NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) today announced that it
intends to make a public offering of shares of an original issuance of
Series D Cumulative Redeemable Preferred Stock, liquidation preference
$25.00 per share. Annaly intends to grant the underwriters of the Series
D Preferred Stock a 30 day option to purchase additional shares of
Series D Preferred Stock solely to cover over-allotments.
Annaly expects to use the proceeds of this offering to purchase
mortgage-backed securities for its investment portfolio and for general
corporate purposes, which may include the retirement of its long-term
indebtedness, additional investments and repayment of short term
indebtedness.
Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, UBS Securities LLC, J.P. Morgan Securities LLC and RBC
Capital Markets, LLC are acting as the joint book-running managers for
the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC,
Deutsche Bank Securities Inc. and Stifel, Nicolaus & Company,
Incorporated are acting as co-managers for the offering.
Annaly has filed a shelf registration statement and prospectus with the
Securities and Exchange Commission (SEC), and will file a prospectus
supplement for the offering to which this communication relates. Before
you invest, you should read the prospectus supplement and the
accompanying prospectus and other documents Annaly has filed with the
SEC for more complete information about Annaly and this offering. You
may obtain these documents for free by visiting EDGAR on the SEC Web
site at http://www.sec.gov.
Alternatively, Annaly, the underwriters or any dealer participating in
the offering will arrange to send you the prospectus supplement and
accompanying prospectus if you request them by contacting:
Morgan Stanley
Attention: Prospectus Dept.
180 Varick Street
2nd
Floor
New York, NY 10014
Telephone: (866) 718-1649
Email: [email protected]
Merrill Lynch, Pierce, Fenner & Smith Incorporated
4 World
Financial Center
New York, NY 10080
Attention: Prospectus
Department
e-mail [email protected]
UBS Securities LLC
299 Park Avenue
New York, NY 10171
Attn:
Prospectus Department
J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY
10179
Attn: Investment Grade Syndicate Desk
RBC Capital Markets, LLC
Attn: Prospectus Department
3 World
Financial Center
200 Vesey Street, 8th Floor
New York, New
York 10281-8098
Toll-free number: (877) 822-4089
The shares will be issued pursuant to the shelf registration statement
that was previously filed with the SEC. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy the
shares. An offering of the shares will be made only by means of a
prospectus supplement and accompanying prospectus. The prospectus
supplement and the accompanying prospectus shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Statements in this press release contain "forward looking" information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements
involve a number of risks and uncertainties. Those factors include
conditions in the financial markets and customary offering closing
conditions. Please see Annaly’s filing with the SEC for certain other
factors that may affect forward-looking information.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
Source: Annaly Capital Management, Inc.