NEW YORK--(BUSINESS WIRE)--
In accordance with the terms of the 7.875% Series A Cumulative
Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly
Capital Management, Inc. (NYSE:NLY) (“Annaly”), the Board of Directors
of Annaly has declared a Series A Preferred Stock cash dividend for the
third quarter 2014 of $0.492188 per share of Series A Preferred Stock.
This dividend is payable on September 30, 2014, to Series A Preferred
Stock shareholders of record as of September 2, 2014.
In accordance with the terms of Annaly’s 7.625% Series C Cumulative
Redeemable Preferred Stock (“Series C Preferred Stock”), the Board of
Directors of Annaly has declared a Series C Preferred Stock cash
dividend for the third quarter 2014 of $0.476563 per share of Series C
Preferred Stock. This dividend is payable on September 30, 2014 to
Series C Preferred Stock shareholders of record as of September 2, 2014.
In accordance with the terms of Annaly’s 7.50% Series D Cumulative
Redeemable Preferred Stock (“Series D Preferred Stock”), the Board of
Directors of Annaly has declared a Series D Preferred Stock cash
dividend for the third quarter 2014 of $0.46875 per share of Series D
Preferred Stock. This dividend is payable on September 30, 2014 to
Series D Preferred Stock shareholders of record as of September 2, 2014.
Annaly’s principal business objective is to generate net income for
distribution to its shareholders from its investments. Annaly is a
Maryland corporation that has elected to be taxed as a real estate
investment trust (“REIT”). Annaly is managed and advised by Annaly
Management Company LLC.
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements which are
based on various assumptions (some of which are beyond our control) and
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 and other securities for
purchase; the availability of financing and, if available, the terms of
any financings; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow the
commercial mortgage business; credit risks related to our investments in
commercial real estate assets and corporate debt; our ability to
consummate any contemplated investment opportunities; changes in
government regulations affecting our business; our ability to maintain
our qualification as a REIT for federal income tax purposes; our ability
to maintain our exemption from registration under the Investment Company
Act of 1940, as amended; risks associated with the businesses of our
subsidiaries, including the investment advisory business of a
wholly-owned subsidiary and the broker-dealer business of a wholly-owned
subsidiary. 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.
Annaly Capital Management, Inc.
Investor Relations
1- (888)
8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.