Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 137

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 137
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028)$71,007,994 $612,408 $(2,229,281)$69,391,121 CommercialCommercial securities$224,597 $15 $(822)$223,790 $19 $(1,365)$222,444 Total securities$96,221,329 $2,378,411 $(1,449,850)$71,231,784 $612,427 $(2,230,646)$69,613,565 (1) Principal/Notional amount includes $22.9 billion and $14.0 billion of Agency Multifamly interest-only securities as of December 31, 2024 and December 31, 2023, respectively.(2) Principal/Notional amount includes $1.8 billion and $0.9 billion of Prime interest-only securities as of December 31, 2024 and December 31, 2023, respectively.(3) Principal/Notional amount includes $10.2 billion and $9.1 billion of Prime Jumbo interest-only securities as of December 31, 2024 and December 31, 2023, respectively.

F-12

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

The following table presents the Company’s Agency mortgage-backed securities portfolio by issuing Agency at December 31, 2024 and 2023: December 31, 2024December 31, 2023Investment Type(dollars in thousands)Fannie Mae$63,211,517 $60,477,303 Freddie Mac4,115,085 5,778,809 Ginnie Mae107,466 52,676 Total$67,434,068 $66,308,788 Actual maturities of the Company’s Residential Securities are generally shorter than stated contractual maturities because actual maturities of the portfolio are affected by periodic payments and prepayments of principal on the underlying mortgages.The following table summarizes the Company’s Residential Securities at December 31, 2024 and 2023, according to their estimated weighted average life classifications: December 31, 2024December 31, 2023Estimated Fair ValueAmortizedCostEstimated Fair ValueAmortizedCostEstimated weighted average life(dollars in thousands)Less than one year$407,856 $408,090 $254,753 $