Annaly Capital Management 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 7/24/2017
Shares Issued 28,000,000 Overallotment Shares 4,200,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol NLY-F OTC Temp Ticker – ANNPP
Market Traded On NYSE
Dividend Payment Paid on the last day March, June, September and December beginning on 12/31/2017
Quarterly Dividend .434 Annual Dividend 1.738
Beginning 9/30/2022 the coupon will float at the rate of 3 month Libor plus a fixed base of 4.993%
Securities may be redeemed, at the issuers option, as early as 9/30/2022 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