Company: NLY-PF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036724
Chunk: 41

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 41
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aining a strong balance sheet that can support the business even in times of economic stress and market volatility is of critical importance to our business strategy. A strong and robust capital position is essential to executing our investment strategy. Our capital strategy is predicated on a strong capital position, which enables us to execute our investment strategy regardless of the market environment. Our capital policy defines the parameters and principles supporting a comprehensive capital management practice.

The major risks impacting capital are liquidity and funding risk, investment/market risk, credit risk, counterparty risk, operational risk and compliance, regulatory and legal risk. For further discussion of the risks we are subject to, please see Part I, 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 2. Management’s Discussion and Analysis 

Item 1A. “Risk Factors” in our most recent Annual Report on Form 10-K and in Part II, Item 1A. “Risk Factors” in this Quarterly Report on Form 10-Q.

Capital requirements are based on maintaining levels above approved thresholds, ensuring the quality of our capital appropriately reflects our asset mix, market and funding structure. In the event we fall short of our internal thresholds, we will consider appropriate actions which may include asset sales, changes in asset mix, reductions in asset purchases or originations, issuance of capital or other capital enhancing or risk reduction strategies.

Stockholders’ Equity

The following table provides a summary of total stockholders’ equity at June 30, 2025 and December 31, 2024:

 June 30, 2025December 31, 2024Stockholders’ equity(dollars in thousands)6.95% Series F fixed-to-floating rate cumulative redeemable preferred stock$696,910 $696,910 6.50% Series G fixed-to-floating rate cumulative redeemable preferred stock411,335 411,335 6.75% Series I fixed-to-floating rate cumulative redeemable preferred stock428,324 428,324 Common stock6,421 5,784 Additional paid-in capital26,520,657 25,257,716 Accumulated other comprehensive income (loss)(740,046)(1,017,682)Accumulated deficit(13,942,302)(13,173,146)Total stockholders’ equity$13,381,299 $12,609,241 

Capital Stock

Common Stock

In January 2022, we announced that our Board authorized the repurchase of