Annaly Capital Management, Inc. Announces Preferred Dividends

Rhea-AI Summary

Annaly has declared cash dividends for its preferred stock series for Q2 2021. Shareholders will receive $0.434375 per share for Series F, $0.40625 for Series G, and $0.421875 for Series I. The dividends are payable on June 30, 2021, to shareholders of record as of June 1, 2021. Annaly is a diversified capital manager primarily focused on optimizing returns through investments in residential and commercial assets, structured as a real estate investment trust (REIT).

Positive

• Declared cash dividends enhance shareholder income.
• Series F dividend of $0.434375 per share.
• Series G dividend of $0.40625 per share.
• Series I dividend of $0.421875 per share.

Negative

• None.

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 2021 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 2021 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 2021 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, 2021 to preferred shareholders of record as of June 1, 2021.

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 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. 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 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 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 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; and the timing and ultimate completion of the sale of our commercial real estate business. 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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FAQ

What are the dividend amounts for Annaly's preferred stocks for Q2 2021?

For Q2 2021, the dividends are $0.434375 per share 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 payable on June 30, 2021, to shareholders of record as of June 1, 2021.

What is Annaly's primary business focus?

Annaly focuses on generating net income through investments in residential and commercial assets.

What are the payment dates for Annaly's preferred stock dividends?

Dividends for Series F, G, and I are payable on June 30, 2021.

How does Annaly maintain its REIT status?

Annaly is internally managed and has elected to be taxed as a real estate investment trust for federal income tax purposes.