|
Annaly Capital Management, 8.125% Series H Cumulative Redeemable Preferred Stock
Ticker Symbol: NLY-H* CUSIP: 035710854 Previous CUSIP: 02504A203 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/31/2019
Security has been Called for: Friday, May 31, 2019
May 01, 2019 -- Annaly Capital Management, Inc. today provided notice to the record holders of the Company’s 8.125% Series H Cumulative Redeemable Preferred Stock of the redemption of all 2,200,000 of the issued and outstanding shares of Series H Preferred Stock pursuant to the Company’s optional redemption right. The cash redemption amount for each share of Series H Preferred Stock is $25.00 plus accumulated and unpaid dividends to, but not including, the redemption date of May 31, 2019. On the Redemption Date, dividends on the Series H Preferred Stock will cease to accumulate and all rights relating to the Series H 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 H 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. The Notice of Redemption and related materials were mailed today to holders of record of the Series H Preferred Stock. Questions relating to the Notice of Redemption and related materials should be directed to Computershare Inc. at 1-800-301-5234. ____________ 9/28/2018 -- A QOL user has informed us the the 10/15/18 payment was made to him on 9/28/18. We know of no reason or justification for a change in payment date for this security. ____________ From the form 8-K filed with the SEC on 9/7/2018 -- At the Effective Time, each share of MTGE 8.125% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, that was outstanding as of immediately prior to the Effective Time was converted into one share of Annaly 8.125% Series H Cumulative Redeemable Preferred Stock, par value $0.01 per share, which has the rights, preferences, privileges and voting powers substantially the same as a MTGE Preferred Share immediately prior to the Effective Time.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Annaly Capital Management, formerly MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., 8.125% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/22/2019 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.125% per annum ($2.03125 per annum or $0.507813 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (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. 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.
|
Go to Parent Company's Record (NLY)
IPO - 5/15/2014 - 2.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: MTGEP Changed: 9/07/2018
Previous Name: MTGE Investment Corp.., 8.125% Series A Cumulative Redeemable Preferred Stock Changed: 9/07/2018
Market Value $50.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 2 Bethesda Metro Center, 14th Floor, Bethesda, MD 20814 |
Main Phone Number |
301-968-9220 |
Fax Number |
301-968-9221 |
Investor Relations
|
301-968-9220
|
Toll Free Phone Number |
Unknown |
CEO - Malon Wilkus |
CFO - John R. Erickson |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|