MFA Mortgage Investments, Inc. Announces Second Quarter 2008 Preferred Dividend of $0.53125

NEW YORK, May 22 /PRNewswire-FirstCall/ -- Master of Fine Arts Mortgage Investments,
Inc. (NYSE: ) -- Inch conformity with the footing of MFA's 8.50% Series A
Cumulative Redeemable Preferred Stock, the Board of Directors have declared
a preferable stock dividend of $0.53125 per share for the one-fourth ended June
30, 2008. This dividend is collectible on June 30, 2008 to preferred
stockholders of record as of June 2, 2008. Master of Fine Arts is a existent estate investing trust primarily engaged in the business
of investment, on a leveraged basis, in a portfolio of high-quality hybrid
and adjustable-rate mortgage-backed securities. When used in this fourth estate release or other written or oral
communications, statements which are not historical in nature, including
those containing words such as as as "believe," "expect," "anticipate,"
"estimate," "plan," "continue," "intend," "should," "may" or similar
expressions, are intended to place "forward-looking statements" within
the significance 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 affect known and unknown risks, uncertainnesses and assumptions. Statements regarding the followers subjects, among others, may be
forward-looking: alterations in involvement rates and the marketplace value of MFA's
MBS; alterations in the prepayment rates on the mortgage loans securing MFA's
MBS; MFA's ability to borrow to finance its assets; alterations in government
regulations affecting MFA's business; MFA's ability to keep its
qualification as a Real Estate Investing Trust for federal income taxation purposes; MFA's ability to
maintain its freedom from enrollment under the Investment Company Act
of 1940; and hazards associated with investment in existent estate assets,
including changes in concern statuses and the general economy. These and
other risks, uncertainnesses and factors, including those described in the
annual, quarterly and current studies that Master of Fine Arts data files with the SEC, could
cause MFA's existent consequences to differ materially from those proposed in any
forward-looking statements it makes. All forward-looking statements speak
only as of the day of the month on which they are made. New hazards and uncertainties
arise over clip and it is not possible to foretell those events or how they
may impact MFA. Except as needed by law, Master of Fine Arts is not obligated to, and
does not mean to, update or revize any forward-looking statements,
whether as a consequence of new information, future events or otherwise. CONTACT: Master of Fine Arts Investor Relations 800-892-7547