Annaly Capital Management, Inc. Announces Preferred Dividends
May 13 2020 - 4:15PM
Business Wire
In accordance with the terms of Annaly’s 7.50% Series D
Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”),
the Board has declared a Series D Preferred Stock cash dividend for
the second quarter of 2020 of $0.46875 per share of Series D
Preferred Stock.
In accordance with the terms of Annaly’s 6.95% Series F
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
(“Series F Preferred Stock”), the Board has declared a Series F
Preferred Stock cash dividend for the second quarter of 2020 of
$0.434375 per share of Series F Preferred Stock.
In accordance with the terms of Annaly’s 6.50% Series G
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
(“Series G Preferred Stock”), the Board has declared a Series G
Preferred Stock cash dividend for the second quarter of 2020 of
$0.40625 per share of Series G Preferred Stock.
In accordance with the terms of Annaly’s 6.75% Series I
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
(“Series I Preferred Stock”), the Board has declared a Series I
Preferred Stock cash dividend for the second quarter of 2020 of
$0.421875 per share of Series I Preferred Stock.
Dividends for the Series D Preferred Stock, Series F Preferred
Stock, Series G Preferred Stock, and Series I Preferred Stock are
payable on June 30, 2020 to preferred shareholders of record as of
June 1, 2020.
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 and to optimize its returns through prudent
management of its diversified investment strategies. Annaly has
elected to be taxed as a real estate investment trust, or REIT, for
federal income tax purposes. Until the closing of its announced
internalization transaction, Annaly is externally managed by Annaly
Management Company LLC. Additional information on the company can
be found at www.annaly.com.
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, risks and
uncertainties related to the COVID-19 pandemic, including as
related to adverse economic conditions on real estate-related
assets and financing conditions; 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
financing; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow
our commercial real estate business; our ability to grow our
residential credit business; our ability to grow our middle market
lending 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; our ability to consummate any
contemplated investment opportunities; changes in government
regulations or policy affecting our business; our ability to
maintain our qualification as a REIT for U.S. federal income tax
purposes; our ability to maintain our exemption from registration
under the Investment Company Act of 1940, as amended; and risks and
uncertainties associated with the Internalization, including but
not limited to the occurrence of any event, change or other
circumstances that could give rise to the termination of the
Internalization Agreement; the outcome of any legal proceedings
that may be instituted against the parties to the Internalization
Agreement; the inability to complete the Internalization due to the
failure to satisfy closing conditions or otherwise; risks that the
Internalization disrupts our current plans and operations; the
impact, if any, of the announcement or pendency of the
Internalization on our relationships with third parties; and the
amount of the costs, fees, expenses charges related to the
Internalization; and the risk that the expected benefits, including
long-term cost savings, of the Internalization are not achieved.
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 Relations 1-888-8Annaly
investor@annaly.com
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