Attached files
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| 8-K - MFA FINANCIAL, INC. | v196897_8k.htm |
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MFA
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FINANCIAL,
INC.
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350
Park Avenue
New
York, New York 10022
(212)
207-6400
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PRESS
RELEASE
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FOR
IMMEDIATE RELEASE
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September
20, 2010
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NEW
YORK METRO
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CONTACT:
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MFA
Investor Relations
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NYSE: MFA
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800-892-7547 | |
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www.mfa-reit.com |
MFA
Financial, Inc.
Announces
Chief Financial Officer Appointment
MFA
Financial, Inc. (NYSE: MFA) today announced that Stephen D. Yarad was appointed
as MFA’s Chief Financial Officer. Mr. Yarad will begin his employment
with MFA on September 20, 2010, at which time he will replace William S. Gorin
as Chief Financial Officer. Mr. Gorin, who has served as MFA's Chief
Financial Officer since 2001 and as President since June 2008, will continue to
serve as President and will remain a director of the Company. Mr.
Yarad comes to MFA with almost 19 years in public accounting serving financial
services companies. Prior to joining MFA, Mr. Yarad was a
partner with KPMG LLP based in New York in the firm’s financial services audit
practice. Mr. Yarad is licensed as a Certified Public Accountant in
both New York and New Jersey.
MFA is a real estate
investment trust primarily engaged in the business of investment, on a leveraged
basis, in Agency and Non-Agency residential 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
“believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,”
“should,” “may” or 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. Statements regarding the following subjects, among others, may be
forward-looking: 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 borrow to finance its assets; implementation of or changes in
government regulations or programs affecting MFA’s business; MFA’s ability to
maintain its qualification as a REIT for federal income tax purposes; MFA’s
ability to maintain its exemption from registration under the Investment Company
Act of 1940; 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 the annual, quarterly
and current reports that MFA files 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 on
which they are made. New risks and uncertainties arise over time and it is not
possible to predict those events or how they may affect MFA. Except as required
by law, MFA is not obligated to, and does not intend to, update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.