Annaly Capital Management, Inc. Announces Preferred Dividends
May 09 2018 - 4:15PM
Business Wire
In accordance with the terms of Annaly’s 7.625% Series C
Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”),
the Board of Directors (the “Board”) of Annaly Capital Management,
Inc. (NYSE:NLY) (“Annaly”) has declared a Series C Preferred Stock
cash dividend for the second quarter of 2018 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 has declared a Series D Preferred Stock cash dividend for
the second quarter of 2018 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 2018 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 2018 of
$0.40625 per share of Series G Preferred Stock. Dividends for the
Series C Preferred Stock, Series D Preferred Stock, Series F
Preferred Stock and Series G Preferred Stock are payable on June
29, 2018 to preferred shareholders of record as of June 1,
2018.
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 preserve capital through 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. 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, 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 mortgage 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 and policy
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; and our ability to consummate the
proposed acquisition of MTGE Investment Corp. on a timely basis or
at all, and potential business disruption following such
acquisition. 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
Relations1-888-8Annalywww.annaly.com
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