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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, December 6, 5:32 PM

Slide #109. Annaly Capital Management, Inc. Preferred Stock Offering

Company: Annaly Capital Management, Inc. (NYSE:NLY)
Date announced: 7/25/2017
Shares Offered: 28,000,000
Date of Pricing: 7/25/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Annaly Capital Management, Inc. (NYSE:NLY), a Maryland corporation, ("Annaly" or the "Company") today announced that it has priced a public offering of an original issuance of 28 million shares of its 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $700 million before deducting the underwriting discount and other estimated offering expenses. The offering is subject to customary closing conditions and is expected to close on or about July 31, 2017. The Company intends to apply to list the Series F Preferred Stock on the New York Stock Exchange under the symbol "NLYPrF." In connection with the offering, Annaly has granted the underwriters a thirty-day option to purchase up to an additional 4.2 million shares of Series F Preferred Stock solely to cover over-allotments.

Annaly Capital Management is a real estate investment trust. Co. is externally managed by Annaly Management Company LLC. Co. is capital manager that invests in and finances residential and commercial assets. 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, and mortgage servicing rights. Co.'s investment groups include: Annaly Agency Group, Annaly Residential Credit Group, Annaly Commercial Real Estate Group, and Annaly Middle Market Lending Group.

Preferreds: NLY.PRE, NLY.PRC, NLY.PRA, NLY.PRD, NLY.PRF, NLY.PRG


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Name:  Annaly Capital Management Inc
Website:  www.annaly.com
Sector:  REITs
Number of ETFs Holding NLY:  59 (see which ones)
Total Market Value Held by ETFs:  $2,126,160,614
Total Market Capitalization:  $13,386,000,000
% of Market Cap. Held by ETFs:  15.88%
 

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