Company: NLY-PF
Filing Date: 2025-12-22
Form Type: 424B5
Source: 0001193125-25-328718
Chunk: 17

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-12-22
Form: 424B5
Chunk 17
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 thereof to one vote on all matters submitted to a vote of stockholders, including the election of directors. Cumulative voting in the election of directors is not permitted. Each nominee for
director shall be elected by a majority of the votes cast. A majority of the votes cast means the affirmative vote of a majority of the total votes cast “for” and “against” such nominee. Notwithstanding the foregoing, a
nominee for director shall be elected by a plurality of the votes cast if the number of nominees exceeds the number of directors to be elected. If an incumbent director fails to receive the required vote for re-election, under our current bylaws our
Board is required to publicly disclose whether it has requested and accepted the resignation of such director and, if applicable, its decision regarding any tendered resignation and its rationale.

Our bylaws provide that annual meetings of our stockholders will be held on the date and at the time and place set by our Board, and special
meetings may be called by our Board, the Chairman of our Board, our president or our Chief Executive Officer. Additionally, our Secretary is required to call a special meeting of stockholders upon the written request of stockholders entitled to cast
not less than 25% of all the votes entitled to be cast on such matter at the meeting. Notwithstanding the foregoing, our secretary is only required to call a special meeting regarding a matter that is substantially the same as a matter voted on at a
special meeting held during the preceding twelve months upon the written request of stockholders entitled to cast a majority of all the votes entitled to be cast on such matter at such meeting. In each case, stockholders requesting a special meeting
must comply with the procedures set forth in, and provide the information and certifications required by, our bylaws. Our charter may be amended in accordance with its terms and Maryland law.

Dividends; Liquidation; Other Rights

Common stockholders are entitled to receive dividends if and when authorized by our Board and declared by us out of legally available funds.
The right of common stockholders to receive dividends is subordinate to the

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rights of preferred stockholders or other senior stockholders. If we liquidate, dissolve or wind-up, our common stockholders will share ratably in all of our assets remaining after the payment of all of our liabilities and the payment of all liquidation and other preference amounts to preferred stockholders and other senior stockholders. Common stockholders have no preemptive or other subscription rights, and there are no conversion