Annaly Capital Management, Inc. Announces Public Offering of Common Stock

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NEW YORK, May 16, 2022–(BUSINESS WIRE)–Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) today announced its intention to make a public offering of 100,000,000 shares of common stock.

Under the offering, Annaly intends to grant the underwriters a thirty-day option to purchase up to an additional 15,000,000 common shares.

Annaly intends to use the net proceeds of this offering to acquire targeted assets within the framework of the Company’s capital allocation policy, which may include further diversification of its investments in the assets of the Agency. as well as in residential credit assets. These investments include, but are not limited to, agency MBS pools, to-be-announced futures, mortgage servicing rights, and residential credit assets (including residential mortgages). Annaly also intends to use the net proceeds for general corporate purposes, including, without limitation, to repay bonds and other working capital items.

Goldman Sachs & Co. LLC, Barclays, BofA Securities, JP Morgan, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint bookrunners and Loop Capital Markets and Roberts & Ryan are acting as co-managers of the offer.

The offering is being conducted pursuant to the Company’s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the offering and the accompanying prospectus may be obtained from the SEC. Before investing in the Offering, you should read the Prospectus Supplement and accompanying Prospectus and Annaly’s other filings with the SEC for more complete information about Annaly and the Offering. You can obtain these documents for free by visiting EDGAR on the SEC’s website at Alternatively, copies of these documents can be obtained by contacting:

Goldman Sachs & Co. LLC
For the attention of: Service Prospectus
200 West Street
New York, NY 10282
Phone: (866) 471-2526
Or by email: [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy common stock, and there will be no sale of such securities in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such jurisdiction.

About Annally

Annaly is a leading diversified capital manager with investment strategies in mortgage financing. Annaly’s primary business objective is to generate net income for distribution to its shareholders and to optimize its returns through the careful management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.

Forward-looking statements

This press release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements that are based on various assumptions (some of which are beyond our control) and can be identified by reference to one or more future periods or by the the use of forward-looking terminology, such as “may”, “will”, “believe”, “expect”, “anticipate”, “continue” or similar terms or variations of these terms or of the form negative of these terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including with respect to the conditions adverse economic real estate-related assets and financing conditions (and our business prospects in light of such conditions, which are uncertain); changes in interest rates; evolution of the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if applicable, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or failures in risk management by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our mid-market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage assets and corporate debt; risks relating to investments in mortgage servicing rights; our ability to complete all contemplated investment opportunities; changes in government regulations or policies affecting our business; our ability to maintain our qualification as a REIT for US federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Companies Act. For a discussion of risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent Annual Report on Form 10-K and all subsequent quarterly reports on Form 10- Q The Company does not undertake, and specifically disclaims any obligation, to publish the result of any revisions which may be made to forward-looking statements to reflect the occurrence of foreseen or unforeseen events or circumstances after the date of these statements, unless required by law.

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Annually Contact Investor

Annaly Capital Management, Inc.
Investor Relations
[email protected]