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Buy (2.80 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, April 20, 6:08 AM
Slide #252. Annaly Capital Management, Inc. — Preferred Stock Offering
| Company: |
Annaly Capital Management, Inc. (NYSE:NLY) |
| Date announced: |
7/25/2017 |
| Shares Offered: |
28,000,000 |
| Date of Pricing: |
7/25/2017 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Annaly Capital Management, Inc. (NYSE:NLY), a Maryland corporation, ("Annaly" or the "Company") today announced that it has priced a public offering of an original issuance of 28 million shares of its 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $700 million before deducting the underwriting discount and other estimated offering expenses. The offering is subject to customary closing conditions and is expected to close on or about July 31, 2017. The Company intends to apply to list the Series F Preferred Stock on the New York Stock Exchange under the symbol "NLYPrF." In connection with the offering, Annaly has granted the underwriters a thirty-day option to purchase up to an additional 4.2 million shares of Series F Preferred Stock solely to cover over-allotments. |
Annaly Capital Management is an internally-managed real estate investment trust. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group. Preferreds: NLY.PRA, NLY.PRC, NLY.PRE, NLY.PRD, NLY.PRF, NLY.PRG, NLY.PRI
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| Name: |
Annaly Capital Management Inc |
| Website: |
www.annaly.com |
| Sector: |
REITs |
| Number of ETFs Holding NLY: |
69 (see which ones) |
| Total Market Value Held by ETFs: |
$1,679,587,200.41 |
| Total Market Capitalization: |
$8,942,000,000 |
| % of Market Cap. Held by ETFs: |
18.78% |
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