Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 58

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 58
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 provide this information at no cost to the requester upon written or oral request to Investor Relations, Annaly Capital Management, Inc., 1211 Avenue of the Americas, New York, New York 10036, telephone number 1- 888-8ANNALY. S-43

PROSPECTUS Annaly Capital Management, Inc. Common Stock, Preferred Stock, Warrants, Stockholder Rights, Debt Securities, Purchase Contracts and Units By this prospectus, we may offer, from time to time,

| • |     | shares of our common stock or preferred stock; |

| • |     | warrants to purchase shares of our common stock or preferred stock; |

| • |     | rights issuable to our stockholders to purchase shares of our common stock or preferred stock, to purchase                               
 warrants exercisable for shares of our common stock or preferred stock, or to purchase units consisting of two or more of the foregoing; |

| • |     | debt securities, which may consist of debentures, notes, or other types of debt; |

| • |     | purchase contracts obligating holders to purchase from or sell to us, or us to sell to or purchase from holders, 
 at a future date, certain securities described in the prospectus; and                                            |

| • |     | units consisting of two or more of the foregoing. |

We will provide specific terms of each issuance of these securities in supplements to this prospectus. In addition, selling security holders may sell these securities, from time to time, on terms described in the applicable prospectus supplement. You should read this prospectus and any supplement carefully before you decide to invest. The New York Stock Exchange lists our common stock under the symbol “NLY”, our 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock under the symbol “NLY.F”, our 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock under the symbol “NLY.G” and our 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock under the symbol “NLY.I”. To assist us in continuing to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes, no person may own more than 9.8%, in number of shares or value, of the outstanding shares of any class of our common stock or our preferred stock, unless our Board of Directors (the “Board”) waives this limitation.