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Annaly Capital Management, 6.50% Series G Fix/Float Cumul Redeem Preferred Stock
Ticker Symbol: NLY-G CUSIP: 035710862 Exchange: NYSE
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management, Inc., 6.50% Series G Fixed-To-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/31/2023 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions at a fixed rate equal to 6.50% per annum ($1.6250 per annum or $0.40625 per quarter) will be paid quarterly on 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 one business day prior to the record date). From and including 3/31/23 at a floating rate equal to three-month LIBOR three-month CME Term SOFR plus a spread adjustment of 0.26161% plus a spread of 4.172% per annum. 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. 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). This security was not rated by Moody’s or S&P at the time of its IPO. 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)
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Notes: Nov 08, 2023 -- In accordance with the terms of Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the fourth quarter of 2023 of $0.620803 per share of Series G Preferred Stock, which reflects a rate of 9.82369%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.172%. August 09, 2023 -- Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the third quarter of 2023 of $0.613609 per share of Series G Preferred Stock, which reflects a rate of 9.70986%, equal to three-month LIBOR on the Dividend Determination date plus a spread of 4.172%. May 10, 2023 -- Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the second quarter of 2023 of $0.589676 per share of Series G Preferred Stock, which reflects a rate of 9.33114%, equal to three-month LIBOR on the Dividend Determination date plus a spread of 4.172%.
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IPO - 1/8/2018 - 17.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: ACMGP Changed: 1/17/2018
Market Value $ 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 - David L. Finkelstein |
CFO - Serena Wolfe |
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