Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 190

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 190
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,755 — — 174,755 Prime jumbo (>=2010 vintage)— 51,622 19,246 107,341 178,209 Total$1,320 $1,236,852 $367,568 $139,166 $1,744,906 

Contractual Obligations

The following table summarizes the effect on our liquidity and cash flows from contractual obligations at September 30, 2025. The table does not include the effect of net interest rate payments on our interest rate swap agreements. The net swap payments will fluctuate based on monthly changes in the receive rate. At September 30, 2025, the interest rate swaps had a net fair value of ($21.2) million.

 Within OneYearOne to ThreeYearsThree to FiveYearsMore thanFive YearsTotal (dollars in thousands)Repurchase agreements$74,840,852 $278,111 $— $— $75,118,963 Interest expense on repurchase agreements (1)449,527 6,146 — — 455,673 Other secured financing250,000 775,000 — — 1,025,000 Interest expense on other secured financing (1)57,833 20,935 — — 78,768 Debt issued by securitization vehicles (principal)— — — 27,098,983 27,098,983 Interest expense on debt issued by securitization vehicles1,499,940 2,999,880 2,999,880 46,555,027 54,054,727 Participations issued (principal)— — — 1,772,035 1,772,035 Interest expense on participations issued120,655 241,310 241,310 2,978,253 3,581,528 Long-term operating lease obligations259 5,465 7,662 49,167 62,553 Total$77,219,066 $4,326,847 $3,248,852 $78,453,465 $163,248,230 (1) Interest expense on repurchase agreements and other secured financing calculated based on rates at September 30, 2025.

In the coming periods, we expect to continue to finance our Residential Securities in a manner that is largely consistent