Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 26

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 26
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 Preferred Stock shall accumulate daily and be cumulative from, and including, the date of original issuance and shall be payable quarterly in arrears on the last day of March, June, September and December (each, a “dividend payment date”) of each year; providedthat if any dividend payment date is not a business day, as defined in the terms of the Series J Preferred Stock in our charter, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day with the same force and effect as if paid on such dividend payment date. No interest, additional dividends or sums in lieu of interest will be payable for the period from and after that dividend payment date to that next succeeding business day. The first dividend on the Series J Preferred Stock is scheduled to be payable on or about December 31, 2025 (long first Dividend Period), in the amount of $0.88750 per share. Any dividend payable on the Series J Preferred Stock, including dividends payable for any partial Dividend Period, will be computed on the basis of a 360-dayyear consisting of twelve 30-daymonths. Dividends will be payable to holders of record as they appear on our stock records at the close of business on the applicable record date, which will be no fewer than ten days and no more than 35 days prior to the applicable dividend payment date, as shall be fixed by the board of directors (each, a “dividend record date”). The dividends payable on any dividend payment date shall include dividends accumulated to, but not including, such dividend payment date. No dividends on shares of Series J Preferred Stock may be authorized by our board of directors or paid or set apart for payment by us at any time when the terms and provisions of any agreement of ours, including any agreement relating to our indebtedness, prohibit the authorization, payment or setting apart for payment thereof or provide that the authorization, payment or setting apart for payment thereof would constitute a breach of the agreement or a default under the agreement, or if the authorization, payment or setting apart for payment is restricted or prohibited by law. You should review the information appearing above under “Risk Factors—We may not be able to pay dividends or other distributions on the Series J Preferred Stock” for more information as to, among other things, other circumstances under which we may be unable to pay dividends on the Series J Preferred Stock. Notwithstanding the foregoing, dividends on the Series J Preferred Stock will accumulate whether or not (i) the terms and