Company: NLY-PF
Filing Date: 2025-01-02
Form Type: 8-K
Source: 0001628280-25-000056
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Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-01-02
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On December 31, 2024, the Board of Directors of Annaly Capital Management, Inc. (the “ Company”) authorized a new common share repurchase program and a new preferred share repurchase program, each of which shall expire on December 31, 2029. Under the common share repurchase program, the Company may repurchase up to $1.5 billion of its outstanding shares of common stock. Under the preferred share repurchase program, the Company may repurchase up to an aggregate of 63,500,000 shares of its preferred stock, comprised of up to (i) 28,800,000 shares of its 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, (ii) 17,000,000 shares of its 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, and (iii) 17,700,000 shares of its 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share.

The new common share repurchase program and the new preferred share repurchase program replace the Company’s existing common share and preferred share repurchase programs, each of which expired on December 31, 2024. The new authorizations do not obligate the Company to acquire any particular amount of common stock or preferred stock and each program may be suspended or discontinued at the Company’s discretion without prior notice.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  ANNALY CAPITAL MANAGEMENT, INC.                                                            
  (REGISTRANT)                                                                               
  By:                                  /s/ Anthony C. Green                                  
                                       Name: Anthony C. Green                                
                                       Title: Chief Corporate Officer & Chief Legal Officer  

Dated: January 2, 2025