MFA Financial, Inc. (NYSE:MFA) Q1 2024 Earnings Call Transcript

Craig Knutson: Sure. So, look, our ATM program, I think, expired almost a year and a half ago. So, our recent refresh of the ATM program was simply that. We don’t really feel that we’re capital constrained, and we’ve recently demonstrated the ability to raise money through an unsecured bond at much more favorable terms for shareholders than issuing common stock at a substantial discount to book. I’ll also point out that we simultaneously refreshed our share repurchase authorization, and I would characterize both actions, Bryan as administrative in nature.

Brian Violino: Got it. Okay. Thank you very much.

Craig Knutson: Thank you.

Operator: At this time, we have no additional questions in queue.

Craig Knutson: All right, well, thank you everyone for your interest in MFA Financial, and we look forward to speaking with you again in August when we announce second quarter results.

Operator: Ladies and gentlemen, this conference will be available for replay from 12:40 Eastern Time today, and through August the 6th at midnight of this year. You may access the replay by dialing 866-207-1041, and entering the access code of 9944-909. International participants would dial 402-970-0847. Once again, those numbers for replay are 866-207-1041 for domestic, and 402-970-0847 for international, and the access code to use is 9944-909. That does include your conference call for today. We do thank you for your participation, and thank you for using AT&T Event Conferencing. You may now disconnect.