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MFA Financial's CEO Hosts JPMorgan SMid Cap Conference (Transcript)

MFA Financial, Inc. (MFA)

JPMorgan SMid Cap Conference Call

November 30, 2011 11:45 ET

Executives

Stewart Zimmerman – Chief Executive Officer

Bill Gorin – President

Craig Knutson – Executive Vice President

Analysts

Rich Shane – JPMorgan

Presentation

Rich Shane – JPMorgan

Since we're already on the clock, I'm just going to do a very brief introduction. I'm Rick Shane from JPMorgan. I'm the specialty finance analyst. I'm delighted to introduce the management from MFA. MFA is one of the most established mortgage REITs. The company's current dividend is over 15%. MFA is a hybrid mortgage REIT with over $12 billion of assets, about $7.5 billion of that is in agency securities, just over $4 billion is in non-agency securities. We look at MFA as an absolute return play as opposed to some of the more relative return plays within the mortgage REIT industry. And with that, I will turn it over to management.

Stewart Zimmerman -- Chief Executive Officer

Thank you.

Rich Shane – JPMorgan

Thank you, Stewart.

Stewart Zimmerman – Chief Executive Officer

Good morning. Thanks for being here. My name is Stewart Zimmerman. I’m the CEO of MFA. With me is Bill Gorin is President, Craig Knutson, Executive Vice President, our CFO is sitting over here, Steve Yarad. So, thank you.

Generally, we do this kind of in a -- as we do everything, actually, in our office, kind of in the team efforts. So, I will kind of lead it off, and turn it over to Bill, turn it over to Craig, and then you ask some questions. We have the CFO here he can answer any of your accounting questions.

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