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MFA Finanical 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Dividend suspended 3/2020 because of asset damage caused by Covid 19. 7/1/2020 The preferred stock was reinstated.

Coupon is fixed at 6.50% until 3/31/2025 after which it will float at 3 month Libor plus a spread of 5.345%

Ticker: MFA-C

Parent Ticker: MFA

OTC Grey Market Temporary Ticker: MFABO

Issuance Date: 02/25/2020

1st Call Date: 03/31/2025

Maturity Date: None

Shares Issued: 11,000,000

Overallotment Shares: 1,650,000

Coupon: 6.50%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4063

Payment Months: MAR, JUN, SEP, DEC

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR