Annaly Capital Management Files 8-K

TL;DR

Annaly Capital Management filed an 8-K detailing its common and preferred stock series as of year-end 2024.

AI Summary

Annaly Capital Management Inc. filed an 8-K on January 2, 2025, reporting events as of December 31, 2024. The filing details the company's common stock and preferred stock series, including Series F, G, and I, with their respective fixed-to-floating rate cumulative redeemable features.

Why It Matters

This 8-K filing provides an update on Annaly Capital Management's capital structure, specifically detailing its common and preferred stock series, which is important for investors to understand the company's financial obligations and equity.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate information and does not appear to contain any significant new risks or material adverse events.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• Annaly Capital Management Inc (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• 1-13447 (identifier) — Commission File Number
• 22-3479661 (identifier) — IRS Employer Identification No.
• December 31, 2024 (date) — Date of earliest event reported
• January 2, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share NLY New York Stock Exchange
• $1.5 billion — ogram, the Company may repurchase up to $1.5 billion of its outstanding shares of common sto

Filing Documents

• nly-20241231.htm (8-K) — 33KB
• 0001628280-25-000056.txt ( ) — 209KB
• nly-20241231.xsd (EX-101.SCH) — 3KB
• nly-20241231_def.xml (EX-101.DEF) — 16KB
• nly-20241231_lab.xml (EX-101.LAB) — 31KB
• nly-20241231_pre.xml (EX-101.PRE) — 17KB
• nly-20241231_htm.xml (XML) — 6KB

01 Other Events

Item 8.01 Other Events. On December 31, 2024, the Board of Directors of Annaly Capital Management, Inc. (the "Company") authorized a new common share repurchase program and a new preferred share repurchase program, each of which shall expire on December 31, 2029. Under the common share repurchase program, the Company may repurchase up to $1.5 billion of its outstanding shares of common stock. Under the preferred share repurchase program, the Company may repurchase up to an aggregate of 63,500,000 shares of its preferred stock, comprised of up to (i) 28,800,000 shares of its 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, (ii) 17,000,000 shares of its 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, and (iii) 17,700,000 shares of its 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share. The new common share repurchase program and the new preferred share repurchase program replace the Company's existing common share and preferred share repurchase programs, each of which expired on December 31, 2024. The new authorizations do not obligate the Company to acquire any particular amount of common stock or preferred stock and each program may be suspended or discontinued at the Company's discretion without prior notice.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ANNALY CAPITAL MANAGEMENT, INC. (REGISTRANT) By: /s/ Anthony C. Green Name: Anthony C. Green Title: Chief Corporate Officer & Chief Legal Officer Dated: January 2, 2025

View Full Filing

View this 8-K filing on SEC EDGAR