NEW YORK--(BUSINESS WIRE)--
In accordance with the terms of the 7.875% Series A Cumulative
Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly
Capital Management, Inc. (NYSE:NLY) (“Annaly”), the Board of Directors
of Annaly has declared a Series A Preferred Stock cash dividend for the
first quarter of 2017 of $0.492188 per share of Series A Preferred Stock.
In accordance with the terms of Annaly’s 7.625% Series C Cumulative
Redeemable Preferred Stock (“Series C Preferred Stock”), the Board of
Directors of Annaly has declared a Series C Preferred Stock cash
dividend for the first quarter of 2017 of $0.476563 per share of Series
C Preferred Stock.
In accordance with the terms of Annaly’s 7.50% Series D Cumulative
Redeemable Preferred Stock (“Series D Preferred Stock”), the Board of
Directors of Annaly has declared a Series D Preferred Stock cash
dividend for the first quarter of 2017 of $0.46875 per share of Series D
Preferred Stock.
In accordance with the terms of Annaly’s 7.625% Series E Cumulative
Redeemable Preferred Stock (“Series E Preferred Stock”), the Board of
Directors of Annaly has declared a Series E Preferred Stock cash
dividend for the first quarter of 2017 of $0.476563 per share of Series
E Preferred Stock.
Dividends for the Series A Preferred Stock, Series C Preferred Stock,
Series D Preferred Stock and Series E Preferred Stock are payable on
March 31, 2017 to preferred shareholders of record as of March 1, 2017.
General
Annaly’s principal business objectives are to generate net income for
distribution to its shareholders from its investments and capital
preservation. Annaly is a Maryland corporation that has elected to be
taxed as a real estate investment trust (“REIT”). Annaly is managed and
advised by Annaly Management Company LLC.
Forward-Looking Statements
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements which are
based on various assumptions (some of which are beyond our control) and
may be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as “may,” “will,” “believe,”
“expect,” “anticipate,” “continue,” or similar terms or variations on
those terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due to a
variety of factors, including, but not limited to, changes in interest
rates; changes in the yield curve; changes in prepayment rates; the
availability of mortgage-backed securities and other securities for
purchase; the availability of financing and, if available, the terms of
any financings; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow our
commercial business; our ability to grow our residential mortgage credit
business; credit risks related to our investments in credit risk
transfer securities, residential mortgage-backed securities and related
residential mortgage credit assets, commercial real estate assets and
corporate debt; risks related to investments in mortgage servicing
rights and ownership of a servicer; our ability to consummate any
contemplated investment opportunities; changes in government regulations
affecting our business; our ability to maintain our qualification as a
REIT; and our ability to maintain our exemption from registration under
the Investment Company Act of 1940, as amended. For a discussion of the
risks and uncertainties which could cause actual results to differ from
those contained in the forward-looking statements, see “Risk Factors” in
our most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q. We do not undertake, and specifically disclaim any
obligation, to publicly release the result of any revisions which may be
made to any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date of
such statements, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170216006170/en/
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.