Company: NLY-PF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036724
Chunk: 126

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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. Under the terms of the Sales Agreements, the Company may offer and sell shares of our common stock, having an aggregate offering price of up to $2.0 billion (the “Shares”), from time to time 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

through any of the Sales Agents (the "Current At-The-Market Sales Program" and, together with the Prior At-The-Market Sales Program, the "at-the-market sales program").During the three and six months ended June 30, 2025, under the at-the-market sales program, the Company issued 39.7 million and 63.0 million shares for proceeds of $761.2 million and $1.3 billion, respectively, each net of commissions and fees.  During the three and six months ended June 30, 2024, under the Prior At-The-Market Sales Program, the Company issued 0.6 million shares for proceeds of $11.3 million, net of commissions and fees.(B)    Preferred StockThe following is a summary of the Company’s cumulative redeemable preferred stock outstanding at June 30, 2025 and December 31, 2024. In the event of a liquidation or dissolution of the Company, the Company’s then outstanding preferred stock takes precedence over the Company’s common stock with respect to payment of dividends and the distribution of assets.Shares AuthorizedShares Issued And OutstandingCarrying ValueContractual RateEarliest Redemption Date (1)Effective Date of Floating Rate Dividend PeriodFloating Annual Rate (2)June 30, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024Fixed-to-floating rateSeries F28,800,000 28,800,000 28,800,000 28,800,000 696,910 696,910 6.95%9/30/20229/30/20223M Term SOFR + 4.993%Series G17,000,000 17,000,000 17,000,000 17,000,000 411,335 411,335 6.50%3/31/20233/31/20233M Term SOFR + 4.172%Series I17,700,000