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Annaly Capital Management, 7.625% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: NLY-C* CUSIP: 035710706 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/21/2019
Security has been Called for: Sunday, July 21, 2019
Jun 21, 2019 -- Annaly Capital Management, Inc., today provided notice to the record holders of the Company’s 7.625% Series C Cumulative Redeemable Preferred Stock of the redemption of all 7,000,000 of the issued and outstanding shares of Series C Preferred Stock. The cash redemption amount for each share of Series C Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of July 21, 2019. On the Redemption Date, dividends on the Series C Preferred Stock will cease to accumulate and all rights relating to the Series C Preferred Stock will terminate, except the right to receive the Redemption Amount. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series C Preferred Stock to Computershare Inc., the Company’s redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption. Because the Redemption Date is not a Business Day (as such term is defined in our charter), pursuant to Section 6(h) of the Articles Supplementary designating the Series C Preferred Stock, the Redemption Amount may be paid on the next Business Day and no interest, additional dividends or other sums will accrue on the amount payable for the period from and after the Redemption Date to the next Business Day. The Notice of Redemption and related materials were mailed today to holders of record of the Series C Preferred Stock. Questions relating to the Notice of Redemption and related materials should be directed to Computershare Inc. at 1-800-301-5234. ____________ Jan. 9, 2018 -- Annaly Capital Management, Inc. (NYSE:NLY), today provided notice to the record holders (the Series E Notice of Redemption) of the Company’s 7.625% Series E Cumulative Redeemable Preferred Stock of the redemption of all 11,500,000 of the issued and outstanding shares of Series E Preferred Stock. The cash redemption amount for each share of Series E Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of February 8, 2018. Additionally, the Company today provided notice to the record holders (the Series C Notice of Redemption and, together with the Series E Notice of Redemption, of the Company’s 7.625% Series C Cumulative Redeemable Preferred Stock of the redemption of 5,000,000 of the issued and outstanding shares of Series C Preferred Stock. The shares of Series C Preferred Stock will be redeemed pro rata from the holders of record of such shares in proportion to the number of shares of Series C Preferred Stock held by such holders. The cash redemption amount for each share of Series C Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management, 7.625% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/16/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.625% per annum ($1.90625 per annum or $0.4762625 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be the first calendar day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NLY)
IPO - 5/11/2012 - 11.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: NLYPP Changed: 5/25/2012
Market Value $275.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 1211 Avenue of the Americas, Suite 2902, New York, NY 10036 |
Main Phone Number |
212-696-0100 |
Fax Number |
212-696-9809 |
Investor Relations
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888-826-6259
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Toll Free Phone Number |
888-826-6259 |
CEO - Kevin G. Keyes |
CFO - Glenn A. Votek |
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