Annaly Capital Management, 6.95% Series F Fixed-to-Floating Cumulative Redeemable Preferred Stock

Annaly Capital Management, Inc. is a real estate investment trust (REIT) that primarily invests in and manages a portfolio of mortgage-backed securities. The company operates as a middleman between borrowers and lenders by using the funds from short-term borrowings to purchase long-term, fixed-rate mortgages. Annaly Capital generates revenue through the difference between the interest income earned on its mortgage investments and the cost of its borrowings. The company’s goal is to generate high, stable income for its shareholders while also preserving capital. Annaly Capital is headquartered in New York and was founded in 1997.

Coupon is fixed at 6.95% until 9/30/2022 after which the rate resets quarterly at 3 month libor(now SOFR) plus 4.993%.

Ticker: NLY-F

Parent Ticker: NLY

OTC Grey Market Temporary Ticker: ANNPP

Issuance Date: 07/25/2017

1st Call Date: 09/30/2022

Maturity Date: None

Shares Issued: 28,000,000

Overallotment Shares: 4,200,000

Coupon: 6.95%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.434

Payment Months: MAR, JUN, SEP, DEC

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: NR

Fitch Rating: NR

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