Published on December 29, 2008
Exhibit
99.1
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MFA
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| MORTGAGE INVESTMENTS, INC. | ||
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350
Park Avenue
New
York, New York 10022
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PRESS
RELEASE
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FOR
IMMEDIATE RELEASE
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December
29, 2008
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NEW
YORK METRO
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CONTACT:
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MFA
Investor Relations
800-892-7547
www.mfa-reit.com
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NYSE:
MFA
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MFA
Mortgage Investments, Inc.
Changes
Name to MFA Financial, Inc.
MFA
Mortgage Investments, Inc. (NYSE:MFA) announced today that, effective January 1,
2009, it will officially change its name to MFA Financial, Inc. The
Company’s common stock and 8.50% Series A Cumulative Redeemable preferred stock
will continue to trade on the New York Stock Exchange under the symbols “MFA”
and “MFA PrA,” respectively.
MFA’s
primary focus is high quality, higher coupon hybrid and adjustable-rate MBS
assets. At September 30, 2008, approximately 99% of MFA’s assets
consisted of MBS issued or guaranteed by an agency of the U.S. government or a
federally chartered corporation, other MBS rated “AAA” by Standard & Poor’s
Corporation, MBS-related receivables and cash.
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.