Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 24

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 24
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, including the articles supplementary designating the terms of the Series J Preferred Stock, our bylaws and Maryland law. Copies of our charter and our bylaws are filed as exhibits to the registration statement of which this prospectus supplement and accompanying prospectus form a part.

General

Our charter provides that the
total number of shares of stock of all classes which we have the authority to issue is one billion five hundred thirty-one million seven hundred fifty thousand (1,531,750,000) shares of capital stock, par
value one cent ($0.01) per share. Of these shares of capital stock, prior to the designation of the Series J Preferred Stock, 1,468,250,000 shares are classified as shares of our common stock, 28,800,000 shares are classified as shares of our
6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, 17,000,000 shares are classified as shares of our 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and 17,700,000 shares are classified as shares of our 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Our board of directors may classify and reclassify any unissued shares of capital stock by setting or changing in any one or more respects the
preferences, conversion or other rights, voting powers, restrictions, limitations as to dividend or other distributions, qualifications or terms or conditions of redemption of such shares of stock.

In connection with this offering, our board of directors and a committee of the board will, as permitted by our charter and Maryland law,
classify and designate a new series of preferred stock with the rights set forth herein consisting of shares designated as the 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to herein as
the Series J Preferred Stock, by adopting and filing the articles supplementary classifying and designating such shares with the State Department of Assessments and Taxation of Maryland. Our board of directors may, without the approval of holders of
Series F Preferred Stock, Series G Preferred Stock, Series I Preferred Stock, Series J Preferred Stock or our common stock, designate additional classes or series of authorized preferred stock ranking junior to or on parity with the Series J
Preferred Stock or designate additional shares of the Series J Preferred Stock and authorize the issuance of such shares.

We intend to
apply to list