Annaly Capital Management, Inc. Announces Preferred Dividends
May 10 2016 - 4:43PM
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 2016 of $0.492188 per share of
Series A Preferred Stock. This dividend is payable on June 30,
2016, to Series A Preferred Stock shareholders of record as of June
1, 2016.
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 2016 of $0.476563 per
share of Series C Preferred Stock. This dividend is payable on June
30, 2016 to Series C Preferred Stock shareholders of record as of
June 1, 2016.
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 2016 of $0.46875 per
share of Series D Preferred Stock. This dividend is payable on June
30, 2016 to Series D Preferred Stock shareholders of record as of
June 1, 2016.
Annaly’s principal business objectives are to generate net
income for distribution to its shareholders from its investments
and capital preservation. 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 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; 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; and our ability to consummate the proposed acquisition of
Hatteras Financial 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
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