MFA Prices Stock Offering

Published January 17, 2008, 2:00 p.m. EST

1 Min Read

MFA Mortgage Investments Inc., New York, has announced the pricing of 25 million shares of MFA stock at $9.25 per share. Net proceeds are expected to total approximately $220 million. The company said it has granted the underwriters an option to buy up to 3.75 million additional shares to cover any overallotments. UBS Investment Bank, Bear Stearns & Co., Deutsche Bank Securities, and Morgan Stanley are the joint book-running managers of the offering. MFA, a real estate investment trust that invests in hybrid and adjustable-rate mortgage-backed securities, can be found online at http://www.mfa-reit.com.

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