NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) announced at its Annual
Meeting of Stockholders that the Annual Meeting of Stockholders has been
adjourned with respect to Proposal No. 2, a proposal to amend its
charter to increase the number of authorized shares of capital stock to
2,000,000,000 shares. As of May 26, 2011, approximately 45% of the
Company’s outstanding shares had been voted on this proposal, and of
these shares, approximately 70% had been voted in favor of the charter
amendment. “Given that our voting stockholders are strongly in favor of
the charter amendment, we believe it is important that stockholders who
have yet to vote be provided additional time to vote,” stated Michael
A.J. Farrell, the Chairman, Chief Executive Officer and President of
Annaly. “We encourage those stockholders who have yet to vote to vote
‘for’ the proposal.”
The meeting is being adjourned to provide Annaly with additional time to
solicit proxies from its stockholders with respect to Proposal No. 2.
During the pendency of the adjourned meeting, stockholders are
encouraged to vote on Proposal No. 2. Stockholders may also change their
vote for Proposal No. 2 by executing a new proxy, revoking a previously
given proxy or attending the meeting and voting in person, as set forth
in Annaly’s proxy statement.
The results of the stockholder votes on the other proposals which were
considered and voted upon at the Annual Meeting will be released in a
separate 8-K filing.
The adjournment with respect to Proposal No. 2 will be until 10:00 a.m.,
New York time, on Thursday, June 23, 2011 at New York Marriott Marquis,
1535 Broadway, New York, New York 10036. At that meeting, a stockholder
vote on Proposal 2 regarding the charter amendment will take place.
Annaly previously filed a proxy statement with the Securities and
Exchange Commission (the “SEC”) on April 11, 2011 pursuant to which
Annaly is soliciting proxies in connection with Proposal No. 2.
Stockholders are urged to read the proxy statement and other relevant
documents filed with the SEC.
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements which are based on various assumptions (some
of which are beyond our control) may be identified by reference to a
future period or periods or by the use of forward-looking terminology,
such as "may," "will," "believe," "expect," "anticipate," "continue," or
similar terms or variations on those terms or the negative of those
terms. Actual results could differ materially from those set forth in
forward-looking statements due to a variety of factors, including, but
not limited to, changes in interest rates, changes in the yield curve,
changes in prepayment rates, the availability of mortgage-backed
securities for purchase, the availability of financing and, if
available, the terms of any financing, changes in the market value of
our assets, changes in business conditions and the general economy,
changes in government regulations affecting our business, our ability to
maintain our qualification as a REIT for federal income tax purposes,
risks associated with the broker-dealer business of our subsidiary, and
risks associated with the investment advisory business of our
subsidiaries, including the removal by clients of assets they manage,
their regulatory requirements and competition in the investment advisory
business. For a discussion of the risks and uncertainties which could
cause actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in our most recent Annual
Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.
We do not undertake, and specifically disclaim any obligation, to
publicly release the result of any revisions which may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
Source: Annaly Capital Management, Inc.