Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 163

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 163
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750.0 million with maturities ranging between one month to two years. As of December 31, 2023, the Company had $1.25 billion in total committed credit facilities to finance a portion of its MSR portfolio. Outstanding borrowings under this facility as of December 31, 2023 totaled $500.0 million with maturities ranging between six months to one year. The weighted average interest rate of the borrowings was 7.21% and 8.09% as of December 31, 2024 and 2023, respectively. Borrowings are reported in Other secured financing in the Company’s Consolidated Statements of Financial Condition. Refer to the “Variable Interest Entities” Note for additional information on the Company’s other secured financing arrangements at December 31, 2023.Investments pledged as collateral under secured financing arrangements and interest rate swaps, excluding residential mortgage loans of consolidated VIEs, had an estimated fair value and accrued interest of $71.8 billion and $332.7 million, respectively, at December 31, 2024 and $68.2 billion and $279.5 million, respectively, at December 31, 2023.

F-28

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

14. CAPITAL STOCK(A)    Common StockThe following table provides a summary of the Company’s common shares authorized, and issued and outstanding at December 31, 2024 and 2023.Shares authorizedShares issued and outstandingDecember 31, 2024December 31, 2023December 31, 2024December 31, 2023Par ValueCommon stock1,468,250,000 1,468,250,000 578,357,118 500,080,287 $0.01In January 2022, the Company announced that its Board authorized the repurchase of up to $1.5 billion of its outstanding shares of common stock through December 31, 2024 (the “Prior Common Stock Repurchase Program”). In January 2025, the Company announced that its Board authorized the repurchase of up to $1.5 billion of its outstanding shares of common stock through December 31, 2029 (the “Current Common Stock Repurchase Program”). The Current Common Stock Repurchase Program replaced the Prior Common Stock Repurchase Program. During the years ended December 31, 2024 and