MFA FINANCIAL,INC. (NYSE:MFA) Files An 8-K Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans
Item 5.04 Temporary Suspension of Trading Under Registrants
Employee Benefit Plans
The information set forth in this Form8-K updates the information
contained in the Form8-K filed by MFA Financial,Inc. (the
Company) on December22, 2016.
On February28, 2017, the Company sent a notice (the February28th
Notice) to participants providing them with updated information
regarding the status of the transition to a new record keeper for
the MFA Financial,Inc. 401(k)Savings Plan (the Plan). Such notice
updated the notice sent by the Company to participants on
December22, 2016 (the December22nd Notice). As stated in the
February28th Notice, the Company now expects the period during
which Plan participants and beneficiaries will be unable to
direct or diversify the investments in their Plan accounts
(including shares of the Companys common stock or other Company
securities) or obtain a loan or distribution from the Plan (the
Blackout Period), which began January26, 2017, to end on or
before March15, 2017 (rather than on or before March1, 2017, as
was indicated in the December22nd Notice).
On February28, 2017, the Company sent an updated notice of
Blackout Period (the Updated DO Blackout Period Notice) to the
members of its board of directors and executive officers to
Section306 of the Sarbanes-Oxley Act of 2002 and Section104 of
Regulation BTR adopted under the Securities Exchange Act of 1934,
informing them that they would be prohibited during the Blackout
Period (which, as indicated above, is now expected to end on or
before March15, 2017) from purchasing or selling shares of the
Companys common stock (including derivative securities pertaining
to such shares) that they acquire or have previously acquired in
connection with their service or employment as a director or
executive officer of the Company. This Blackout Period is in
addition to other blackout periods that may be imposed by the
Company.
A copy of the Updated DO Blackout Period Notice is attached as
Exhibit99.1 and is incorporated by reference. During the Blackout
Period and for a period of two years after the ending date of the
Blackout Period, security holders or other interested persons may
obtain, without charge, information about the actual beginning
and ending dates of the Blackout Period and other information
regarding the Blackout Period by contacting the Investor
Relations department of the Company by telephone at 212-207-6488,
or in writing, at 350 Park Avenue, 20th Floor, New York, New York
10022.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits
|
99.1 |
Notice, dated February28, 2017, to Directors and Executive |
About MFA FINANCIAL, INC. (NYSE:MFA)
MFA Financial, Inc. is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities. Its objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. It selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. Its Agency MBS portfolio consists of Hybrids, 15-year fixed-rate mortgages and adjustable-rate mortgages. The Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and MBS collateralized by re-performing and non-performing loans (RPL/NPL MBS). MFA FINANCIAL, INC. (NYSE:MFA) Recent Trading Information
MFA FINANCIAL, INC. (NYSE:MFA) closed its last trading session down -0.01 at 8.02 with 2,910,557 shares trading hands.
