Annaly Announces Redemption of All $442.5M 6.750% Series I Preferred Stock

Annaly Capital Management, Inc. announced it will redeem all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The total redemption value is approximately $442.5 million.

Key Details

• Security Redeemed: 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLY.I).
• Redemption Terms: All 17,700,000 outstanding shares will be redeemed at a price of $25.00 per share.
• Timeline: The redemption date is set for October 1, 2026. On this date, dividends on the Series I Preferred Stock will cease to accumulate.