Annaly Capital Management, Inc. Announces Preferred Dividends

Rhea-AI Summary

Annaly Capital Management has declared cash dividends for its preferred stock for Q2 2022. The Series F Preferred Stock will pay a dividend of $0.434375 per share, the Series G Preferred Stock $0.40625 per share, and the Series I Preferred Stock $0.421875 per share. These dividends are payable on June 30, 2022 to shareholders of record as of June 1, 2022. Annaly operates as a diversified capital manager focusing on mortgage finance, aiming to generate net income for shareholders.

Positive

• Declared cash dividends for Series F, G, and I preferred stocks totaling $0.434375, $0.40625, and $0.421875 respectively, enhancing shareholder income.
• Dividends reflect strong management confidence and commitment to delivering returns.

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 second quarter of 2022 of $0.434375 per share of Series F Preferred Stock.

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 second quarter of 2022 of $0.40625 per share of Series G Preferred Stock.

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 second quarter of 2022 of $0.421875 per share of Series I Preferred Stock.

Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on June 30, 2022 to preferred shareholders of record as of June 1, 2022.

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,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Such statements include those relating to the Company’s future performance, macro outlook, the interest rate and credit environments, tax reform and future opportunities. 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; changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities (“MBS”) and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of the Company’s assets; changes in business conditions and the general economy; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; the Company’s ability to grow its residential credit business; the sale of our middle market lending business; credit risks related to the Company’s 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; the Company’s ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting the Company’s business; the Company’s ability to maintain its qualification as a REIT for U.S. federal income tax purposes; and the Company’s ability to maintain its exemption from registration under the Investment Company Act of 1940. 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/20220511006066/en/

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc.

FAQ

What is the dividend amount for Annaly Capital Management's Series F preferred stock?

The dividend amount for Series F preferred stock is $0.434375 per share.

When will Annaly Capital Management's preferred stock dividends be paid?

The preferred stock dividends will be paid on June 30, 2022.

What are the record dates for the preferred stock dividends from Annaly?

The record date for the preferred stock dividends is June 1, 2022.

What is the dividend amount for Series G and Series I preferred stock?

The dividend for Series G is $0.40625 per share and for Series I is $0.421875 per share.