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Annaly Capital Management, 7.625% Series E Cumul Redeem Preferred Stock
Ticker Symbol: NLY-E* CUSIP: 41902R400 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/08/2018
Security has been Called for: Thursday, February 8, 2018
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 E Cumulative Redeemable Preferred Stock, formerly the Hatteras Financial Corp., 7.625% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/27/2017 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 $0.4765625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 (changed to 3/31, 6/30, 9/30 & 12/31) to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days 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 - 8/16/2012 - 10.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: HTS-A Changed: 7/12/2016
Market Value $250.0 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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