d1069624_13g-a.htm


 
OMB APPROVAL
OMB Number:    3235-0287
Expires:   February 28, 2011
Estimated average burden
hours per response………11
   
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
 
 
MFA Financial, Inc
(Name of Issuer)
 
 
Common Stock, $0.01 par value per share
(Title of Class of Securities)
 
 
55272X102
(CUSIP Number)
 
 
December 31, 2009
(Date of Event Which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[_]  Rule 13d-1(b)
 
[X]  Rule 13d-1(c)
 
[_]  Rule 13d-1(d)
 
__________
*      The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 
 

 

 
CUSIP No.
55272X102
   
     
1.
NAME OF REPORTING PERSONS
 
     
 
Wesley Capital Management, LLC
 
     
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
52-2280947
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)  [_]
   
(b)  [_]
3.
SEC USE ONLY
 
     
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
6,585,400
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
6,585,400
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
6,585,400
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
2.3%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
     
 
OO
 

 
 

 

 
CUSIP No.
55272X102
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Arthur Wrubel
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)  [_]
   
(b)  [_]
3.
SEC USE ONLY
 
     
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
6,585,400
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
6,585,400
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
6,585,400
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
2.3%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
     
 
IN
 

 
 

 

 
CUSIP No.
55272X102
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
John Khoury
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)  [_]
   
(b)  [_]
3.
SEC USE ONLY
 
     
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Canada
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
6,585,400
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
6,585,400
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
6,585,400
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
2.3%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
     
 
IN
 

 
 

 

 
CUSIP No.
55272X102
   
 
Item 1.
(a).
Name of Issuer:
 
       
   
MFA Financial, Inc
 
 
 
(b).
Address of issuer's principal executive offices:
 
       
   
350 Park Avenue, 21st Floor, New York, New York  10022
 
 
 
Item 2.
(a).
Name of person filing:
 
       
   
This Schedule 13G is being jointly filed by Wesley Capital Management, LLC (the "Management Company"), Mr. Arthur Wrubel and Mr. John Khoury.  The shares of Common Stock of the Issuer are being held in the account of four private investment funds and one managed account (collectively, the "Funds").  The Management Company serves as investment manager or advisor of the Funds.
 
Mr. Wrubel, Mr. Khoury and the Management Company are referred to in this Schedule 13G as the "Reporting Persons."
 
The Reporting Persons have entered into a Joint Filing Agreement, dated February 16, 2010, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) of the Act.
 
 
 
(b).
Address or principal business office or, if none, residence:
 
       
   
The address of the principal business office of each Reporting Person is
717 5th Avenue, 14th Floor, New York, NY 10022.
 
 
 
(c).
Citizenship:
 
       
   
The Management Company is organized as a limited liability company under the laws of the State of Delaware.  Mr. Wrubel is a United States citizen.  Mr. Khoury is a Canadian citizen.
 
 
 
(d).
Title of class of securities:
 
       
   
Common Stock, $0.01 par value per share
 
 
 
(e).
CUSIP No.:
 
       
   
55272X102
 
 
 
Item 3.
 
If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
 
 
(a)
[_]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
 
(b)
[_]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 
 

 

 
 
 
(c)
[_]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
(d)
[_]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
[_]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
 
 
(f)
[_]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
 
 
(g)
[_]
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
 
(h)
[_]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
 
 
(i)
[_]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
 
(j)
[_]
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
 
(k)
[_]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
   
Not applicable.
 
 
Item 4.
Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
A.
Wesley Capital Management, LLC
     
 
(a)
Amount beneficially owned:  6,585,400
     
 
(b)
Percent of class:  2.3%
     
 
(c)
Number of shares as to which the person has:
     
   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
6,585,400
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
6,585,400
.
         
 
 
B.
Arthur Wrubel
     
 
(a)
Amount beneficially owned:  6,585,400
     

 
 

 

 
 
 
(b)
Percent of class:  2.3%
     
 
(c)
Number of shares as to which the person has:
     
   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
6,585,400
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
6,585,400
.
         
 
 
C.
John Khoury
     
 
(a)
Amount beneficially owned:6,585,400
     
 
(b)
Percent of class: 2.3%
     
 
(c)
Number of shares as to which the person has:
     
   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
6,585,400
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
6,585,400
.
         
 
 
Instruction:  For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1)..
   
   
Item 5.
Ownership of Five Percent or Less of a Class.
 
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
 
 
Instruction:  Dissolution of a group requires a response to this item.
   
 
This Final Amendment reflects that as of December 31, 2009, each Reporting Person owned less than 5% of the Common Shares of the Issuer.
 
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.
 
 
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
 
 
Not applicable.

 
 

 

 
 
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
 
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
 
 
Not applicable.
 
 
Item 8.
Identification and Classification of Members of the Group.
 
 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
 
Not applicable.
   
 
 
Item 9.
Notice of Dissolution of Group.
 
 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
 
 
Not applicable.
   
 
 
Item 10.
Certification.
 
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 

 
 

 

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 
February 16, 2010
 
(Date)
 
 
Wesley Capital Management, LLC*
   
   
 
By:
  /s/ Arthur Wrubel  
   
Name:  Arthur Wrubel
   
Title:  Managing Member
   
   
 
By:
  /s/ John Khoury  
   
Name:  John Khoury
   
Title:  Managing Member
 
 
   
 
By:
  /s/ Arthur Wrubel  
   
Arthur Wrubel, individually
     
   
   
 
By:
  /s/ John Khoury  
   
John Khoury, individually
 
 
*  The Reporting Person disclaims beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.
 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
 
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 

 
 

 

Exhibit A
 
 
AGREEMENT
 
 
The undersigned agree that this Amendment No. 2 to Schedule 13G/A dated February 16, 2010 relating to the Common Stock of MFA Financial, Inc. shall be filed on behalf of the undersigned.
 
 
 
 
Wesley Capital Management, LLC*
   
   
 
By:
  /s/ Arthur Wrubel  
   
Name:  Arthur Wrubel
   
Title:  Managing Member
   
   
 
By:
  /s/ John Khoury  
   
Name:  John Khoury
   
Title:  Managing Member
 
 
   
 
By:
  /s/ Arthur Wrubel  
   
Arthur Wrubel, individually
     
   
   
 
By:
  /s/ John Khoury  
   
John Khoury, individually
 
 
 
 
 
 
SK 22283 0001 1069624