Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 102

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 102
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 and the requesting stockholder or stockholders must pay such estimated cost before our secretary may prepare and deliver the notice of the special meeting. Advance Notice of Director Nominations and New Business Our bylaws provide that:

| • |     | with respect to an annual meeting of stockholders, nominations of individuals for election to our Board and the 
 proposal of business to be considered by stockholders at the annual meeting may be made only:                   |

| • |     | pursuant to our notice of the meeting; |

| • |     | by or at the direction of our Board; or |

| • |     | by a stockholder who was a stockholder of record at the record date set by our Board for the meeting, at the time                                                                                                                                       
 of giving of the notice of the meeting and at the time of the annual meeting (and any postponement or adjustment thereof), who is entitled to vote at the meeting in the election of each individual so nominated or on such other business and who has 
 complied with the advance notice procedures set forth in, and provided the information and certifications required by, our bylaws; and                                                                                                                  |

| • |     | with respect to special meetings of stockholders, only the business specified in our notice of meeting may be                  
 brought before the special meeting of stockholders, and nominations of individuals for election to our Board may be made only: |

| • |     | by or at the direction of our Board; |

| • |     | by a stockholder that has requested a special meeting be called for the purpose of electing directors in 
 compliance with our bylaws; or                                                                           |

| • |     | provided that the meeting has been called in accordance with our bylaws for the purpose of electing directors, by                                                                                                                                         
 a stockholder who is a stockholder of record at the record date set by our Board for the meeting, at the time of giving of the notice required by our bylaws and at the time of the meeting (and any postponement or adjustment thereof), who is entitled 
 to vote at the meeting in the election of each individual so nominated and who has complied with the advance notice provisions set forth in, and provided the information and certifications required by, our bylaws.                                     |

The purpose of requiring stockholders to give advance notice of nominations and other proposals is to afford our Board and our stockholders the opportunity to consider the qualifications of the proposed nominees or the advisability of the other proposals and, to the extent considered necessary by our Board, to inform stockholders