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Annaly Capital Management, 7.50% Series D Cumul Redeem Preferred Stock
Ticker Symbol: NLY-D* CUSIP: 035710805 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/23/2020
Security has been Called for: Wednesday, December 23, 2020
November 23, 2020 -- Annaly Capital Management, Inc. (NYSE: NLY), a Maryland corporation (“Annaly” or the “Company”), today provided notice to the record holders (the “Notice of Redemption”) of the Company’s 7.50% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”) of the redemption of all 18,400,000 of the issued and outstanding shares of Series D Preferred Stock. The cash redemption amount (the “Redemption Amount”) for each share of Series D Preferred Stock is $25.00 plus accrued and unpaid dividends to, but not including, the redemption date of December 23, 2020 (the “Redemption Date”).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management, 7.50% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/13/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.50% per annum ($1.875 per annum or $0.46875 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 - 9/7/2012 - 16.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: NLYYP Changed: 9/18/2012
Market Value $400.0 Million
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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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