Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 57

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 57
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 they mature. The effects of interest rate swaps, whereby we generally pay a fixed rate and receive a floating rate and effectively lock in our financing costs for a longer term, are also reflected in our interest rate sensitivity gap. 

The interest rate sensitivity of our assets and liabilities in the following table at December 31, 2024 could vary substantially based on actual prepayment experience.

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 7. Management’s Discussion and Analysis

 Less than 3Months3-12 MonthsMore than 1 Year to 3 Years3 Years and OverTotalFinancial assets(dollars in thousands)Cash and cash equivalents$1,488,027 $— $— $— $1,488,027 Agency mortgage-backed securities (principal)8 106 21,151 68,600,682 68,621,947 Residential credit risk transfer securities (principal)— 4,996 5,570 696,603 707,169 Non-agency mortgage-backed securities (principal)169,259 233,332 388,603 663,249 1,454,443 Commercial mortgage-backed securities (principal)44,151 30,000 — — 74,151 Total securities213,418 268,434 415,324 69,960,534 70,857,710 Residential mortgage loans (principal)— — — 3,485,717 3,485,717 Total loans— — — 3,485,717 3,485,717 Assets transferred or pledged to securitization vehicles (principal)— — — 22,812,008 22,812,008 Total financial assets - maturity1,701,445 268,434 415,324 96,258,259 98,643,462 Effect of utilizing reset dates (1)23,366,941 735,144 415,423 (24,517,508)— Total financial assets - interest rate sensitive$25,068,386 $1,003,578 $830,747 $71,740,751 $98,643,462 Financial liabilitiesRepurchase agreements$64,154,811 $1,202,072 $332,040 $— $65,688,923 Debt issued by securitization vehicles