Company: NLY-PF
Filing Date: 2025-12-22
Form Type: 424B5
Source: 0001193125-25-328718
Chunk: 18

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-12-22
Form: 424B5
Chunk 18
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 rights, or redemption or sinking fund provisions, relating to the shares of common stock. Classification or Reclassification of Common Stock or Preferred Stock Our charter authorizes our Board to classify and reclassify any unissued shares of stock into other classes or series of shares, to establish the number of shares in each class or series and to set the preferences, conversion and other rights, voting powers, restrictions, limitations, and restrictions on ownership, limitations as to dividends or other distributions, qualifications, and terms or conditions of redemption for each class or series. Preferred Stock The following description sets forth general terms and provisions of the preferred stock to which any prospectus supplement may relate. The statements below describing the preferred stock are in all respects subject to and qualified in their entirety by reference to our charter, our bylaws and any articles supplementary filed with the State Department of Assessments and Taxation of Maryland designating terms of a class or series of preferred stock. The preferred stock, when issued, will be validly issued, fully paid, and non-assessable. Because our Board has the power to establish the preferences, powers and rights of each class or series of preferred stock, our Board may afford the holders of any class or series of preferred stock preferences, powers and rights, voting or otherwise, senior to the rights of common stockholders. The rights, voting powers, restrictions, limitations, and restrictions on ownership, limitations as to dividends or other distributions, qualifications, and terms or conditions of redemption of each class or series of preferred stock will be fixed by the articles supplementary relating to the class or series. A prospectus supplement, relating to each class or series will specify the terms of the preferred stock including, without limitation, the following:

| • |     | the title and stated value of the preferred stock; |

| • |     | the voting rights of the preferred stock, if applicable; |

| • |     | the preemptive rights of the preferred stock, if applicable; |

| • |     | the restrictions on alienability of the preferred stock, if applicable; |

| • |     | the number of shares offered, the liquidation preference per share and the offering price of the shares; |

| • |     | liability to further calls or assessment of the preferred stock, if applicable; |

| • |     | the dividend rate(s), period(s) and payment date(s) or method(s) of calculation applicable to the preferred stock 
 (including fixed and floating rates, as applicable);                                                              |

| • |     | the date