MFA To Sell Shares To Buy MBS

08 Mar 2011

MFA Financial has announced plans to sell at least 60 million common shares and use part of the proceeds to purchase additional mortgage-backed securities.

MFA Financial has announced plans to sell at least 60 million common shares and use part of the proceeds to purchase additional mortgage-backed securities. The sale represents more than 20% of the investment firm’s outstanding shares. In February, MFA reported a 40% decline in interest income from agency ...

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