Company: NLY-PF
Filing Date: 2025-05-06
Form Type: DEFA14A
Source: 0001104659-25-045048
Chunk: 0

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-06
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 |

COMMENCING ON MAY 6, 2025, ANNALY CAPITAL MANAGEMENT, INC. SENT THE BELOW COMMUNICATIONS TO CERTAIN STOCKHOLDERS.

ANNALY’S 2025 PROXY STATEMENT

KEY HIGHLIGHTS

Proven Industry Leader Across
Residential Mortgage Finance

Annaly has continued to enhance
our position as a leader in the residential housing finance market. Since the beginning of 2024, we have achieved a number of strategic
milestones, which included:

| § | June 2024 – Hosted a panel discussion with Fannie Mae                                         
 and Freddie Mac on the GSEs’ support of American homeownership and sustainability initiatives |

| § | October 2024 – Announced a partnership with Rocket Mortgage                   
 to service and handle recapture activities for a portion of our MSR portfolio |

| § | November 2024 – Hosted an Investor Day to provide our         
 investors an update on our dedicated housing finance strategy |

| § | December 2024 – Remained the largest non-bank          
 issuer of Prime Jumbo and Expanded Credit MBS in 20241 |

| § | December 2024 – Grew