Annaly Capital Management 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Issued  6/20/2019

Shares Issued  16,000,000 Overallotment Shares 2,400,000

Security Ticker Symbol   NLY-I  OTC Temp Ticker – ACAXP


Market Traded On   NYSE

Dividend Payment Paid on the last day March, June, September and December beginning on 9/30/2019

Quarterly Dividend   .4219  Annual Dividend   1.6875

Beginning 6/30/2024 the coupon will float at the rate of 3 month Libor plus a fixed spread of 4.989%

Securities may be redeemed, at the issuers option, as early as 3/30/2024 for a redemption price of $25/share plus accrued dividends.


Dividend Payment Will NOT BE  a Qualified Distribution–preferred stock of REITs do not pay qualified dividends.

Maturity Date   None

Company Investor Relations Page for Annaly Capital Management

Click here to find the offering Prospectus and/or Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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