Annaly Capital Management, Inc. Announces Preferred Dividends
May 10 2017 - 4:15PM
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 second quarter of 2017 of $0.492188 per share of
Series A Preferred Stock.
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 second quarter of 2017 of $0.476563 per
share of Series C Preferred Stock.
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 second quarter of 2017 of $0.46875 per
share of Series D Preferred Stock.
In accordance with the terms of Annaly’s 7.625% Series E
Cumulative Redeemable Preferred Stock (“Series E Preferred Stock”),
the Board of Directors of Annaly has declared a Series E Preferred
Stock cash dividend for the second quarter of 2017 of $0.476563 per
share of Series E Preferred Stock.
Dividends for the Series A Preferred Stock, Series C Preferred
Stock, Series D Preferred Stock and Series E Preferred Stock are
payable on June 30, 2017 to preferred shareholders of record as of
June 1, 2017.
General
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 preserve capital through the prudent
selection of investments and continued 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. Additional information is
available 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, 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
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