Annaly Capital Management, Inc. Announces Preferred Dividends
August 07 2024 - 4:15PM
Business Wire
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 third quarter of 2024 of
$0.661636 per share of Series F Preferred Stock, which reflects a
rate of 10.58617%, equal to three-month CME Term SOFR (plus a
spread adjustment of 0.26161%) on the Dividend Determination date
plus a spread of 4.993%.
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 third quarter of 2024 of
$0.623886 per share of Series G Preferred Stock, which reflects a
rate of 9.76517%, equal to three-month CME Term SOFR (plus a spread
adjustment of 0.26161%) on the Dividend Determination date plus a
spread of 4.172%.
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 third quarter of 2024 of
$0.676083 per share of Series I Preferred Stock, which reflects a
rate of 10.58217%, equal to three-month CME Term SOFR (plus a
spread adjustment of 0.26161%) on the Dividend Determination date
plus a spread of 4.989%.
Dividends for the Series F Preferred Stock, Series G Preferred
Stock, and Series I Preferred Stock are payable on September 30,
2024 to preferred shareholders of record as of September 2,
2024.
About Annaly
Annaly is a leading diversified capital manager with investment
strategies across mortgage finance. 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 is internally
managed and has elected to be taxed as a real estate investment
trust, or REIT, for federal income tax purposes. 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,” “should,” “estimate,”
“project,” “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
financing; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow
our residential credit business; our ability to grow our mortgage
servicing rights business; credit risks related to our investments
in credit risk transfer securities and residential mortgage-backed
securities and related residential mortgage credit assets; risks
related to investments in mortgage servicing rights; the 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; and
operational risks or risk management failures by us or critical
third parties, including cybersecurity incidents. 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. The Company does not
undertake, and specifically disclaims 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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