◆ Preferred Stock Research

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MFA-P-B NOW TRADING POST CALL DATE

MFA FINANCIAL, INC. · Series B · REIT - Diversified
Also quoted as: MFA-B, MFAprB, MFA.PRB, MFA-PB, MFApB
$20.16
last price

About this security

MFA-P-B is a 7.5% cumulative perpetual preferred stock issued by MFA FINANCIAL, INC., a REIT - Diversified issuer. $25 liquidation preference, current yield 9.30%, callable from 2018-04-15.

MFA FINANCIAL, INC.: MFA Financial is an internally managed real estate investment trust (REIT) that specializes in investing in and financing residential mortgage assets. Its core holdings include residential whole loans — such as non-qualified mortgage (Non-QM) loans, legacy reperforming and non-performing loans (RPL/NPL), and business purpose loans (BPLs) — as well as residential mortgage-backed securities (Agency and Non-Agency MBS) and credit risk transfer (CRT) securities. Through its wholly-owned subsidiary Lima One Capital, acquired in July 2021, MFA also originates and services business purpose loans directly to real estate investors on a nationwide basis. The company focuses its investment strategy on residential mortgage credit fundamentals, with an emphasis on credit analysis, prepayment projections, and interest rate sensitivity.

Issuer page — all MFA FINANCIAL, INC. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 22:24:03 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
9.30%
Annual Dividend
$1.8750
Recent Market Price
$20.16
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-06-04
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
7.500%
Call Date
2018-04-15 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
9.30%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Pay Dates
March 31, June 30, September 30, December 31
Shares Offered (original)
7,000,000 +1,050,000 OA
Issued
2013-04-10
Series
B
Alt. Symbology
MFA-B, MFAprB, MFA.PRB, MFA-PB, MFApB

vs. REIT - Diversified category (121 issues): yield 9.30% vs avg 8.15% · discount -19.4% vs avg -13.9%

Quote

 MFA-P-B (preferred)MFA (common)
Last $20.16 $9.42
Change
Open$20.00$9.36
High / Low $20.20 / $20.00 $9.44 / $9.29
Prev Close
Volume16,9141,251,068
52-Week High / Low $22.16 / $19.05 $10.56 / $8.78

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

MFA-P-B MFA (common)

Dividend History

Ex-DateAmount / Share
2026-06-04$0.468750
2026-03-04$0.468750
2025-12-04$0.468750
2025-09-04$0.468750
2025-06-04$0.468750
2025-03-04$0.468750
2024-12-03$0.468750
2024-08-30$0.468750
2024-06-05$0.468750
2024-03-04$0.468750
2023-12-01$0.468750
2023-09-01$0.468750

Performance — $10K Calculator

See what an investment in MFA-P-B would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

We are offering 7,000,000 shares of our 7.50% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share (the "Series B Preferred Stock"). This is the initial issuance of our Series B Preferred Stock.

Full Prospectus (SEC filing) →

Other Securities from MFA FINANCIAL, INC.

SymbolTypeCouponPriceYield
MFA-P-C preferred 6.500% 22.85 10.75%
MFAN baby bond 8.875% 25.11 8.84%

News — MFA FINANCIAL, INC.

Issuer news via Tiingo, tagged to MFA.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
Finding your way around
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This is information, not investment advice.

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