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Annaly Capital Management, 6.00% Series B Cumulative Convertible Preferred Stock
Ticker Symbol: NLYBP* CUSIP: 035710607 Exchange: OTOTC
* NOTE: This security is no longer trading as of 4/10/2012
Security has been Called for: Monday, April 2, 2012
Symbol NLYBP underwent a mandatory conversion into common stock - deleted effective 11:58. 3.0614 shares of Common Stock will be issued upon conversion of each share of Series B Preferred Stock. No fractional shares of Common Stock shall be issued. The remaining fractional interest shall be paid in cash in an amount equal to the fractional interest multiplied by the closing sale price per share of the Company?s Common Stock on the New York Stock Exchange on April 2, 2012.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management Inc., originally Annaly Mortgage Management Inc., 6.00% Series B Cumulative Convertible Preferred Stock, liquidation preference $25 per share, with no stated maturity, and with distributions of 6.00% ($1.50) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the first day of the calendar month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. The preferred shares are convertible anytime at the holder's option into 1.7730 common shares of Annaly Mortgage Management Inc. (NYSE: NLY), an initial conversion price of $14.10 per common share. On or after 4/5/2011, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NLY)
IPO - 4/7/2006 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Name: Annaly Mortgage Management, 6.00% Series B Cumul Conv Preferred Stock Changed: 8/03/2006
Market Value $100.0 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 - Michael A.J. Farrell |
CFO - Kathryn F. Fagan |
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