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MFA Financial, Inc. Prices Public Offering Of Series B Cumulative Redeemable Preferred Stock

NEW YORK, April 9, 2013 /PRNewswire/ -- MFA Financial, Inc. (NYSE:  MFA) announced that yesterday it priced a public offering of 7 million shares of its 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $175 million. The offering is subject to customary closing conditions and is expected to close on or about April 15, 2013.

In connection with the offering, MFA has granted the underwriters an option for 30 days to purchase up to an additional 1.05 million shares of the Series B Preferred Stock to cover overallotments, if any.

MFA expects to use the net proceeds of the offering for general corporate purposes, including, without limitation, the redemption of all or a portion of its outstanding 8.50% Series A Cumulative Redeemable Preferred Stock, and to use any remaining net proceeds to acquire additional mortgage-backed securities, consistent with its investment policy, and for working capital, which may include, among other things, the repayment of its repurchase agreements.   

Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.  RBC Capital Markets, LLC is acting as lead manager for the offering and Credit Suisse Securities ( USA) LLC, Deutsche Bank Securities Inc., JMP Securities LLC and Sterne, Agee & Leach, Inc. are acting as co-managers for the offering. 

MFA has filed a shelf registration statement and prospectus with the Securities and Exchange Commission (SEC), and will file a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and the accompanying prospectus and other documents MFA has filed with the SEC for more complete information about MFA and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, MFA, the underwriters or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request them by contacting:

Morgan Stanley & Co. LLC180 Varick Street New York, NY 10014Attention: Prospectus Departmentor by calling 1-866-718-1649or by e-mail: prospectus@morganstanley.com

UBS Securities LLC299 Park Avenue New York, New York 10171Attention: Prospectus Specialistor by calling 1-877-827-6444 (ext. 561-3884)

Wells Fargo Securities, LLC1525 West W.T. Harris Blvd., NC0675 Charlotte, North Carolina 28262Attention: Capital Markets Client Supportor by calling 1-800-326-5897or e-mail: cmclientsupport@wellsfargo.com

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