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Annaly Capital Management Inc | 7.625% Series C Cumulative Redeemable Preferred Stock (NLY.PRC)
This preferred is marked as having been called.
Prospectus excerpt: We are offering 11,000,000 shares of our 7.625% Series C Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the Series C Preferred Stock. This is an original issuance of the Series C Preferred Stock. We will pay quarterly cumulative dividends on the Series C Preferred Stock, in arrears, on March 31, June 30, September 30 and December 31 of each year (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day) from, and including, the date of original issuance at 7.625% of the $25.00 per share liquidation preference per annum (equivalent to $1.90625 per annum per share). The first dividend payable on June 30, 2012 in the amount of $0.238281 per share will be paid to the persons who are the holders of record of the Series C Preferred Stock at the close of business on June 1, 2012. The Series C Preferred Stock will not be redeemable before May 16, 2017, except under circumstances intended to preserve our qualification as a real estate investment trust for federal income tax purposes, or REIT, and except as described below upon the occurrence of a Change of Control (as defined herein). On or after May 16, 2017, we may, at our option, redeem any or all of the shares of the Series C Preferred Stock at $25.00 per share plus any accumulated and unpaid dividends to, but not including, the redemption date. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series C Preferred Stock within 120 days after the first date on which such Change of Control occurred at $25.00 per share plus any accumulated and unpaid dividends to, but not including, the redemption date. The Series C Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by us or converted into our common stock in connection with a Change of Control by the holders of Series C Preferred Stock. Full Prospectus PDF », Secondary Prospectus PDF », NLY Page »
Series: | C | Alternate symbology: | NLY-C, NLY-PC, NLYprC | Redeemable?: | Yes | Call Date: | 5/16/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 11,000,000 | Overallotment: | 1,650,000 | Liquidation Preference: | $25.00 | Original Coupon: | 7.625% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn NLY.PRC's Rating
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Annaly Capital Management is an internally-managed real estate investment trust. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group. Preferreds: NLY.PRA, NLY.PRC, NLY.PRE, NLY.PRD, NLY.PRF, NLY.PRG, NLY.PRI Open the NLY Information Page »
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Name: |
Annaly Capital Management Inc |
Website: |
www.annaly.com |
Sector: |
REITs |
Number of ETFs Holding NLY: |
69 (see which ones) |
Total Market Value Held by ETFs: |
$1,654,722,622.41 |
Total Market Capitalization: |
$8,857,000,000 |
% of Market Cap. Held by ETFs: |
18.68% |
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