NLY-I Annaly Capital 6.750% Series I Fixed-to-Floating Rate Cumulative Preferred

Cumulative cash dividends (i) from and including the original issue date to, but excluding, June 30, 2024 at a fixed rate equal to 6.750% per annum of the $25.00 per share liquidation preference (equivalent to $1.6875 per annum per share) and (ii) from and including June 30, 2024, at a floating rate equal to three-month LIBOR plus a spread of 4.989% per annum of the $25.00 per share liquidation preference. Dividends will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, when and as authorized and declared, beginning on September 30, 2019 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series I Preferred Stock. On or after June 30, 2024, we may, at our option, subject to certain procedural requirements, redeem any or all of the shares of the Series I Preferred Stock for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date.   This security was issued by Annaly Capital Management Inc, whose common stock symbol is NLY.

$25.79  +0.02 (0.08%)
As of 10/20/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  06/21/2019
Outstanding shares:  16,000,000
Average volume:  39,482
Market cap:   $412,320,000
Current dividend yield:  6.55%    calculation
Initial coupon rate:    6.750%
Spread to LIBOR: 0.049890
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   06/30/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    035710847
ISIN:        US0357108473
Sedol:      BK4QDZ9

2021 © Stock Market MBA, Inc. Terms of use | Privacy policy