MFA Financial, Inc. Provides Status Update on Status of Financing Arrangements as of March 23, 2020
MFA Financial, Inc. (MFA)
Last mfa financial, inc. earnings: 2/20 08:30 am
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US:NYSE Investor Relations:
mfafinancial.com
Company Research
Source: PR Newswire
NEW YORK, March 24, 2020 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that in recent weeks, due to the turmoil in the financial markets resulting from the global pandemic of the COVID-19 virus, the Company and its subsidiaries have received an unusually high number of margin calls from financing counterparties, and have also experienced higher funding costs in respect of its repurchase agreements. At the close of business on March 23, 2020, the Company did not meet its margin calls. Further, on March 23, 2020, the Company notified its financing counterparties that it does not expect to be in a position to fund the anticipated volume of future margin calls under its financing arrangements in the near term as a result of market disruptions created by the COVID-19 pandemic. The Company estimates that, as of March 20, 2020, the Company's aggregate obligations under its various financing arrangements is approximately $9.5 billion. In light of the event
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MFA
Earnings
- 2/22/24 - Beat
MFA
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- MFA's page on the SEC website