secwatch.observer — SEC 8-K summary
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Issuer:     ANNALY CAPITAL MANAGEMENT INC (NLY)
CIK:        0001043219
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001193125-25-175436
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043219/000119312525175436/0001193125-25-175436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043219/000119312525175436/d73706d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-175436

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