1 unchanged sentence
Market Information
−Removed: Our common stock is listed on the New York Stock Exchange, under the symbol “MFA”.
−Removed: Our Series B Preferred Stock and Series C Preferred Stock are also listed on the NYSE, under the symbols “MFA/PB” and “MFA/PC”, respectively.
+Added: Our common stock is listed on the New York Stock Exchange, under the symbol “MFA.” Our Series B Preferred Stock and Series C Preferred Stock are also listed on the NYSE, under the symbols “MFA/PB” and “MFA/PC,” respectively.
As of February 15, 2024, we had 401 registered holders of our common stock.
16 unchanged sentences
2023 December 13, 2023 December 29, 2023 January 31, 2024 $0.350 (1)
−Removed: September 13, 2022 September 30, 2022 October 31, 2022 0.440
+Added: September 20, 2023 October 2, 2023 October 31, 2023 0.350
June 15, 2023 June 30, 2023 July 31, 2023 0.350
5 unchanged sentences
(1) At December 31, 2023, we had accrued dividends and dividend equivalents payable of $35.8 million related to the common stock dividend declared on December 13, 2023.
−Removed: This dividend will be subject to taxation for the recipient in 2023.
+Added: This dividend will be treated as a dividend paid in 2024 to the extent of the Company’s earnings and profits in 2024.
+Added: (2) At December 31, 2022, we had accrued dividends and dividend equivalents payable of $35.8 million related to the common stock dividend declared on December 14, 2022.
+Added: A portion of this dividend was considered taxable income to the recipient in 2023.
For more information see our 2023 Dividend Tax Information on our website.
1 unchanged sentence
the amount actually paid in respect of such dividend was $0.11 per share, which was based on the pre-split number of shares held by stockholders at the record date for such dividend (March 22, 2022).
−Removed: (3) The $0.44, $0.40, $0.40 and $0.30 per share dividend amounts for the three months ended December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively, have been adjusted to reflect the Reverse Stock Split;
−Removed: the dividends actually paid in respect of such dividends were $0.11, $0.10, $0.10 and $0.075 per share, respectively, which were based on the pre-split number of shares held by stockholders at the record dates for such dividends (December 31, 2021, September 30, 2021, June 30, 2021, and March 31, 2021, respectively).
−Removed: (4) At December 31, 2021, we had accrued dividends and dividend equivalents payable of $47.8 million related to the common stock dividend declared on December 14, 2021.
−Removed: This dividend was considered taxable income to the recipient in 2022.
−Removed: For more information see our 2021 Dividend Tax Information on our website.
We have not established a minimum payout level for our common stock.
7 unchanged sentences
Acquisitions under the stock repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws (including, in our discretion, through the use of one or more plans adopted under Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended (or the “Exchange Act”)).
−Removed: During the year ended December 31, 2022, we repurchased 6,476,746 shares of our common stock through the stock repurchase program at an average cost of $15.80 per share and a total cost of approximately $102.1 million, net of fees and commissions paid to the sales agent of approximately $161,000.
−Removed: As of December 31, 2022, we were permitted to purchase an additional $202.5 million of our common stock under our stock repurchase program.
−Removed: We engaged in no share repurchase activity during the fourth quarter of 2022 pursuant to the stock repurchase program nor did we withhold any restricted shares (under the terms of grants under our Equity Compensation Plan (or Equity Plan)) to
−Removed: offset tax withholding obligations that occur upon the vesting and release of restricted stock awards and/or restricted stock units (or RSUs).
+Added: We did not repurchase any shares of our common stock during the year ended December 31, 2023.
+Added: Upon expiration of the repurchase authorization on December 31, 2023, approximately $202.5 million remained unused under our stock repurchase program.
Discount Waiver, Direct Stock Purchase and Dividend Reinvestment Plan
5 unchanged sentences
Stockholders who own common stock that is registered in a name other than their own (e.g., broker, bank or other nominee) and who want to participate in the DRSPP must either request such nominee holder to participate on their behalf or request that such nominee holder re-register our common stock in the stockholder’s name and deliver a completed enrollment form to the Plan Agent.
−Removed: During the years ended 2022 and 2021, we issued 80,027 and 107,925 shares of common stock through the DRSPP generating net proceeds of approximately $1.2 million and $1.9 million, respectively.
−Removed: At-the-Market Offering Program
−Removed: On August 16, 2019, we entered into a three-year distribution agreement under the terms of which we had the ability to offer and sell shares of our common stock having an aggregate gross sales price of up to $400.0 million (or the ATM Shares), from time to time, through various sales agents, pursuant to an at-the-market equity offering program (or the ATM Program).
−Removed: Sales of the ATM Shares, if any, were made in negotiated transactions or by transactions that are deemed to be “at-the-market” offerings, as defined in Rule 415 under the 1933 Act, including sales made directly on the NYSE or sales made to or through a market maker other than an exchange.
−Removed: The sales agents were entitled to compensation of up to two percent of the gross sales price per share for any shares of common stock sold under the distribution agreement.
−Removed: During the years ended December 31, 2022 and 2021, we did not sell any shares of common stock through the ATM Program and the ATM Program expired in August, 2022.
+Added: During the years ended 2023 and 2022, we issued 6,666 and 80,027 shares of common stock through the DRSPP generating net proceeds of approximately $74,000 and $1.2 million, respectively.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.