Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 165

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 165
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 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 year ended December 31, 2024, under the at-the-market sales program, the Company issued 77.9 million shares for proceeds of $1.6 billion, net of commissions and fees. During the year ended December 31, 2023, under the at-the-market sales program, the Company issued 31.4 million shares for proceeds of $0.7 billion, net of commissions and fees.

F-29

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

(B)    Preferred StockThe following is a summary of the Company’s cumulative redeemable preferred stock outstanding at December 31, 2024 and 2023. 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)December 31, 2024December 31, 2023December 31, 2024December 31, 2023December 31, 2024December 31, 2023Fixed-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 17,700,000 17,700,000 17,700,000 428,324 428,324 6.75%6/30/20246/30/20243M Term SOFR + 4.989%Total63,500,000 63,500,000 63,500,000 63,500,000 $1,536