Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 117

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 and Wells Fargo Securities, LLC (collectively, the “Prior Sales Agents”). Under the terms of the Prior Sales Agreements, the Company offered and sold shares of its common stock, having an aggregate offering price of up to $1.5 billion, from time to time through any of the Prior Sales Agents (the “at-the-market sales program”).During the three months ended March 31, 2025, under the at-the-market sales program, the Company issued 23.3 million shares for proceeds of $495.7 million, net of commissions and fees. During the three months ended March 31, 2024, no shares were issued under the at-the-market sales program pursuant to the Prior Sales Agreements; however, the Company incurred costs to maintain the effectiveness of the at-the-market sales program that was in effect at that time.(B)    Preferred StockThe following is a summary of the Company’s cumulative redeemable preferred stock outstanding at March 31, 2025 and December 31, 2024. In the event of a liquidation or dissolution of the Company, the Company’s then outstanding preferred stock takes precedence over the Company’s common stock with respect to payment of dividends and the distribution of assets.Shares AuthorizedShares Issued And OutstandingCarrying ValueContractual RateEarliest Redemption Date (1)Effective Date of Floating Rate Dividend PeriodFloating Annual Rate (2)March 31, 2025December 31, 2024March 31, 2025December 31, 2024March 31, 2025December 31, 2024Fixed-to-floating rateSeries F28,800,000 28,800,000 28,800,000 28,800,000 696,910 696,910 6.95%9/30/20229/30/20223M Term SOFR + 4.993%Series G17,000,000 17,000,000 17,000,000 17,000,000 411,335 411,335 6.50%3/31/20233/31/20233M Term SOFR + 4.172%Series I17,700,000 17,700,000 17,700,000 17,700,000 428,324 428,324 6.75%6/30/20246/30/20243M Term SOFR + 4.989