Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 5

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 5
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 our press releases or in our other public or stockholder communications contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to:

| • |     | changes in interest rates; |

| • |     | changes in the yield curve; |

| • |     | changes in prepayment rates; |

| • |     | the availability of mortgage-backed securities (“MBS”) and other securities for purchase; |

| • |     | the availability of financing and, if available, the terms of any financing; |

| • |     | changes in the market value of our assets; |

| • |     | changes in business conditions and the general economy; |

| • |     | our ability to grow our residential credit business; |

| • |     | our ability to grow our mortgage servicing rights (“MSR”) business; |

| • |     | credit risks related to our investments in credit risk transfer securities and residential MBS and related 
 residential mortgage credit assets;                                                                        |

| • |     | risks related to our investments in MSR; |

| • |     | our ability to consummate any contemplated investment opportunities; |

| • |     | changes in government regulations or policy affecting our business; |

| • |     | our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; |

| • |     | our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; |

| • |     | and operational risks or risk management failures by us or critical third parties, including cybersecurity 
 incidents.                                                                                                 |

The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see