Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 44

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 44
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consolidated Entities

We do not have any commitments or contractual obligations arising from arrangements with unconsolidated entities that have or are reasonably likely to have a material effect on our financial condition, revenues or expenses, results of operations, liquidity, cash requirements or capital resources.

Capital Management

Maintaining 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, Item 1A. “Risk Factors” of this annual report on Form 10-K.

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 December 31, 2024 and 2023:

 December 31, 2024December 31, 2023Stockholders’ equity(dollars in thousands)6.95% Series F fixed-to-floating rate cumulative redeemable preferred stock696,910 696,910 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 stock5,784 5,001 Additional paid-in capital25,257,716 23,672,391 Accumulated other comprehensive income (loss)(1,017,682)(1,335,400)Accumulated deficit(13,173,146)(12,622,768)Total stockholders’ equity$12,609,241 $11,255,793 

Capital Stock

Common Stock

In January 2022, we announced that our Board authorized the