Annaly Capital Management, Inc. Announces Preferred Dividends
November 08 2016 - 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 fourth quarter of 2016 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 fourth quarter of 2016 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 fourth quarter of 2016 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 fourth quarter of 2016 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 December 30, 2016 to preferred shareholders of record as
of December 1, 2016.
General
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.
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; any potential business disruption
following the acquisition of Hatteras; our ability to consummate
any contemplated investment opportunities; changes in government
regulations affecting our business; our ability to maintain our
qualification as a REIT; 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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