Annaly Capital Management, Inc. Announces Preferred Dividends
August 11 2014 - 4:05PM
Business Wire
In accordance with the terms of the 7.875% Series A Cumulative
Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly
Capital Management, Inc. (NYSE:NLY) (“Annaly”), the Board of
Directors of Annaly has declared a Series A Preferred Stock cash
dividend for the third quarter 2014 of $0.492188 per share of
Series A Preferred Stock. This dividend is payable on September 30,
2014, to Series A Preferred Stock shareholders of record as of
September 2, 2014.
In accordance with the terms of Annaly’s 7.625% Series C
Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”),
the Board of Directors of Annaly has declared a Series C Preferred
Stock cash dividend for the third quarter 2014 of $0.476563 per
share of Series C Preferred Stock. This dividend is payable on
September 30, 2014 to Series C Preferred Stock shareholders of
record as of September 2, 2014.
In accordance with the terms of Annaly’s 7.50% Series D
Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”),
the Board of Directors of Annaly has declared a Series D Preferred
Stock cash dividend for the third quarter 2014 of $0.46875 per
share of Series D Preferred Stock. This dividend is payable on
September 30, 2014 to Series D Preferred Stock shareholders of
record as of September 2, 2014.
Annaly’s principal business objective is to generate net income
for distribution to its shareholders from its investments. Annaly
is a Maryland corporation that has elected to be taxed as a real
estate investment trust (“REIT”). Annaly is managed and advised by
Annaly Management Company LLC.
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 the commercial mortgage business;
credit risks related to our investments in commercial real estate
assets and corporate debt; 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 federal income tax purposes; our
ability to maintain our exemption from registration under the
Investment Company Act of 1940, as amended; risks associated with
the businesses of our subsidiaries, including the investment
advisory business of a wholly-owned subsidiary and the
broker-dealer business of a wholly-owned subsidiary. 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.
Annaly Capital Management, Inc.Investor Relations1- (888)
8Annalywww.annaly.com
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