Published on June 23, 2008
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MFA MORTGAGE
INVESTMENTS, INC. |
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350
Park Avenue
New
York, NY 10022
Telephone
(212) 207-6400
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PRESS
RELEASE
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FOR
IMMEDIATE RELEASE
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June
23, 2008
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NEW
YORK METRO
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CONTACT:
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MFA
Investor Relations
800-892-7547
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NYSE:
MFA
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MFA
Mortgage Investments, Inc. Announces
Senior
Management Appointments
MFA
Mortgage Investments, Inc. (NYSE: MFA) today announced that MFA’s Board of
Directors appointed William S. Gorin as MFA’s President and Chief Financial
Officer and Ronald A. Freydberg as MFA’s Chief Investment Officer and Executive
Vice President. Mr. Gorin, 49, had previously served as Executive
Vice President and Chief Financial Officer since 2001 and Mr. Freydberg, 47, had
served as Chief Portfolio Officer and Executive Vice President during the same
time period. In addition, MFA has recently added additional depth to
its investment management and finance expertise with the hiring of Craig L.
Knutson as Senior Vice President – Risk Management, Kathleen A. Hanrahan as
Senior Vice President – Accounting and Alvin Sarabanchong as Vice President –
Assistant Portfolio Manager.
Stewart
Zimmerman, MFA’s Chairman of the Board and Chief Executive Officer, said “These
appointments announced today are in recognition of Bill’s and Ron’s significant
contributions and achievements at MFA over the past ten years and reflect an
organizational transition and framework for MFA’s continued
success. Together, with all our employees, we will continue to work
to execute our business plan in order to promote MFA’s continued growth and
profitability as an investor in high quality mortgage-backed
securities.”
About
MFA
MFA is a real estate
investment trust (REIT) primarily engaged in the business of investment, on a
leveraged basis, in a portfolio of high-quality hybrid and adjustable-rate
mortgage-backed securities.
Additional
corporate information may be found at http://www.mfa-reit.com
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; changes in government regulations 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.