Form: 424B5

Prospectus [Rule 424(b)(5)]

August 15, 2025

S-3 424B5 EX-FILING FEES 333-289614 0001055160 MFA FINANCIAL, INC. N/A N/A 0001055160 2025-08-15 2025-08-15 0001055160 1 2025-08-15 2025-08-15 iso4217:USD xbrli:pure xbrli:shares

Calculation of Filing Fee Tables

S-3

MFA FINANCIAL, INC.

Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities
Fees to be Paid
Fees Previously Paid
Carry Forward Securities
Carry Forward Securities 1 Equity Common Stock 415(a)(6) $ 300,000,000.00 S-3 333-267632 09/27/2022 $ 44,280.00

Total Offering Amounts:

$ 300,000,000.00

$ 0.00

Total Fees Previously Paid:

$ 0.00

Total Fee Offsets:

$ 0.00

Net Fee Due:

$ 0.00

Offering Note

1

Securities being offered under this prospectus supplement include unsold securities previously registered on the prospectus supplement filed pursuant to Rule 424(b)(5) on February 29, 2024, or the Prior Prospectus Supplement, and an accompanying base prospectus dated September 27, 2022, pursuant to a Registration Statement on Form S-3 (File No. 333-267632) filed with the Securities and Exchange Commission, or the SEC, on September 27, 2022, or the Current Shelf Registration Statement. As of the date hereof, the registrant has not sold $300,000,000 of the securities registered pursuant to the Prior Prospectus Supplement, or the Unsold Securities. In accordance with Rule 415(a)(6) under the Securities Act, $300,000,000 aggregate amount of Unsold Securities are included in this prospectus supplement. Pursuant to Rule 415(a)(6), this "Calculation of Registration Fee" table shall be deemed to update the "Calculation of Registration Fee" table in the Current Shelf Registration Statement to continue the offering of Unsold Securities initially registered under the Prior Prospectus Supplement.

Table 2: Fee Offset Claims and Sources ☑Not Applicable
Registrant or Filer Name Form or Filing Type File Number Initial Filing Date Filing Date Fee Offset Claimed Security Type Associated with Fee Offset Claimed Security Title Associated with Fee Offset Claimed Unsold Securities Associated with Fee Offset Claimed Unsold Aggregate Offering Amount Associated with Fee Offset Claimed Fee Paid with Fee Offset Source
Rules 457(b) and 0-11(a)(2)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Rule 457(p)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Table 3: Combined Prospectuses ☑Not Applicable

Security Type

Security Class Title

Amount of Securities Previously Registered

Maximum Aggregate Offering Price of Securities Previously Registered

Form Type

File Number

Initial Effective Date

N/A N/A N/A N/A N/A N/A N/A N/A
Narrative Disclosure
The maximum aggregate offering price of the securities to which the prospectus relates is $300,000,000.00. The prospectus is a final prospectus for the related offering.