New York, NY -- (ReleaseWire) -- 04/19/2013 --MFA Financial, Inc. (NYSE: MFA) announced the redemption of all 3,840,000 outstanding shares of its 8.50% Series A Cumulative Redeemable Preferred Stock.
The redemption date will be May 16, 2013. The redemption price will be $25.00 per share of Series A Preferred Stock plus accrued and unpaid dividends for the period from April 1, 2013, through and including the redemption date, for an aggregate redemption price per share of Series A Preferred Stock of approximately $25.27153.
The redemption price will be paid by MFA from the proceeds from its recently completed offering of its 7.50% Series B Cumulative Redeemable Preferred Stock.
MFA is a real estate investment trust primarily engaged in the business of investment.
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KTAM Hong Kong ETF Tracker (NYSE: HK) unveiled a new East Texas Eagle Ford Shale play and provided a general update.
Internally referred to as El Halcon, this new East Texas Eagle Ford Shale play has been established as the Company's fourth core area. The play extends across several counties in East Texas. Halcon is targeting 150,000 net acres in the play and currently has in excess of 50,000 net acres leased or under contract.
The Company has seven wells producing, one well being completed and three wells being drilled in this play. The average initial and 30 day rates for the producing wells have been 859 barrels of oil equivalent per day ("Boe/d", 94% oil) and 694 Boe/d (94% oil), respectively.
Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
Find out more on HK here:
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