|Plan Enrollment

plan enrollment

To enroll in MFA’s Discount Waiver, Direct Stock Purchase and Dividend Reinvestment Plan (the "Plan"), please refer to the appropriate section below.

Please be sure to review the Plan Prospectus for a detailed explanation of the terms and conditions of the Plan prior to enrolling.

Current MFA Stockholders

Stockholders of Record - If you are already a registered stockholder (meaning that your shares of MFA Common Stock are registered in your name on our stock transfer books), just complete the Enrollment Form and mail it to the Plan Administrator at the address provided on the Enrollment Form. If you are making an optional monthly cash investment under the Plan, please include your check or money order made payable to "Mellon Bank/MFA." You may also pay for optional monthly cash investments by wire transfer or electronic funds transfer.

Optional cash investments can be made monthly and, for current stockholders, are subject to a minimum purchase limit of $50 and a maximum purchase limit of $10,000. For optional cash investments in excess of the $10,000 monthly maximum purchase limit, please see the Waiver Program. Shares purchased under the Plan may be acquired at up to a 5% discount of the purchase price paid for such shares. Dividends paid on MFA Common Stock purchased under the Plan will be automatically reinvested in shares of MFA Common Stock, unless you specify otherwise.

Refer to the Calendar for Purchases for a schedule of the expected Cash Purchase Dates and Dividend Reinvestment Dates.

Beneficial Owner - If your MFA Common Stock is registered in a name other than your own (e.g., if they are held through a brokerage account or by a bank or other nominee), you must either:

have your shares re-registered in your own name(s) and then complete the Enrollment Form; or
request that your broker, bank or other nominee complete and sign the Enrollment Form and, in the case of optional monthly cash investments, have your broker, bank or other nominee contact the Plan Administrator for instructions on how to participate on your behalf.

The Plan is DTC eligible, which should facilitate enrollment and participation through your broker, bank or other nominee. However, should you encounter difficulties, contact the Plan Administrator at (866) 249-2610 for assistance.

New Investors

If you are making an initial cash investment of MFA Common Stock (i.e., you are a currently not a MFA stockholder), please complete the Enrollment Form and mail it with your check or money order made payable to "Mellon Bank/MFA" to the Plan Administrator at the address provided on the Enrollment Form. You may also make your initial cash investment by wire transfer or electronic funds transfer from a pre-designated bank account. Additionally, you may make monthly purchases by automatically withdrawing funds from your bank account by electronic funds transfer by contacting the Plan Administrator or by accessing the Plan Administrator’s website at www.melloninvestor.com and following the instructions therein.

Initial cash investments for new investors are subject to a minimum purchase limit of $1,000 and a maximum purchase limit of $10,000. For initial cash investments in excess of the $10,000 monthly maximum purchase limit, please see the Waiver Program. Shares purchased under the Plan may be acquired at up to a 5% discount of the purchase price paid for such shares. Dividends paid on MFA Common Stock purchased under the Plan will be automatically reinvested in shares of MFA Common Stock, unless you specify otherwise.

Refer to the Calendar for Purchases for a schedule of the expected Cash Purchase Dates and Dividend Reinvestment Dates.

Additional questions regarding enrollment in the Plan should be directed to the Plan Administrator:

Mellon Investor Services
P.O. Box 3338
South Hackensack, NJ 07606-1938
Telephone: 866-249-2610
Website: www.melloninvestor.com