Annaly Capital Management, Inc. Announces Preferred Dividends

Rhea-AI Summary

Annaly Capital Management has declared preferred stock dividends for Q4 2024 across three series. The Series F Preferred Stock will pay $0.616143 per share at a 9.85828% rate, Series G Preferred Stock will pay $0.577382 per share at a 9.03728% rate, and Series I Preferred Stock will pay $0.629579 per share at a 9.85428% rate. All dividends will be paid on December 31, 2024, to shareholders of record as of December 2, 2024.

Positive

• High dividend rates ranging from 9.03% to 9.85% across preferred stock series
• Consistent dividend payment schedule maintained for 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 fourth quarter of 2024 of $0.616143 per share of Series F Preferred Stock, which reflects a rate of 9.85828%, 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 fourth quarter of 2024 of $0.577382 per share of Series G Preferred Stock, which reflects a rate of 9.03728%, 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 fourth quarter of 2024 of $0.629579 per share of Series I Preferred Stock, which reflects a rate of 9.85428%, 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 December 31, 2024 to preferred shareholders of record as of December 2, 2024.

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/20241106932189/en/

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc.

FAQ

When is Annaly Capital Management (NLY) paying its Q4 2024 preferred stock dividends?

Annaly Capital Management will pay its Q4 2024 preferred stock dividends on December 31, 2024, to shareholders of record as of December 2, 2024.

What is the dividend rate for Annaly Capital Management's (NLY) Series F Preferred Stock in Q4 2024?

The Series F Preferred Stock dividend rate is 9.85828%, with a payment of $0.616143 per share.

How much is Annaly Capital Management (NLY) paying for Series G Preferred Stock dividend in Q4 2024?

Annaly is paying $0.577382 per share for Series G Preferred Stock, reflecting a rate of 9.03728%.

What is the dividend amount for Annaly Capital Management's (NLY) Series I Preferred Stock in Q4 2024?

The Series I Preferred Stock dividend is $0.629579 per share, reflecting a rate of 9.85428%.