Annaly Capital Management, Inc. Announces Public Offering of Common Stock
May 16 2022 - 4:05PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or
“Annaly”) today announced that it intends to make a public offering
of 100,000,000 shares of its common stock.
In connection with the offering, Annaly intends to grant the
underwriters a thirty-day option to purchase up to an additional
15,000,000 shares of common stock.
Annaly intends to use the net proceeds of this offering to
acquire targeted assets under the Company’s capital allocation
policy, which may include further diversification of its
investments in Agency assets as well as residential credit assets.
These investments include, without limitation, Agency MBS pools,
to-be-announced forward contracts, mortgage servicing rights and
residential credit assets (including residential mortgage loans).
Annaly also intends to use the net proceeds for general corporate
purposes, including, without limitation, to pay down obligations
and other working capital items.
Goldman Sachs & Co. LLC, Barclays, BofA Securities, J.P.
Morgan, RBC Capital Markets, UBS Investment Bank and Wells Fargo
Securities are acting as joint book-running managers and Loop
Capital Markets and Roberts & Ryan are acting as co-managers
for the offering.
The offering is being conducted pursuant to the Company’s
currently effective shelf registration statement, which was
previously filed with the Securities and Exchange Commission (the
“SEC”). A preliminary prospectus supplement related to the offering
and the accompanying prospectus can be obtained from the SEC.
Before you invest in the offering, you should read the prospectus
supplement and the accompanying prospectus and other documents
Annaly has filed with the SEC for more complete information about
Annaly and the offering. You may obtain these documents for free by
visiting EDGAR on the SEC website at http://www.sec.gov.
Alternatively, copies of these documents may be obtained by
contacting:
Goldman Sachs & Co. LLC Attention: Prospectus Department 200
West Street New York, NY 10282 Telephone: (866) 471-2526 Or by
email: prospectus-ny@ny.email.gs.com
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Annaly
Annaly is a leading diversified capital manager with investment
strategies across mortgage finance. Annaly’s principal business
objective is to generate net income for distribution to its
stockholders and to optimize its returns through prudent management
of its diversified investment strategies. Annaly is internally
managed and has elected to be taxed as a real estate investment
trust, or REIT, for federal income tax purposes.
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, risks and
uncertainties related to the COVID-19 pandemic, including as
related to adverse economic conditions on real estate-related
assets and financing conditions (and our outlook for our business
in light of these conditions, which is uncertain); 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; operational risks or risk management failures by us or
critical third parties, including cybersecurity incidents; our
ability to grow our residential credit business; the sale of 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 and corporate debt; risks related to investments in mortgage
servicing rights; our ability to consummate any contemplated
investment opportunities; changes in government regulations or
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. 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. The Company does not undertake, and
specifically disclaims 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 Investor Contact
Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly
investor@annaly.com
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