UPDATE: MFA Financial (MFA) Reports Q1 Loss of $2.02; Announces $500M Capital Raise with Apollo (APO) and Athene Holdings (ATH)
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MFA Financial, Inc. Provides First Quarter 2020 Financial Results, Announces $500 million Capital Raise with Apollo and Athene and $1.65 billion Committed Term Borrowing Facility
June 16, 2020 8:30 AM EDTNEW YORK, June 16, 2020 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) today provided its financial results for the first quarter ended March 31, 2020, and announced it had reached agreements for additional financing through a third-party capital raise and a committed term borrowing facility.
First Quarter 2020 financial results update:
Unprecedented disruption in residential mortgage markets, due to concerns related to the COVID-19 pandemic, resulted in MFA generating a first quarter net loss of $914.2 million, or $2.02 per common share. As pricing dislocations in markets for... More