Annaly Capital Management, Inc. Announces Redemption of All Outstanding Shares of 7.625% Series E Cumulative Redeemable Prefe...
January 09 2018 - 9:00AM
Business Wire
Annaly Capital Management, Inc. (NYSE:NLY), a Maryland
corporation (“Annaly” or the “Company”) today provided notice to
the record holders (the “Series E Notice of Redemption”) of the
Company’s 7.625% Series E Cumulative Redeemable Preferred Stock
(the “Series E Preferred Stock”) of the redemption of all
11,500,000 of the issued and outstanding shares of Series E
Preferred Stock. The cash redemption amount (the “Series E
Redemption Amount”) for each share of Series E Preferred Stock is
$25.00 plus accrued and unpaid dividends to, but not including, the
redemption date of February 8, 2018 (the “Redemption Date”).
Additionally, the Company today provided notice to the record
holders (the “Series C Notice of Redemption” and, together with the
Series E Notice of Redemption, the “Redemption Notices”) of the
Company’s 7.625% Series C Cumulative Redeemable Preferred Stock
(the “Series C Preferred Stock”) of the redemption of 5,000,000 of
the issued and outstanding shares of Series C Preferred Stock. The
shares of Series C Preferred Stock will be redeemed pro rata from
the holders of record of such shares in proportion to the number of
shares of Series C Preferred Stock held by such holders. The cash
redemption amount (the “Series C Redemption Amount”) for each share
of Series C Preferred Stock is $25.00 plus accrued and unpaid
dividends to, but not including, the Redemption Date.
On the Redemption Date, dividends on the Series E Preferred
Stock and the redeemed shares of Series C Preferred Stock will
cease to accrue and all rights relating to the Series E Preferred
Stock and the redeemed shares of Series C Preferred Stock will
terminate, except the right to receive the Series E Redemption
Amount and Series C Redemption Amount, respectively. Payment of
both the Series E Redemption Amount and Series C Redemption Amount
will be made only upon delivery and surrender of the Series E
Preferred Stock and the Series C Preferred Stock, respectively, to
Computershare Shareowner Services LLC, the Company’s redemption and
paying agent, during its normal business hours at the address
specified in the Redemption Notices.
The Redemption Notices and related materials were mailed today
to holders of record of the Series E Preferred Stock and Series C
Preferred Stock. Questions relating to the Redemption Notices and
related materials should be directed to Computershare Shareowner
Services LLC at 1-800-546-5141.
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 through capital preservation, 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.
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. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180109006031/en/
Annaly Capital Management, Inc.Investor
Relations1-888-8Annalyinvestor@annaly.com
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Apr 2023 to Apr 2024