Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 134

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 134
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 loan obligations.The following table represents a rollforward of the activity for the Company’s securities for the year ended December 31, 2024:Agency SecuritiesResidential Credit SecuritiesCommercial SecuritiesTotal(dollars in thousands)Beginning balance January 1, 2024$66,308,788 $3,082,333 $222,444 $69,613,565 Purchases28,692,300 574,256 — 29,266,556 Sales(20,566,652)(802,933)(136,313)(21,505,898)Principal paydowns(6,114,284)(706,226)(13,774)(6,834,284)(Amortization) / accretion(100,506)1,692 642 (98,172)Fair value adjustment(785,578)98,979 1,279 (685,320)Ending balance December 31, 2024$67,434,068 $2,248,101 $74,278 $69,756,447 

F-11

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

The following tables present the Company’s securities portfolio that were carried at their fair value at December 31, 2024 and 2023: December 31, 2024 Principal /NotionalRemaining PremiumRemaining DiscountAmortizedCostUnrealizedGainsUnrealizedLossesEstimated Fair ValueAgency(dollars in thousands)Fixed-rate pass-through$65,010,762 $1,329,117 $(1,178,444)$65,161,435 $130,742 $(2,242,503)$63,049,674 Adjustable-rate pass-through157,123 11,936 (42)169,017 2,216 (8,995)162,238 CMO87,467 1,459 — 88,926 — (15,242)73,684 Interest-only3,437,570 493,803 — 493,803 14,843 (127,914)380,732 Multifamily (1)26,216,351 514,726 (11,830)3,844,575 7,644 (110,454)3,741,765 Reverse mortgages24,916 2,499 —