At April 30, 2012, we paid our first quarter 2012 dividend of $0.24 per share of common stock to stockholders of record as of April 4, 2012. In the first quarter, we added multi-year Non-Agency MBS financing; including an expanded collateralized financing arrangement and a re-securitization, reducing our reliance on short-term repurchase arrangements for Non-Agency mortgage-backed securities.We increased $500 million in existing collateralized financing arrangement that effectively provides three year financing again for Non-Agency mortgage-backed securities. As part of a re-securitization, $186 million of senior bonds rated "AAA" by DBRS, were issued to third-party investors via a trust. These bonds, with an average life of 1.9 years, were priced at a 2.75% yield.
MFA Financial's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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