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Annaly Capital Management, Inc. Announces Preferred Dividends

1. Annaly declares dividends for Series F, G, and I Preferred Stocks. 2. Dividends reflect fixed-to-floating rates based on CME Term SOFR. 3. Preferred shareholders will receive payments on March 31, 2025. 4. Dividends support Annaly's objective to generate net income for stockholders. 5. Overall market conditions could influence future financial strategies and returns.

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FAQ

Why Bullish?

Stable dividends reinforce investor confidence, potentially increasing stock attractiveness. Annaly's dividends signify strong cash flow management, a positive indicator historically correlating with stock performance.

How important is it?

Dividends are crucial for REIT investors, significantly impacting stock valuation and investment decisions. A solid dividend announcement often boosts investor sentiment and potentially stock price.

Why Short Term?

Immediate dividend announcements often influence short-term stock price movements. Past patterns show initial positivity following dividend declarations.

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NEW YORK--(BUSINESS WIRE)--In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), the Board has declared a Series F Preferred Stock cash dividend for the first quarter of 2025 of $0.598962 per share of Series F Preferred Stock, which reflects a rate of 9.58339%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%. In accordance with the terms of Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the first quarter of 2025 of $0.547649 per share of Series G Preferred Stock, which reflects a rate of 8.76239%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.172%. In accordance with the terms of Annaly’s 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series I Preferred Stock”), the Board has declared a Series I Preferred Stock cash dividend for the first quarter of 2025 of $0.598712 per share of Series I Preferred Stock, which reflects a rate of 9.57939%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.989%. Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on March 31, 2025 to preferred shareholders of record as of March 3, 2025. About Annaly Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com. Forward-Looking Statements 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,” “should,” “estimate,” “project,” “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 financing; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow our residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940; and operational risks or risk management failures by us or critical third parties, including cybersecurity incidents. 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. The Company does not undertake, and specifically disclaims 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, except as required by law.

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