Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 167

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 167
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urchase Program became effective on November 3, 2022, and expired on December 31, 2024. No shares were repurchased with respect to the Prior Preferred Stock Repurchase Program during the year ended December 31, 2024.On December 31, 2024, the Board approved a repurchase plan for all of its existing outstanding Preferred Stock (as defined below, the “Current Preferred Stock Repurchase Program”). Under the terms of the Current Preferred Stock Repurchase Program, we are authorized to repurchase up to an aggregate of 63,500,000 shares of Preferred Stock, comprised of up to (i) 28,800,000 shares of its Series F Preferred Stock, (ii) 17,000,000 shares of its Series G Preferred Stock, and (iii) 17,700,000 shares of its Series I Preferred Stock. The aggregate liquidation value of the Preferred Stock that may be repurchased by the Company pursuant to the Current Preferred Stock Repurchase Program, as of December 31, 2024, was approximately $1.6 billion. The Current Preferred Stock Repurchase Program replaced the Prior Preferred Stock Repurchase Program. The Current Preferred Stock Repurchase Program became effective on January 1, 2025, and will expire on December 31, 2029.

F-30

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

(C)    Distributions to StockholdersThe following table provides a summary of the Company’s dividend distribution activity for the periods presented: For the Years Ended December 31, 2024December 31, 2023 (dollars in thousands, except per share data)Dividends and dividend equivalents declared on common stock and share-based awards$1,397,733 $1,294,688 Distributions declared per common share (1)$2.60 $2.60 Distributions paid to common stockholders after period end$375,932 $325,052 Distributions paid per common share after period end$0.65 $0.65 Date of distributions paid to common stockholders after period endJanuary 31, 2025January 31, 2024Dividends declared to series F preferred stockholders$74,887 $73,892 Dividends declared per share of series F preferred stock (2)$2.600 $2.566 Dividends declared to series G preferred