Annaly Capital Management, Inc. Announces Preferred Dividends

Rhea-AI Summary

Annaly Capital Management has declared cash dividends for its preferred stock for the third quarter of 2022. The dividends include $0.434375 per share for the Series F Preferred Stock, $0.40625 per share for Series G Preferred Stock, and $0.421875 per share for Series I Preferred Stock. These payments are scheduled for September 30, 2022, to shareholders on record as of September 1, 2022. Annaly aims to generate net income for stockholders through diverse investment strategies in mortgage finance.

Positive

• Dividends declared: $0.434375 (Series F), $0.40625 (Series G), $0.421875 (Series I) enhance shareholder income.
• Scheduled dividend payment enhances investor confidence.

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 third 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 third 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 third 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 September 30, 2022 to preferred shareholders of record as of September 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,” “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, 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; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities, and related residential mortgage credit assets; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005702/en/

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc.

FAQ

What are the dividend amounts for Annaly's preferred stocks in Q3 2022?

For Q3 2022, the dividend amounts are $0.434375 for Series F, $0.40625 for Series G, and $0.421875 for Series I.

When will Annaly's preferred stock dividends be paid?

The dividends will be paid on September 30, 2022.

What is the record date for Annaly's preferred stock dividends?

The record date for the dividends is September 1, 2022.

How does Annaly generate income for shareholders?

Annaly generates income through diversified investment strategies in mortgage finance and is structured as a REIT.