other material
confidence high
sentiment neutral
materiality 0.75
Annaly Capital enters into ATM equity program to sell up to $1.5B of common stock
ANNALY CAPITAL MANAGEMENT INC
- Up to $1.5B of common stock may be sold at-the-market through 11 sales agents including Barclays, Goldman Sachs, J.P. Morgan.
- Commission to each agent will not exceed 1.25% of gross sales price per share.
- Program effective September 20, 2024; shares issued under existing shelf registration statement.
- Company retains discretion over timing and amount of sales, no obligation to sell any shares.