MFA Mortgage Investments Inc., New York, has announced the pricing of 5.0 million shares of MFA stock at $9.80 per share.Net proceeds are expected to total approximately $46.6 million. The company said it has granted the underwriters a 30-day option to buy up to 750,000 additional shares to cover any overallotments. Friedman Billings Ramsey & Co. was the lead underwriter, and the co-managers were RBC Capital Markets and Flagstone Securities LLC. MFA, a real estate investment trust that invests in adjustable-rate and hybrid mortgage-backed securities, can be found online at http://www.mfa-reit.com.
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