Annaly Capital Management, Inc. Announces Redemption of 7.875% Series A Cumulative Redeemable Preferred Stock
July 26 2017 - 9:00AM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY), a Maryland
corporation, (“Annaly” or the “Company”) today provided notice to
the record holders (the “Notice of Redemption”) of the Company’s
7.875% Series A Cumulative Redeemable Preferred Stock (the “Series
A Preferred Stock”) of the redemption of all 7,412,500 of the
issued and outstanding shares of Series A Preferred Stock. The cash
redemption amount (the “Redemption Amount”) for each share of
Series A Preferred Stock is $25.00 plus accrued and unpaid
dividends to, and including, the redemption date of August 25, 2017
(the “Redemption Date”).
On the Redemption Date, dividends on the Series A Preferred
Stock will cease to accrue. Payment of the Redemption Amount will
be made only upon delivery and surrender of the Series A Preferred
Stock to Computershare Shareowner Services LLC, the Company’s
redemption and paying agent, during its normal business hours at
the address specified in the Notice of Redemption.
The Notice of Redemption and related materials were mailed today
to holders of record of the Series A Preferred Stock. Questions
relating to the Notice of Redemption and related materials should
be directed to Computershare Shareowner Services LLC at
1-800-546-5141.
About Annaly
Annaly is a leading diversified capital manager that invests in
and finances residential and commercial assets. Annaly’s principal
business objective is to generate net income for distribution to
its stockholders through capital preservation, prudent selection of
investments, and continuous management of its portfolio. Annaly has
elected to be taxed as a real estate investment trust, or REIT, for
federal income tax purposes. Annaly is externally managed by Annaly
Management Company LLC.
Forward-Looking Statements
This news release and our public documents to which we refer
contain or incorporate by reference certain forward-looking
statements which are based on various assumptions (some of which
are beyond our control) and may be identified by reference to a
future period or periods or by the use of forward-looking
terminology, such as “may,” “will,” “believe,” “expect,”
“anticipate,” “continue,” or similar terms or variations on those
terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due
to a variety of factors, including, but not limited to, changes in
interest rates; changes in the yield curve; changes in prepayment
rates; the availability of mortgage-backed securities and other
securities for purchase; the availability of financing and, if
available, the terms of any financings; changes in the market value
of our assets; changes in business conditions and the general
economy; our ability to grow our commercial business; our ability
to grow our residential mortgage credit business; credit risks
related to our investments in credit risk transfer securities,
residential mortgage-backed securities and related residential
mortgage credit assets, commercial real estate assets and corporate
debt; risks related to investments in mortgage servicing rights and
ownership of a servicer; our ability to consummate any contemplated
investment opportunities; changes in government regulations
affecting our business; our ability to maintain our qualification
as a REIT for U.S. federal income tax purposes; and our ability to
maintain our exemption from registration under the Investment
Company Act of 1940, as amended. For a discussion of the risks and
uncertainties which could cause actual results to differ from those
contained in the forward-looking statements, see “Risk Factors” in
our most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the
result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements, except as required by law.
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Annaly Capital Management, Inc.Investor
Relations1-888-8Annalyinvestor@annaly.com
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