Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 103

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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8 billion of Prime interest-only securities as of September 30, 2025 and December 31, 2024, respectively.(3) Principal/Notional amount includes $11.8 billion and $10.2 billion of Prime Jumbo interest-only securities as of September 30, 2025 and December 31, 2024, respectively.

10

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

The following table presents the Company’s Agency mortgage-backed securities portfolio by issuing Agency at September 30, 2025 and December 31, 2024: September 30, 2025December 31, 2024Investment Type(dollars in thousands)Fannie Mae$79,289,917 $63,211,517 Freddie Mac3,887,883 4,115,085 Ginnie Mae140,019 107,466 Total$83,317,819 $67,434,068 Actual maturities of the Company’s Residential Securities are generally shorter than stated contractual maturities because actual maturities of the portfolio are affected by periodic payments and prepayments of principal on the underlying mortgages.The following table summarizes the Company’s Residential Securities at September 30, 2025 and December 31, 2024, according to their estimated weighted average life classifications: September 30, 2025December 31, 2024Estimated Fair ValueAmortizedCostEstimated Fair ValueAmortizedCostEstimated weighted average life(dollars in thousands)Less than one year$271,081 $268,967 $407,856 $408,090 Greater than one year through five years5,251,891 5,193,314 1,308,898 1,325,093 Greater than five years through ten years77,747,853 78,033,301 66,027,670 68,242,391 Greater than ten years1,791,900 1,779,327 1,937,745 2,009,558 Total$85,062,725 $85,274,909 $69,682,169 $71,985,132 The estimated weighted average lives of the Residential Securities at September 30, 2025 and December 31, 2024 in the table above are based upon projected principal prepayment rates