Company: NLY-PF
Filing Date: 2025-04-04
Form Type: DEFA14A
Source: 0001104659-25-032219
Chunk: 0

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-04-04
Form: DEFA14A
Chunk 0
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<div align='center'>UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )</div>

Filed by the Registrant x

Filed by a Party other than the Registrant ¨

Check the appropriate box:

| ¨ | Preliminary Proxy Statement                                                     |
| ¨ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ¨ | Definitive Proxy Statement                                                      |
| x | Definitive Additional Materials                                                 |
| ¨ | Soliciting Material under §240.14a-12                                           |

<div align='center'>Annaly Capital Management, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other
than the Registrant)</div>

Payment of Filing Fee (Check the appropriate box):

| x | No fee required.                                                                                   |
| ¨ | Fee paid previously with preliminary materials.                                                    |
| ¨ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 |

<div align='center'>EXPLANATORY NOTE</div>

We are making this filing to amend and replace the sample proxy card included in our Proxy Statement filed on April 3, 2025. The proxy materials delivered to our stockholders will include the attached proxy card. Other than this change to the proxy card, the Proxy Statement remains unchanged.

| Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date                                                                                                
 TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:                                                                                                          
 KEEP THIS PORTION FOR YOUR RECORDS                                                                                                                                   
 DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.                                                                             
 V65976-P24841                                                                                                                                                        
 For Against Abstain                                                                                                                                                  
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 1. Election of Directors                                                                                                                                             
 Nominees:                                                                                                                                                            
 The Board