Annaly issues 11M shares of 8.875% Series J Preferred Stock, raising ~$275M

ANNALY CAPITAL MANAGEMENT INC

Series J pays 8.875% fixed annual dividend on $25 liquidation preference ($2.21875/share).
Quarterly dividends begin Dec 31, 2025; payable last day of March, June, September, December.
No redemption before Sep 30, 2030 except for REIT qualification or change of control.
Preferred ranks senior to common stock; limited voting rights if dividends unpaid for 6+ quarters.
Underwriters exercised option for 1M additional shares; total 11M shares closed Aug 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ANNALY CAPITAL MANAGEMENT INC: Filed Articles Supplementary to classify and designate Series J Fixed-Rate Cumulative Redeemable Preferred Stock (effective 2025-08-06).

Change: charter amendment
Effective: 2025-08-06

Exact text from the filing

On August 6, 2025, Annaly Capital Management, Inc. (the “Company”) filed, with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”), Articles Supplementary (the “Series J Articles Supplementary”) to the charter of the Company classifying and designating 11,500,000 shares of the Company’s authorized common stock, par value $0.01 per share (“Common Stock”), as its 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock

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263 governance changes filed in the last 30 days. Browse all governance changes →

ANNALY CAPITAL MANAGEMENT INC filing history →

Source: SEC EDGAR

accession 0001193125-25-175436

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