Preferred Stock Channel
Annaly Capital Management Inc | 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLY.PRF)

Prospectus excerpt:  We are offering 28,000,000 shares of our 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, or the Series F Preferred Stock. Holders of Series F Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, September 30, 2022 at a fixed rate equal to 6.95% per annum of the $25.00 per share liquidation preference (equivalent to $1.7375 per annum per share) and (ii) from and including September 30, 2022, at a floating rate equal to three-month LIBOR plus a spread of 4.993% per annum of the $25.00 per share liquidation preference. Dividends will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, when and as declared, beginning on December 31, 2017 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series F Preferred Stock.

Full Prospectus PDF », Secondary Prospectus PDF », NLY Page »

Series:F
Alternate symbology:NLY-F, NLY-PF, NLYprF
Redeemable?:Yes
Call Date:9/30/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:28,000,000
Overallotment:4,200,000
Liquidation Preference:$25.00
Recent Market Price:$25.20
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.20 (0.80%)
Annualized Dividend:2.650688
Recent Ex-Date:2/29/2024
Current Yield:10.52%
Original Coupon:6.95%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn NLY.PRF's Rating
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


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Name:  Annaly Capital Management Inc
Website:  www.annaly.com
Sector:  REITs
Number of ETFs Holding NLY:  68 (see which ones)
Total Market Value Held by ETFs:  $1,782,577,697.94
Total Market Capitalization:  $10,062,000,000
% of Market Cap. Held by ETFs:  17.72%

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