Annaly Capital Management, Inc. Announces Preferred Dividends

Rhea-AI Summary

Annaly Capital Management has announced preferred stock dividend declarations for the first quarter of 2025. The company declared dividends for three series of preferred stock:

- Series F Preferred Stock: $0.598962 per share at 9.58339% rate
- Series G Preferred Stock: $0.547649 per share at 8.76239% rate
- Series I Preferred Stock: $0.598712 per share at 9.57939% rate

All dividends are payable on March 31, 2025, to shareholders of record as of March 3, 2025. The rates are calculated based on three-month CME Term SOFR plus specific spread adjustments and additional spreads for each series.

Positive

• High dividend yields ranging from 8.76% to 9.58% across preferred stock series
• Consistent dividend payments maintained across all preferred stock series

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- 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 first quarter of 2025 of $0.598962 per share of Series F Preferred Stock, which reflects a rate of 9.58339%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%.

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 first quarter of 2025 of $0.547649 per share of Series G Preferred Stock, which reflects a rate of 8.76239%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.172%.

In accordance with the terms of Annaly’s 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series I Preferred Stock”), the Board has declared a Series I Preferred Stock cash dividend for the first quarter of 2025 of $0.598712 per share of Series I Preferred Stock, which reflects a rate of 9.57939%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.989%.

Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on March 31, 2025 to preferred shareholders of record as of March 3, 2025.

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. 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,” “should,” “estimate,” “project,” “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 residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the 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; our ability to maintain our exemption from registration under the Investment Company Act of 1940; and operational risks or risk management failures by us or critical third parties, including cybersecurity incidents. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250212342087/en/

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc.

FAQ

What are the dividend rates for NLY preferred stocks in Q1 2025?

NLY's preferred stock dividend rates for Q1 2025 are: Series F at 9.58339%, Series G at 8.76239%, and Series I at 9.57939%.

When is the payment date for NLY's Q1 2025 preferred dividends?

The payment date for NLY's Q1 2025 preferred dividends is March 31, 2025.

What is the record date for NLY's Q1 2025 preferred dividends?

The record date for NLY's Q1 2025 preferred dividends is March 3, 2025.

How much is NLY's Series F preferred stock dividend for Q1 2025?

NLY's Series F preferred stock dividend for Q1 2025 is $0.598962 per share.

How are NLY's preferred stock dividend rates calculated?

NLY's preferred stock dividend rates are calculated using three-month CME Term SOFR plus a spread adjustment of 0.26161% and additional series-specific spreads.