGREEMENT

Exhibit 1.2 Execution Version DISTRIBUTION AGREEMENT August 15, 2025 JonesTrading Institutional Services LLC 325 Hudson Street, 6th Floor New York, New York 10013 BTIG, LLC 65 East 55th Street New York, New York, 10022 Ladies and Gentlemen: MFA Financial, Inc., a Maryland corporation (the “Company”), confirms its agreement with JonesTrading Institutional Services LLC and BTIG, LLC, each as agent a

Security Type

Calculation of Filing Fee Tables S-3 MFA FINANCIAL, INC. Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial

As filed with the Securities and Exchange Commission on August 14, 2025

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on August 14, 2025 Registration No.

Security Type

Calculation of Filing Fee Tables S-3 MFA FINANCIAL, INC. Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1

Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 ¨ Check if an Application to Determine Eligibility of a Trustee Pursuant to Section 305(b)(2) WILMINGTON TRUST, NATIONAL ASSOCIATION (Exact name of trustee as specified in its charter) 16-1486454 (I.R.S. employer identification no.) 1100 North Market Street Wilmington, DE 19890-0001 (Address of principal

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

Earnings Presentation SECOND QUARTER 2025 2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words s

Exhibit 99.2 Earnings Presentation SECOND QUARTER 2025 2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negati

MFA Financial, Inc. Announces Second Quarter 2025 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE August 6, 2025 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2025 Financial Results NEW YORK-(BUSINESS WIRE)-MFA F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 MFA FINANCIAL, INC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

MFA Financial, Inc. Equity Compensation Plan

EXHIBIT 10.1 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN (Amended and Restated effective as of June 3, 2025) 1. PURPOSE. The Plan is intended to provide incentives to key employees, officers and directors expected to provide significant services to the Company, including the employees, officers and directors of the other Participating Companies, to encourage a proprietary interest in the Company,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 3, 2025 MFA FINANCIAL, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 3, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full ti

MFA Financial, Inc. Announces First Quarter 2025 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 6, 2025 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces First Quarter 2025 Financial Results NEW YORK - MFA Financial, Inc. (NY

Company Update FIRST QUARTER 2025 2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “

Exhibit 99.2 Company Update FIRST QUARTER 2025 2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of th

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement   SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934         Filed by the Registrant ☒     Filed by a Party other than the Registrant  ☐           Check the appropriate box:  ☐     Prelim

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement   SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2025 MFA FINANCIAL, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Co

MFA Financial, Inc. Elects Christopher Small to Board of Directors

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 (212) 207-6400 PRESS RELEASE FOR IMMEDIATE RELEASE March 4, 2025 NEW YORK METRO CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MFA Financial, Inc. Elects Christopher Small to Board of Directors NEW YORK – MFA Financial, Inc. (NYSE: MFA) announced today that its Board

Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Securities Holdings LLC Delaware MFResidential Assets I

Exhibit 21 Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Securities Holdings LLC Delaware MFResidential Assets I, LLC Delaware MFResidential Assets Holding Corp. Delaware MFRA NQM Depositor LLC Delaware

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, I

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 4.1 DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2024, MFA Financial, Inc. had five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.01 per share (our “common stock”); (2) our 7.50% Series B Cu

Insider Trading Policy

Exhibit 19.1 Insider Trading Policy To: All Employees, Affiliates, Officers and Directors of MFA Financial, Inc. and Its Subsidiaries Re: Statement of Policy: Securities Trades by Company Personnel The Need for a Policy Statement The purchase or sale of securities while aware of material nonpublic information (sometimes referred to as “MNPI” or “inside information”), or the disclosure of MNPI to o

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 19, 2025 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “antic

Exhibit 99.2 Company Update FOURTH QUARTER 2024 2 Q3 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of t

MFA Financial, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE February 19, 2025 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results NEW YORK - MF

JOINT FILING AGREEMENT

JOINT FILING AGREEMENT The undersigned hereby agree that this Schedule 13G (the “Schedule 13G”) with respect to the common stock of MFA Financial, Inc.

AGREEMENT

Exhibit 1 AGREEMENT Each of the undersigned, pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, hereby agrees that only one statement containing the information required by Schedule 13G needs be filed with respect to the ownership by each of the undersigned of the common stock of MFA Financial, Inc.

MFA / MFA Financial, Inc. / Bay Pond Partners, L.P. - SEC SCHEDULE 13G Passive Investment

SC 13G/A 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 )* MFA Financial, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 55272X607 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box t

Company Update THIRD QUARTER 2024

Exhibit 99.2 Company Update THIRD QUARTER 2024 2 Q3 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

MFA Financial, Inc. Announces Third Quarter 2024 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE November 6, 2024 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Third Quarter 2024 Financial Results NEW YORK - MFA Financial, Inc

MFA Financial, Inc. Names Bryan Wulfsohn President Lori Samuels Promoted to Chief Loan Operations Officer

Exhibit 99.1 MFA Financial, Inc. Names Bryan Wulfsohn President Lori Samuels Promoted to Chief Loan Operations Officer NEW YORK—August 21, 2024 - (BUSINESS WIRE) - MFA Financial, Inc. (NYSE: MFA, the “Company”), today announced that Bryan Wulfsohn, MFA’s Co-Chief Investment Officer, will assume the additional role of President of the Company effective September 3, 2024. Mr. Wulfsohn is a 14-year v

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 20, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 8, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

MFA Financial, Inc. Announces Second Quarter 2024 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE August 8, 2024 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2024 Financial Results NEW YORK - MFA Financial, Inc.

Company Update SECOND QUARTER 2024

Exhibit 99.2 Company Update SECOND QUARTER 2024 2 Q3 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative o

JOINT FILING AGREEMENT

EX-99 2 Rule13DJointFilingAgreement.htm JOINT FILING AGREEMENT JOINT FILING AGREEMENT The undersigned hereby agree that this Schedule 13G (the “Schedule 13G”) with respect to the common stock of MFA Financial, Inc. is, and any additional amendment thereto signed by each of the undersigned shall be, filed on behalf of each undersigned pursuant to and in accordance with the provisions of 13d-1(k) un

MFA / MFA Financial, Inc. / WELLINGTON MANAGEMENT GROUP LLP - SEC SCHEDULE 13G Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* MFA Financial, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 55272X607 (CUSIP Number) June 28, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full ti

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 4, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2024 MFA FINANCIAL, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

MFA Financial, Inc. Announces First Quarter 2024 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 6, 2024 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces First Quarter 2024 Financial Results NEW YORK - MFA Financial, Inc. (NY

Company Update FIRST QUARTER 2024

Exhibit 99.2 Company Update FIRST QUARTER 2024 2 Q3 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement   SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement   SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ C

Underwriting Agreement, dated April 15, 2024, by and among the Company and Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC and Piper Sandler & Co. as representatives of the several underwriters named therein.

Exhibit 1.1   MFA FINANCIAL, INC.     9.000% Senior Notes Due 2029     UNDERWRITING AGREEMENT     April 15, 2024     UNDERWRITING AGREEMENT   April 15, 2024   Morgan Stanley & Co. LLC 1585 Broadway New York, New York 10036   RBC Capital Markets, LLC Brookfield Place 200 Vesey Street 8th Floor New York, NY 10281   UBS Securities LLC 1285 Avenue of Americas New York, New York 10019   Wells Fargo Sec

Third Supplemental Indenture, dated April 17, 2024, between the Company and Wilmington Trust, National Association, as Trustee (incorporated herein by reference to Exhibit 4.10 to the Registrant’s Registration Statement on Form 8-A, dated April 17, 2024).

Exhibit 4.10       MFA Financial, Inc.   and   Wilmington Trust, National Association   as Trustee   Third Supplemental Indenture   Dated as of April 17, 2024   to the Indenture   Dated as of June 3, 2019   9.000% Senior Notes due 2029         TABLE OF CONTENTS   Page   Article 1   DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION   Section 1.01 Scope of Supplemental Indenture 3 Section 1.02

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 17, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 MFA FINANCIAL, INC. (Exact Name of Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 MFA FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 13-3974868 (State of incorporation or organization) (I.R.S. Employer Identification No.) One Vanderbilt Ave., 4

$75,000,000 9.000% SENIOR NOTES DUE 2029

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(5)  Registration No. 333-267632 PROSPECTUS SUPPLEMENT (To Prospectus Dated September 27, 2022) $75,000,000 9.000% SENIOR NOTES DUE 2029 We are offering $75,000,000 aggregate principal amount of our 9.000% Senior Notes due 2029 (or the notes) under this prospectus supplement. The notes will bear interest at a rate equal to 9.000% per year, payable qu

Calculation of Filing Fee Tables (Form Type) MFA Financial, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107 Calculation of Filing Fee Tables 424(b)(5) (Form Type) MFA Financial, Inc.

SUBJECT TO COMPLETION, DATED APRIL 15, 2024

TABLE OF CONTENTS This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, as amended, but is not complete and may be changed.

Pricing Terms MFA Financial, Inc. $75,000,000 9.000% Senior Notes due 2029 Pricing Term Sheet April 15, 2024

Filed Pursuant to Rule 433 of the Securities Act of 1933 Issuer Free Writing Prospectus dated April 15, 2024 Relating to Preliminary Prospectus Supplement dated April 15, 2024 Registration No.

$300,000,000 Common Stock

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(5)    Registration No. 333-267632 PROSPECTUS SUPPLEMENT (To Prospectus Dated September 27, 2022) $300,000,000 Common Stock We have entered into a distribution agreement, dated February 29, 2024, with Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities,

Distribution Agreement, dated February 29, 2024, by and among the Company and Goldman Sachs & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC.

Exhibit 1.1 DISTRIBUTION AGREEMENT February 29, 2024 Goldman Sachs & Co. LLC 200 West Street New York, New York 10282-2198 Barclays Capital Inc. 745 Seventh Avenue New York, New York 10019 Deutsche Bank Securities Inc. 1 Columbus Circle New York, New York 10019 Morgan Stanley & Co. LLC 1585 Broadway New York, New York 10036 UBS Securities LLC 1285 Avenue of Americas New York, New York 10019 Wells

Regulation FD Disclosure, Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Calculation of Filing Fee Tables (Form Type) MFA Financial, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107 Calculation of Filing Fee Tables 424(b)(5) (Form Type) MFA Financial, Inc.

MFA Financial, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave. New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE February 22, 2024 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results NEW YORK - MF

Company Update FOURTH QUARTER 2023

Exhibit 99.2 Company Update FOURTH QUARTER 2023 2 Q3 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative o

MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN FORM OF PHANTOM SHARE AWARD AGREEMENT (TIME BASED VESTING)

Exhibit 10.16 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN FORM OF PHANTOM SHARE AWARD AGREEMENT (TIME BASED VESTING) AGREEMENT, dated as of the of , 202 (the “Grant Date”), by and between MFA Financial, Inc., a Maryland corporation (the “Company”), and (the “Grantee”). WHEREAS, the Company maintains the MFA Financial, Inc. Equity Compensation Plan, as it may be amended from time to time (the “Pla

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, I

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT

Exhibit 10.3 EXECUTION COPY AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 2 (the “Amendment”), dated as of February 21, 2024, to the Amended and Restated Employment Agreement entered into as of February 22, 2021, as amended by Amendment No. 1 thereto, dated as of May 3, 2022 (as amended, the “Employment Agreement”), is made by and between MFA Financial, Inc. (the “Company”) and Craig

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 22, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Description of the Registrant’s securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed February 22, 2024).

Exhibit 4.1 DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2021, MFA Financial, Inc. had three classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.01 per share (our “common stock”); (2) our 7.50% Series B C

MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN FORM OF PHANTOM SHARE AWARD AGREEMENT (PERFORMANCE BASED VESTING)

Exhibit 10.17 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN FORM OF PHANTOM SHARE AWARD AGREEMENT (PERFORMANCE BASED VESTING) AGREEMENT, dated as of the day of , 202 (the “Grant Date”), by and between MFA Financial, Inc., a Maryland corporation (the “Company”), and (the “Grantee”). WHEREAS, the Company maintains the MFA Financial, Inc. Equity Compensation Plan, as it may be amended from time to tim

[Signature Page Follows]

Exhibit 10.8 EXECUTION COPY AGREEMENT THIS AGREEMENT (this “Agreement”) is entered into and effective this 21st day of February, 2024 (the “Effective Date”), by and between Michael C. Roper (“Executive”) and MFA Financial, Inc. (“MFA” or the “Company”). WHEREAS, the Company and Executive desire to enter into this Agreement to reflect their understanding with respect to termination benefits to be p

MFA Financial, Inc. Compensation Clawback Policy Adopted September 20, 2023 and effective as of October 2, 2023

Exhibit 97.1 MFA Financial, Inc. Compensation Clawback Policy Adopted September 20, 2023 and effective as of October 2, 2023 Section 1.Purpose. MFA Financial, Inc. (the “Company”) has adopted this Compensation Clawback Policy (this “Policy”) to implement a mandatory clawback policy in the event of a Restatement in compliance with the applicable rules of the New York Stock Exchange LLC (“NYSE”). An

Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Securities Holdings LLC Delaware MFResidential Assets I

Exhibit 21 Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Securities Holdings LLC Delaware MFResidential Assets I, LLC Delaware MFResidential Assets Holding Corp. Delaware MFRA NQM Depositor LLC Delaware

AMENDED AND RESTATED AGREEMENT

Exhibit 10.9 EXECUTION COPY AMENDED AND RESTATED AGREEMENT THIS AMENDED AND RESTATED AGREEMENT (this “Agreement”) is entered into and effective this 21st day of February, 2024 (the “Effective Date”), by and between Harold E. Schwartz (“Executive”) and MFA Financial, Inc. (“MFA” or the “Company”) and amends and restates the agreement entered into as of May 5, 2021 (the “May 2021 Agreement”), betwee

MFA / MFA Financial, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01449-mfafinancialinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer: MFA Financial Inc Title of Class of Securities: Common Stock CUSIP Number: 55272X607 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate

MFA / MFA Financial, Inc. / WELLINGTON MANAGEMENT GROUP LLP - SEC SCHEDULE 13G Passive Investment

SC 13G 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* MFA Financial, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 55272X607 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to des

Second Supplemental Indenture, dated January 11, 2024, between the Company and Wilmington Trust, National Association, as Trustee (incorporated herein by reference to Exhibit 4.9 to the Registrant’s Registration Statement on Form 8-A, dated January 11, 2024).

Exhibit 4.9 MFA Financial, Inc. and Wilmington Trust, National Association as Trustee Second Supplemental Indenture Dated as of January 11, 2024 to the Indenture Dated as of June 3, 2019 8.875% Senior Notes due 2029 TABLE OF CONTENTS Page Article 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION Section 1.01 Scope of Supplemental Indenture 3 Section 1.02 Definitions 4 Article 2 THE SECURIT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 MFA FINANCIAL, INC. (Exact Name of Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 MFA FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 13-3974868 (State of incorporation or organization) (I.R.S. Employer Identification No.) One Vanderbilt Ave., 4

Underwriting Agreement, dated January 8, 2024, by and among the Company and Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC, as representatives of the several underwriters named therein.

Exhibit 1.1 MFA FINANCIAL, INC. 8.875% Senior Notes Due 2029 UNDERWRITING AGREEMENT January 8, 2024 UNDERWRITING AGREEMENT January 8, 2024 Wells Fargo Securities, LLC 550 South Tryon Street 5th Floor Charlotte, North Carolina 28202 Morgan Stanley & Co. LLC 1585 Broadway New York, New York 10036 Piper Sandler & Co. 1251 Avenue of the Americas 6th Floor New York, New York 10020 UBS Securities LLC 12

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2024 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Calculation of Filing Fee Tables (Form Type) MFA Financial, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107 Calculation of Filing Fee Tables 424(b)(5) (Form Type) MFA Financial, Inc.

$100,000,000 8.875% SENIOR NOTES DUE 2029

TABLE OF CONTENTS  Filed Pursuant to Rule 424(b)(5)  Registration No. 333-267632 PROSPECTUS SUPPLEMENT (To Prospectus Dated September 27, 2022) $100,000,000 8.875% SENIOR NOTES DUE 2029 We are offering $100,000,000 aggregate principal amount of our 8.875% Senior Notes due 2029 (or the notes) under this prospectus supplement. The notes will bear interest at a rate equal to 8.875% per year, payable

MFA Financial, Inc. $100,000,000 8.875% Senior Notes due 2029 Final Pricing Term Sheet January 8, 2024

Filed Pursuant to Rule 433 of the Securities Act of 1933 Issuer Free Writing Prospectus dated January 8, 2024 Relating to Preliminary Prospectus Supplement dated January 8, 2024 Registration No.

SUBJECT TO COMPLETION, DATED JANUARY 8, 2024

TABLE OF CONTENTS This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, as amended, but is not complete and may be changed.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA / MFA Financial Inc / Bay Pond Partners, L.P. - SEC SCHEDULE 13G Passive Investment

SC 13G 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* MFA Financial, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 55272X607 (CUSIP Number) November 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to des

Company Update THIRD QUARTER 2023

Exhibit 99.2 Company Update THIRD QUARTER 2023 2 Q3 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Announces Third Quarter 2023 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE November 7, 2023 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Third Quarter 2023 Financial Results NEW YORK - MFA Financial, Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2023 MFA FINANCIAL,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Financial Officer

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 (212) 207-6400 PRESS RELEASE FOR IMMEDIATE RELEASE September 11, 2023 NEW YORK METRO CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: H/Advisors Abernathy Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Fina

MFA Financial, Inc. Announces Second Quarter 2023 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE August 3, 2023 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2023 Financial Results NEW YORK - MFA Financial, Inc. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2023 MFA FINANCIAL, INC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

Company Update SECOND QUARTER 2023

Exhibit 99.2 Company Update SECOND QUARTER 2023 2 Q2 202 2 Financial Snapshot Forward - looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

As filed with the Securities and Exchange Commission on June 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT THE SECURITIES ACT OF 1933 MFA FINANCIAL, INC. (Exact name of registrant as

As filed with the Securities and Exchange Commission on June 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

As filed with the Securities and Exchange Commission on June 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT THE SECURITIES ACT OF 1933 MFA FINANCIAL, INC. (Exact name of registrant as

As filed with the Securities and Exchange Commission on June 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

Filing Fee Table

Exhibit 107 Calculation of Filing Fee Tables Form S-8 (Form Type) MFA Financial, Inc.

Filing Fee Table.

Exhibit 107 Calculation of Filing Fee Tables Form S-8 (Form Type) MFA Financial, Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full title of the plan an

Equity Compensation Plan of the Company (incorporated herein by reference to Exhibit 10.1 of the Form 8-K, dated June 8, 2023, filed by the Company pursuant to the Exchange Act (Commission File No. 1-13991)).

Exhibit 10.1 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN (Amended and Restated effective as of June 6, 2023) 1.  PURPOSE. The Plan is intended to provide incentives to key employees, officers and directors expected to provide significant services to the Company, including the employees, officers and directors of the other Participating Companies, to encourage a proprietary interest in the Company

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 6, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 MFA FINANCIAL, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

2 Q2 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “antic

Exhibit 99.2 Company Update FIRST QUARTER 2023 2 Q2 2022 Financial Snapshot Forward-looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of th

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

MFA Financial, Inc. Announces First Quarter 2023 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 4, 2023 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces First Quarter 2023 Financial Results NEW YORK - MFA Financial, Inc. (NYSE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ý Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ý Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of

Amended and Restated Bylaws of MFA Financial, Inc. (as amended and restated through April 18, 2023).

Exhibit 3.1 As Amended and Restated through April 18, 2023 MFA FINANCIAL, INC. AMENDED AND RESTATED BYLAWS ARTICLE I. MEETINGS OF STOCKHOLDERS SECTION 1.1         Place. All meetings of stockholders shall be held at the principal executive office of MFA Financial, Inc. (the “Corporation”) or at such other place as shall be set by the Board of Directors and stated in the notice of the meeting. The

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 18, 2023 MFA FINANCIAL, INC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 18, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, I

Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Omaha Borrower, LLC Delaware MFA Securities Holdings LL

Exhibit 21 Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Property Holdings Corp.

MFA Financial, Inc. Announces Fourth Quarter 2022 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE February 23, 2023 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Fourth Quarter 2022 Financial Results NEW YORK - MFA Financial, Inc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2023 MFA FINANCIAL,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2023 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Company Update THIRD QUARTER 2022 DRAFT 10/27 Company Update FOURTH QUARTER 2022

Exhibit 99.2 Company Update THIRD QUARTER 2022 DRAFT 10/27 Company Update FOURTH QUARTER 2022 2 Q2 202 2 Financial Snapshot Forward looking statements When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “shou

US55272X6076 / COMMON STOCK / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01416-mfafinancialinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer: MFA Financial Inc. Title of Class of Securities: REIT CUSIP Number: 55272X607 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to designate the ru

MFA / MFA Financial, Inc. / STARWOOD CAPITAL GROUP GLOBAL II, L.P. - SC 13D/A Activist Investment

SC 13D/A 1 tm233113d1sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* MFA FINANCIAL, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 55272X102 (CUSIP Number) Ellis F. Rinaldi, Esq. Senior Managing Director and Co-General Counsel Starwood

2 Q2 202 2 Financial Snapshot Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “ant

Exhibit 99.2 Company Update THIRD QUARTER 2022 DRAFT 10/27 Company Update THIRD QUARTER 2022 2 Q2 202 2 Financial Snapshot Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?shou

MFA Financial, Inc. Announces Third Quarter 2022 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE November 3, 2022 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Third Quarter 2022 Financial Results NEW YORK - MFA Financial, Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 3, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 17, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Provides Update to Stockholders

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 (212) 207-6400 PRESS RELEASE FOR IMMEDIATE RELEASE October 17, 2022 NEW YORK METRO CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MFA Financial, Inc. Provides Update to Stockholders New York ? In light of recent market volatility, MFA Financial, Inc. (NYSE: MFA) annou

Initial Enrollment Form for MFA Financial, Inc. Direct Stock Purchase Plan.

Exhibit 99.1 Computershare Trust Company, N.A. PO Box 43006 Providence , RI 02940 - 3006 Within USA, US territories & Canada 800 522 6645 Outside USA, US territories & Canada 201 680 6578 www.computershare.com/investor Name Address City, State, Zip Joint - Will be presumed to be joint tenants with rights of survivorship unless restricted by applicable state law or otherwise indicated. Custodial -

Enrollment Form for MFA Financial, Inc. Direct Stock Purchase Plan.

Exhibit 99.2 Computershare Trust Company, N.A. PO Box 43006 Providence, RI 02940 - 3006 Within USA, US territories & Canada 866 249 2610 Outside USA, US territories & Canada 201 680 6578 www.computershare.com/investor Name Address City, State, Zip Holder Account Number ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Use a black pen. Print in CAPITAL letters inside the grey areas as shown in this example. Direct S

Filing Fee Table.

Exhibit 107 Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered(1)(2) Proposed Maximum Offering Price Per Unit(1)(2) Maximum Aggregate Offering Price(1)(2) Fee Rate(3) Amount of Registration Fee(3) Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward Newly Registered Securities Fees to Be Paid Equity Common Stock, par value $0.

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): September 27, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization

Statement of Eligibility on Form T-1.

Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 ? Check if an Application to Determine Eligibility of a Trustee Pursuant to Section 305(b)(2) WILMINGTON TRUST, NATIONAL ASSOCIATION (Exact name of trustee as specified in its charter) 16-1486454 (I.R.S. employer identification no.) 1100 North Market Street Wilmington, DE 19890-0001 (Address of principal

Direct Debit Authorization Form for MFA Financial, Inc. Direct Stock Purchase Plan.

Exhibit 99.3 Computershare Trust Company, N.A. PO Box 43006 Prov idence, RI 02940 - 3006 Within USA, US territories & Canada 866 249 2610 Outside USA, US territories & Canada 201 680 6578 www.computershare.com/investor Name Address City, State, Zip Holder Account Number ? ? ? ? ? ? ? ? ? ? ? ? ? ? Use a black pen. Print in CAPITAL letters inside the grey areas as shown in this example. This form i

As filed with the Securities and Exchange Commission on September 27, 2022

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on September 27, 2022 Registration No.

As filed with the Securities and Exchange Commission on September 27, 2022

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on September 27, 2022 Registration No.

Filing Fee table.

Exhibit 107 Calculation of Filing Fee Tables Form S-3ASR (Form Type) MFA Financial, Inc.

PART II

Table of Contents Exhibit 99.1 PART II Item 5. Market for Registrant?s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. For all periods presented, all share and per share data have been adjusted on a retroactive basis to reflect the effect of the one-for-four reverse stock split of our common stock that occurred on April 4, 2022 (the ?Reverse Stock Split?). Mar

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

Second Quarter 2022 Earnings Presentation

Exhibit 99.2 Second Quarter 2022 Earnings Presentation Forward looking statements 2 When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or simil

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

MFA Financial, Inc. Announces Second Quarter 2022 Financial Results

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE August 4, 2022 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2022 Financial Results NEW YORK - MFA Financial, Inc. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full title of the plan an

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 7, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

MFA Financial, Inc. Announces First Quarter 2022 Financial Results NEW YORK - MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2022. First Quarter 2022 financial results update:

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 4, 2022 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces First Quarter 2022 Financial Results NEW YORK - MFA Financial, Inc. (NYSE

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.2 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 1 (the ?Amendment?), dated as of May 3, 2022, to the Amended and Restated Employment Agreement with the Company entered into as of February 22, 2021 (the ?Employment Agreement?), is made by and between MFA Financial, Inc. (the ?Company?) and Gudmundur Kristjansson (?Executive?). WITNESSETH: WHEREAS, the Company and Executive desire

AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.3 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 1 (the ?Amendment?), dated as of May 3, 2022, to the Amended and Restated Employment Agreement with the Company entered into as of February 22, 2021 (the ?Employment Agreement?), is made by and between MFA Financial, Inc. (the ?Company?) and Bryan Wulfsohn (?Executive?). WITNESSETH: WHEREAS, the Company and Executive desire to amend

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

First Quarter 2022 Earnings Presentation

Exhibit 99.2 First Quarter 2022 Earnings Presentation Forward looking statements 2 When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or simila

AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.1 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 1 (the ?Amendment?), dated as of May 3, 2022, to the Amended and Restated Employment Agreement with the Company entered into as of February 22, 2021 (the ?Employment Agreement?), is made by and between MFA Financial, Inc. (the ?Company?) and Craig L. Knutson (?Executive?). WITNESSETH: WHEREAS, the Company and Executive desire to ame

Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 27, 2022

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?? ) Filed by the Registrant ? ? ? Filed by a party other than the Registrant ? ? ?? Check the appropriate box: ?? ? ? Pre

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Ame

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?? ) Filed by the Registrant ? ? ? Filed by a party other than the Registrant ? ? ? Check the appropriate box: ? Preliminary Proxy statement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Ame

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?? ) Filed by the Registrant ? ? ? Filed by a party other than the Registrant ? ? ?? Check the appropriate box: ? ? ? Prel

Articles of Amendment to the Amended and Restated Articles of Incorporation of the Registrant, dated April 4, 2022 (incorporated herein by reference to Exhibit 3.2 to the Registrant’s Form 8-K, dated April 4, 2022).

EXHIBIT 3.2 MFA FINANCIAL, INC. ARTICLES OF AMENDMENT THIS IS TO CERTIFY THAT: FIRST: The charter (the ?Charter?) of MFA Financial, Inc., a Maryland corporation (the ?Corporation?), is hereby amended to decrease, immediately upon the Effective Time (as defined below), the par value of the shares of common stock of the Corporation issued and outstanding immediately prior to the filing of these Arti

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 1, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Co

Articles of Amendment to the Amended and Restated Articles of Incorporation of the Registrant, dated April 4, 2022 (incorporated herein by reference to Exhibit 3.1 to the Registrant’s Form 8-K, dated April 4, 2022).

EXHIBIT 3.1 MFA FINANCIAL, INC. ARTICLES OF AMENDMENT THIS IS TO CERTIFY THAT: FIRST: The charter (the ?Charter?) of MFA Financial, Inc., a Maryland corporation (the ?Corporation?), is hereby amended to provide that, immediately upon the Effective Time (as defined below), every four shares of common stock (the ?Common Stock?), $0.01 par value per share, of the Corporation which were issued and out

48th Floor New York, New York 10017 (212) 207-6400

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 (212) 207-6400 PRESS RELEASE FOR IMMEDIATE RELEASE March 11, 2022 NEW YORK METRO Investor Contact: MFA Investor Relations 212-207-6488 www.mfafinancial.com NYSE: MFA MFA Financial, Inc. Announces Dividend of $0.11 per Share -MFA Also Announces New Stock Repurchase Program- NEW YORK ? MFA Financial, Inc. (NYS

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 11, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 4.1 DESCRIPTION OF THE REGISTRANT?S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2021, MFA Financial, Inc. had three classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the ?Exchange Act?): (1) our common stock, par value $0.01 per share (our ?common stock?); (2) our 7.50% Series B C

Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Properties Holding Corp. Delaware Lima One Holdings, LLC Delaware Lima One Capital, LLC Georgia MFA Omaha Borrower, LLC Delaware MFA Securities Holdings L

Exhibit 21 Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Properties Holding Corp.

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2022 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Announces Fourth Quarter 2021 Financial Results Continued success in acquiring assets drives higher net interest income Relative book value stability - Earnings of $0.08 per common share Second consecutive record quarter for origi

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE February 23, 2022 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Fourth Quarter 2021 Financial Results Continued success in acquirin

Fourth Quarter 2021 Earnings Presentation

Exhibit 99.2 Fourth Quarter 2021 Earnings Presentation Forward looking statements 2 When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or simil

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, I

MFA / MFA Financial, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer: MFA Financial Inc. Title of Class of Securities: REIT CUSIP Number: 55272X102 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d

MFA / MFA Financial, Inc. / STARWOOD CAPITAL GROUP GLOBAL II, L.P. - SCHEDULE 13D/A Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* MFA FINANCIAL, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 55272X102 (CUSIP Number) Ellis F. Rinaldi, Esq. Senior Managing Director and Co-General Counsel Starwood Capital Group Global II, L.P. 591 West

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 31, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Financial Statements and Exhibits, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 15, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Elects Sheila A. Stamps to Board of Directors

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 (212) 207-6400 PRESS RELEASE FOR IMMEDIATE RELEASE December 15, 2021 NEW YORK METRO CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MFA Financial, Inc. Elects Sheila A. Stamps to Board of Directors NEW YORK ? MFA Financial, Inc. (NYSE: MFA) announced today that its Boa

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

Third Quarter 2021 Earnings Presentation

Exhibit 99.2 Third Quarter 2021 Earnings Presentation Forward looking statements 2 When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or simila

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

MFA Financial, Inc. Announces Third Quarter 2021 Financial Results $2.0 billion in asset acquisitions continues to drive higher net interest income Earnings of $0.28 per basic common share, resulting in strong book value growth Significant contributi

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE November 5, 2021 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Third Quarter 2021 Financial Results $2.0 billion in asset acquisiti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

Second Quarter 2021 Earnings Presentation

Exhibit 99.2 Second Quarter 2021 Earnings Presentation Forward looking statements 2 When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or simil

MFA Financial, Inc. Announces Second Quarter 2021 Financial Results Asset acquisitions exceed run-off for the first time since COVID onset Book value stability despite a volatile market for mortgages 16% increase in net interest income over first qua

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE August 5, 2021 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2021 Financial Results Asset acquisitions exceed run-of

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 5, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full title of the plan an

MFA / MFA Financial, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer: MFA Financial Inc. Title of Class of Securities: REIT CUSIP Number: 55272X102 Date of Event Which Requires Filing of this Statement: May 28, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ??Rule 13d-1(b)

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 2, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

AMENDED AND RESTATED AGREEMENT

Exhibit 10.5 AMENDED AND RESTATED AGREEMENT THIS AMENDED AND RESTATED AGREEMENT (this ?Agreement?) is entered into and effective this 5th day of May, 2021 (the ?Effective Date?), by and between Harold E. Schwartz (?Executive?) and MFA Financial, Inc. (?MFA? or the ?Company?) and amends and restates the agreement entered into as of May 6, 2020 (the ?May 2020 Agreement?), between Executive and the C

Additional information relating to agreement to acquire ownership interests of Lima One Holdings, LLC.

Exhibit 99.4 Strategic Acquisition of Lima One Capital to Accelerate BPL Investment Strategy Investor Presentation May 6, 2021 Cautionary language regarding forward-looking statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to MFA?s agreement to acqui

AMENDED AND RESTATED AGREEMENT

Exhibit 10.4 AMENDED AND RESTATED AGREEMENT THIS AMENDED AND RESTATED AGREEMENT (this ?Agreement?) is entered into and effective this 5th day of May, 2021 (the ?Effective Date?), by and between Stephen D. Yarad (?Executive?) and MFA Financial, Inc. (?MFA? or the ?Company?) and amends and restates the agreement entered into as of May 6, 2020 (the ?May 2020 Agreement?), between Executive and the Com

MFA Financial, Inc. Announces Agreement to Acquire Lima One Capital, Accelerating MFA’s Business Purpose Lending Investment Strategy

Exhibit 99.3 MFA FINANCIAL, INC. One Vanderbilt Avenue 48th Floor New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 6, 2021 NEW YORK METRO?? INVESTOR CONTACT: [email protected] NYSE: MFA ??????212-207-6488 ???? www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Agreement to Acquire Lima One Capital, Acceler

Additional information relating to the financial results of MFA Financial, Inc. for the quarter ended March 31, 2021.

Exhibit 99.2 First Quarter 2021 Earnings Presentation Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as ?will,? ?believe,? ?expect,? ?anticipate,? ?estimate,? ?plan,? ?continue,? ?intend,? ?should,? ?could,? ?would,? ?may,? the negative of these words or similar

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

MFA Financial, Inc. Announces First Quarter 2021 Financial Results and Acquisition of Lima One Holdings, LLC Earnings driven by strong portfolio performance and lower financing costs Acquisition of leading business purpose loan originator secures sub

Exhibit 99.1 MFA FINANCIAL, INC. One Vanderbilt Ave New York, New York 10017 PRESS RELEASE FOR IMMEDIATE RELEASE May 6, 2021 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces First Quarter 2021 Financial Results and Acquisition of Lima One Holdings

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

- DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?? ) Filed by the Registrant ? Filed by a party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy statement ? Confi

- DEF 14A

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?? ) Filed by the Registrant ? ? ? Filed by a party other than the Registrant ? ? ?? Check the appropriate box: ?? ? ? Pre

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 10.2 AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this ?Agreement?) is entered into as of the 22nd day of February, 2021, and effective as of the first day of January, 2021 (the ?Effective Date?), by and between MFA Financial, Inc. (?MFA?), and Craig L. Knutson (the ?Executive?). WITNESSETH: WHEREAS, MFA and the Executive entered into an employm

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 4.1 DESCRIPTION OF THE REGISTRANT?S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2020, MFA Financial, Inc. had four classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the ?Exchange Act?): (1) our common stock, par value $0.01 per share (our ?common stock?); (2) our 7.50% Series B Cu

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2021 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Properties Holding Corp. Delaware MFA Omaha Borrower, LLC Delaware MFA Securities Holdings LLC Delaware MFA Securitization Holdings LLC Delaware MFResiden

EX-21 9 exhibit21subsidiariesofthe.htm EX-21 Exhibit 21 Subsidiaries of the Registrant Jurisdiction Beaumont Securities Holdings, LLC Delaware Diplomat Properties Holding Corp. Delaware MFA Omaha Borrower, LLC Delaware MFA Securities Holdings LLC Delaware MFA Securitization Holdings LLC Delaware MFResidential Assets I, LLC Delaware MFResidential Assets Holding Corp. Delaware MFRA Trust 2014-2 Dela

MFA Financial, Inc. Announces Fourth Quarter 2020 Financial Results Earnings continue to stabilize as financing initiatives are implemented $50.7 million of accretive common stock repurchases Limited dilution from execution of warrant transactions wi

Exhibit 99.1 MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022 PRESS RELEASE FOR IMMEDIATE RELEASE February 23, 2021 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Fourth Quarter 2020 Financial Results Earnings continue to stabilize a

Annual Report - 10-K MFA FINANCIAL, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, I

[Signature Page Follows]

Exhibit 10.8 AGREEMENT THIS AGREEMENT (this ?Agreement?) is entered into this 6th day of May, 2020 (the ?Effective Date?), by and between Harold E. Schwartz (?Executive?) and MFA Financial, Inc. (?MFA? or the ?Company?). WHEREAS, the Company and Executive desire to enter into an agreement to reflect their understanding with respect to termination benefits to be provided in the event of a qualifyin

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 10.6 AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this ?Agreement?) is entered into as of the 22nd day of February, 2021, and effective as of the first day of January, 2021 (the ?Effective Date?), by and between MFA Financial, Inc. (?MFA?), and Bryan Wulfsohn (the ?Executive?). WITNESSETH: WHEREAS, MFA and the Executive entered into an employmen

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 10.4 AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this ?Agreement?) is entered into as of the 22nd day of February, 2021, and effective as of the first day of January, 2021 (the ?Effective Date?), by and between MFA Financial, Inc. (?MFA?), and Gudmundur Kristjansson (the ?Executive?). WITNESSETH: WHEREAS, MFA and the Executive entered into an e

Additional information relating to the financial results of MFA Financial, Inc. for the quarter ended December 31, 2020.

EX-99.2 3 tm217520d1ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Fourth Quarter 2020 Earnings Presentation Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “

MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN PHANTOM SHARE AWARD AGREEMENT (PERFORMANCE BASED VESTING)

Exhibit 10.19 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN PHANTOM SHARE AWARD AGREEMENT (PERFORMANCE BASED VESTING) AGREEMENT, dated as of the day of , 202 (the ?Grant Date?), by and between MFA Financial, Inc., a Maryland corporation (the ?Company?), and (the ?Grantee?). WHEREAS, the Company maintains the MFA Financial, Inc. Equity Compensation Plan, as it may be amended from time to time (the ?

MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN PHANTOM SHARE AWARD AGREEMENT (TIME BASED VESTING)

Exhibit 10.18 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN PHANTOM SHARE AWARD AGREEMENT (TIME BASED VESTING) AGREEMENT, dated as of the of , 202 (the ?Grant Date?), by and between MFA Financial, Inc., a Maryland corporation (the ?Company?), and (the ?Grantee?). WHEREAS, the Company maintains the MFA Financial, Inc. Equity Compensation Plan, as it may be amended from time to time (the ?Plan?) (cap

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 7)*

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 7)* Name of issuer: MFA Financial Inc. Title of Class of Securities: REIT CUSIP Number: 55272X102 Date of Event Which Requires Filing of this Statement: December 31, 2020 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. n/a )* MFA Financial (Name of Issuer) (Title of Class of Securities) (CUSIP Number) Calendar Year 2020 (Date

Schedule 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. n/a )* MFA Financial (Name of Issuer) Common (Title of Class of Securities) 55272x102 (CUSIP Number) Calendar Year 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which thi

EX-99.25

NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on January 19, 2021, pursuant to the provisions of Rule 12d2-2 (a).

MFA Financial, Inc. Announces Redemption of All Outstanding 8.00% Senior Notes due 2042

EX-99.1 Exhibit 99.1 For Immediate Release MFA Financial, Inc. Announces Redemption of All Outstanding 8.00% Senior Notes due 2042 NEW YORK, December 22, 2020 /PRNewsire/ — MFA Financial, Inc. (NYSE: MFA) (the “Company”), today announced that it has issued a notice of redemption (the “Redemption”) for all $100,000,000 aggregate principal amount of its outstanding 8.00% Senior Notes due 2042 (CUSIP

Regulation FD Disclosure, Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 22, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1)* Under the Securities Exchange Act of 1934 MFA FINANCIAL, INC. (Name of Issuer) Common stock, par value $0.01 per share (Title of Class of Securiti

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1)* Under the Securities Exchange Act of 1934 MFA FINANCIAL, INC. (Name of Issuer) Common stock, par value $0.01 per share (Title of Class of Securities) 55272X102 (CUSIP Number) John F. Hartigan, Esq. Morgan, Lewis & Bockius LLP 300 S. Grand Avenue, 22nd Floor Los Angeles, CA 90071 (213) 612-2500 (

PURCHASE AND SALE AGREEMENT

Exhibit E Execution Version PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement (this “Agreement”) dated as of December 10, 2020 (the “Effective Date”), by and among Omaha Equity Aggregator, L.

MFA Financial, Inc. Announces Third Quarter 2020 Financial Results MFA also announces repayment of $500 million loan from Apollo and Athene Company also announces $250 million stock repurchase program

Exhibit 99.1 MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022 PRESS RELEASE FOR IMMEDIATE RELEASE November 5, 2020 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Third Quarter 2020 Financial Results MFA also announces repayment of $5

Additional information relating to the financial results of MFA Financial, Inc. for the quarter ended September 30, 2020.

Exhibit 99.2 Third Quarter 2020 Earnings Presentation Forward looking statements When used in this press release or other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of these words or similar

Regulation FD Disclosure, Results of Operations and Financial Condition - FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization)

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers - FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 29, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization

JOINT FILING AGREEMENT

Exhibit 1 JOINT FILING AGREEMENT The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Transactions of the Reporting Persons Effected During the Past 60 Days

Exhibit 2 Transactions of the Reporting Persons Effected During the Past 60 Days The following transactions were effected directly by SAR Public Holdings II, L.

MFA / MFA Financial, Inc. / STARWOOD CAPITAL GROUP GLOBAL II, L.P. - SC 13D Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.)* MFA FINANCIAL, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 55272X102 (CUSIP Number) Ellis F. Rinaldi, Esq. Senior Managing Director and Co-General Counsel Starwood Capital Group Global II, L.P. 591 West Putn

Financial Statements and Exhibits, Other Events - FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 13, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (

CALCULATION OF REGISTRATION FEE

TABLE OF CONTENTS  Filed pursuant to Rule 424(b)(7)  Registration No. 333-233337 CALCULATION OF REGISTRATION FEE Title of Each Class of Securities to be Registered(1) Amount to be Registered(2) Proposed Maximum Offering Price Per Share Proposed Maximum Aggregate Offering Price Amount of Registration Fee Common Stock, par value $0.01 per share, issuable upon exercise of Warrants 37,039,106 $ 2.94(3

Additional information relating to the financial results of MFA Financial, Inc. for the quarter ended June 30, 2020.

Exhibit 99.2 Second Quarter 2020 Earnings Presentation Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” the negative of these words or similar

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (C

MFA Financial, Inc. Announces Second Quarter 2020 Financial Results and declares $0.05 common dividend

Exhibit 99.1 MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022 PRESS RELEASE FOR IMMEDIATE RELEASE August 6, 2020 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Announces Second Quarter 2020 Financial Results and declares $0.05 common dividend

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-

Joint Filing Agreement

EXHIBIT D JOINT FILING AGREEMENT MFA FINANCIAL, INC. In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of the Statement on Schedule 13D and any and all further amendments thereto, with respect to the securities of the above referenced issuer, and that this Agre

MFA / MFA Financial, Inc. / Apollo Management Holdings GP, LLC - SC 13D Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. )* Under the Securities Exchange Act of 1934 MFA FINANCIAL, INC. (Name of Issuer) Common stock, par value $0.01 per share (Title of Class of Securities) 55272X102 (CUSIP Number) John F. Hartigan, Esq. Morgan, Lewis & Bockius LLP 300 S. Grand Avenue, 22nd Floor Los Angeles, CA 90071 (213) 612-2500 (N

Reinstatement Agreement, dated as of June 26, 2020, by and among the Company and the several Participating Counterparties thereto.

Exhibit 10.5 EXECUTION VERSION REINSTATEMENT AGREEMENT THIS REINSTATEMENT AGREEMENT, dated as of June 26, 2020 (this “Agreement”), by and among MFA Financial, Inc. and its undersigned affiliates, jointly and severally (each, a “Seller Entity” and, collectively, the “Companies”), and the buyer parties listed on Schedule 1 hereto (collectively, the “Participating Counterparties”), recites and provid

Registration Rights Agreement, dated as of June 26, 2020, by and among MFA Financial, Inc., Omaha Equity Aggregator, L.P., Athene USA Corporation, Athene Annuity & Life Assurance Company and Athene Annuity and Life Company (incorporated by reference to Exhibit 10.3 of the Issuer’s Current Report on Form 8-K filed on June 30, 2020)

Exhibit 10.3 EXECUTION VERSION REGISTRATION RIGHTS AGREEMENT by and between MFA FINANCIAL, INC., OMAHA EQUITY AGGREGATOR, L.P., ATHENE USA CORPORATION, Athene Annuity & Life Assurance Company and Athene Annuity and Life Company Dated as of June 26, 2020 TABLE OF CONTENTS PAGE ARTICLE I Resale Shelf Registration Section 1.1 Resale Shelf Registration Statement 1 Section 1.2 Effectiveness Period 2 Se

Credit Agreement, dated June 15, 2020, among MFResidential Assets Holding Corp., the Company, the lenders party thereto and Wilmington Trust, National Association, as administrative agent and collateral agent.

Exhibit 10.1 EXECUTION VERSION CREDIT AGREEMENT dated as of June 15, 2020 among MFRESIDENTIAL ASSETS HOLDING CORP., as Borrower, MFA FINANCIAL, INC., as Parent, THE LENDERS PARTY HERETO and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent and Collateral Agent TABLE OF CONTENTS Page ARTICLE 1 Definitions 1 Section 1.01 Defined Terms 1 Section 1.02 Terms Generally 27 Section 1.03 Desi

Form of Warrant, dated June 26, 2020.

Exhibit 10.4 EXECUTION VERSION FORM OF WARRANT THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUAN

Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Unregistered Sales of Equity Securities, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 June 26, 2020 Date of Report (date of earliest event reported) MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022

Exhibit 99.1 MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022 PRESS RELEASE FOR IMMEDIATE RELEASE June 29, 2020 NEW YORK METRO CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MFA Financial, Inc. Closes Funding of $500 million Capital Raise with Apollo and Athene and $2.0 billion of Non-Mark-to-Market Facilities - MFA Also Announces Exit from Forb

Investment Agreement, dated as of June 15, 2020, by and among MFA Financial, Inc., Omaha Equity Aggregator, L.P. and Athene USA Corporation (incorporated by reference to Exhibit 10.2 of the Issuer’s Current Report on Form 8-K filed on June 30, 2020)

Exhibit 10.2 EXECUTION VERSION INVESTMENT AGREEMENT by and among MFA FINANCIAL, INC., OMAHA EQUITY AGGREGATOR, L.P. and ATHENE USA CORPORATION Dated as of June 15, 2020 TABLE OF CONTENTS Article I Definitions Section 1.01 Definitions 1 Article II Purchase and Sale Section 2.01 Issuance and Acquisition at the Closing 8 Section 2.02 Secondary Purchase Commitment 8 Section 2.03 Closing 8 Section 2.04

- 11-K MFA FINANCIAL, INC. 12.31.2019

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 A. Full title of the plan an

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1

Regulation FD Disclosure, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Co

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Unregistered Sales of Equity Securities, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 June 15, 2020 Date of Report (date of earliest event reported) MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Com

MFA Financial, Inc. Provides First Quarter 2020 Financial Results, Announces $500 million Capital Raise with Apollo and Athene and $1.65 billion Committed Term Borrowing Facility

Exhibit 99.1 MFA FINANCIAL, INC. 350 Park Avenue New York, New York 10022 PRESS RELEASE FOR IMMEDIATE RELEASE June 16, 2020 NEW YORK METRO INVESTOR CONTACT: [email protected] NYSE: MFA 212-207-6488 www.mfafinancial.com MEDIA CONTACT: Abernathy MacGregor Tom Johnson 212-371-5999 MFA Financial, Inc. Provides First Quarter 2020 Financial Results, Announces $500 million Capital Raise

June 2020 Company Update • • • Capital Raise Q1 2020 Financial Results Review Q2 Portfolio activity through May 31, 2020

Exhibit 99.2 June 2020 Company Update • • • Capital Raise Q1 2020 Financial Results Review Q2 Portfolio activity through May 31, 2020 Forward Looking Statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “int

MFA Financial, Inc. Equity Compensation Plan

Exhibit 10.1 MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN (Amended and Restated effective as of June 10, 2020) 1. PURPOSE. The Plan is intended to provide incentives to key employees, officers and directors expected to provide significant services to the Company, including the employees, officers and directors of the other Participating Companies, to encourage a proprietary interest in the Company

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 10, 2020 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Co

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 June 1, 2020 Date of Report (date of earliest event reported) MFA Financial, Inc. (Exact name of registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation or organization) (Comm

MFA Financial, Inc. Announces Extended Forbearance and Provides Dividend Update

EX-99.1 3 tm2021572d1ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE MFA Financial, Inc. Announces Extended Forbearance and Provides Dividend Update NEW YORK, June 1, 2020 /PRNewswire/ - MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that it has entered into a third Forbearance Agreement with certain counterparties to its various repurchase agreement finan

Third Forbearance Agreement, dated as of June 1, 2020, by and among the Company and the several Participating Counterparties thereto.

Exhibit 10.1 EXECUTION VERSION THIRD FORBEARANCE AGREEMENT THIS THIRD FORBEARANCE AGREEMENT, dated as of June 1, 2020 (this “Agreement”), by and among MFA Financial, Inc. and its undersigned affiliates, jointly and severally (each, a “Seller Entity,” and collectively, the “Companies”), and the buyer parties listed on Schedule 1 hereto (collectively, the “Participating Counterparties”), recites and

Form of Indemnification Agreement.

Exhibit 10.1 MFA Financial, Inc. Form of Indemnification Agreement INDEMNIFICATION AGREEMENT THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the day of , 20, by and between MFA Financial, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”). WHEREAS, at the request of the Company, Indemnitee currently serves as [a director] [and/or] [an officer] of the Compa

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2020 MFA Financial, Inc. (Exact name of Registrant as specified in its charter) Maryland 1-13991 13-3974868 (State or other jurisdiction of incorporation) (Commission File Num

Agreement, entered into as of May 6, 2020, by and between the Company and Stephen D. Yarad

EX-10.1 2 tm2018821d1ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 EXECUTION COPY AGREEMENT THIS AGREEMENT (this “Agreement”) is entered into this 6th day of May, 2020 (the “Effective Date”), by and between Stephen D. Yarad (“Executive”) and MFA Financial, Inc. (“MFA” or the “Company”). WHEREAS, the Company and Executive desire to enter into an agreement to reflect their understanding with respect to termi