In accordance with the terms of Annaly's 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock, the Board has declared a Series G Preferred Stock cash dividend for the third quarter of 2018 of USD 0.40625 per share of Series G Preferred Stock.
If mandatorily redeemable
preferred stock is treated as an equity instrument, the dividends are not deducted in determining the issuer's net income, although, like all preferred dividends, they are deducted to determine income available for common-stock holders.
Accordingly, the company's 7.625% series C will pay a cash dividend of USD0.476563 per share; 7.50% series D will pay USD0.46875 per share; 6.95% series F will pay USD0.434375 per share, all cumulative redeemable
preferred stock; and 6.50% series G fixed-to-floating rate cumulative redeemable
preferred stock will pay USD0.40625 per share.
The company intends to use the net proceeds of this offering to redeem some or all of the shares of its 8.75% Series A Cumulative Redeemable
Perpetual Preferred Stock and 8.50% Series F Cumulative Redeemable
Perpetual Preferred Stock outstanding and to use any remaining net proceeds for other general corporate purposes.
Annaly Capital Management Inc's (NYSE:NLY) board of directors authorised 7.625% series C cumulative redeemable
preferred stock cash dividend of USD0.476563 per share for the fourth quarter of 2018, the company revealed on Friday.
In accordance with the terms of the 7.875% Series A Cumulative Redeemable
Preferred Stock of Annaly Capital Management, Inc.