MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock
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MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock


NEW YORK, Nov. 5 /PRNewswire-FirstCall/ — MFA Mortgage Investments, Inc. (NYSE: MFA) announced today it plans to make a public offering of 15,000,000 shares of its common stock. MFA has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock to cover over-allotments. All of the shares are being offered by MFA.

UBS Investment Bank, Bear, Stearns & Co. Inc., Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering, with JMP Securities, RBC Capital Markets and Cantor Fitzgerald & Co. acting as co-managers.

The offering will be made under MFA’s existing shelf registration statement filed with the Securities and Exchange Commission. MFA expects to use substantially all of the net proceeds from this offering to acquire additional high quality MBS, on a leveraged basis, consistent with its investment policy and for working capital, which may include, among other things, the repayment of its repurchase agreements.

This press release is neither an offer to sell nor a solicitation of an offer to buy shares of common stock. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement. When available, copies of the prospectus and prospectus supplement may be obtained from: UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171 (telephone number: 212-821-3000); Bear, Stearns & Co. Inc., 383 Madison Avenue, New York, NY 10179, Attention: Prospectus Department (telephone number: 631-274-8321); and/or Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department or by e-mailing prospectus (at) morganstanley (dot) com.

About MFA

MFA is a real estate investment trust (REIT) primarily engaged in the business of investment, on a leveraged basis, in a portfolio of high-quality hybrid and adjustable-rate mortgage-backed securities.

When used in this press release or other written or oral communications, statements which are not historical in nature, including those containing words such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend” and similar expressions, are intended to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA’s MBS; changes in the prepayment rates on the mortgage loans securing MFA’s MBS; MFA’s ability to use borrowings to finance its assets; changes in government regulations affecting MFA’s business; MFA’s ability to maintain its qualification as a REIT for federal income tax purposes; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. These and other risks, uncertainties and factors, including those described in reports that MFA files from time to time with the SEC, could cause MFA’s actual results to differ materially from those projected in any forward-looking statements it makes. All forward-looking statements speak only as of the date they are made and MFA does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

CONTACT: MFA Investor Relations

SOURCE MFA Mortgage Investments, Inc.

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