Annaly Capital Management, Inc. Announces Public Offering of Common Stock
17 Juli 2017 - 10:09PM
Business Wire
Annaly Capital Management, Inc. (NYSE:NLY) (the “Company” or
“Annaly”) today announced that it intends to make a public offering
of 60,000,000 shares of common stock.
In connection with the offering, Annaly intends to grant the
underwriters a thirty-day option to purchase up to an additional
9,000,000 shares of common stock.
Annaly intends to use the net proceeds of this offering to
acquire targeted assets under the Company’s capital allocation
policy, which may include further diversification of its
investments in Agency assets as well as residential, commercial and
corporate credit assets. These investments include, without
limitation, residential credit assets (including residential
mortgage loans), middle market corporate loans, Agency MBS pools,
to-be-announced forward contracts, adjustable rate mortgages,
commercial real estate loans and securities and mortgage servicing
rights. Annaly also intends to use the net proceeds for general
corporate purposes, including, without limitation, to pay down
liabilities and other working capital items.
Credit Suisse, BofA Merrill Lynch, Goldman Sachs & Co. LLC,
J.P. Morgan and Wells Fargo Securities are acting as joint
book-running managers for the offering. JMP Securities and Sandler
O’Neill + Partners, L.P. are acting as co-managers for the
offering. The underwriters propose to offer the shares of common
stock for sale from time to time in negotiated transactions or
otherwise, at market prices prevailing at the time of sale, at
prices related to such prevailing market prices or at negotiated
prices.
Annaly has filed a shelf registration statement and prospectus
with the Securities and Exchange Commission (SEC), and has filed a
prospectus supplement for the offering to which this communication
relates. Before you invest in the offering, you should read the
prospectus supplement and the accompanying prospectus and other
documents Annaly has filed with the SEC for more complete
information about Annaly and the offering. You may obtain these
documents for free by visiting EDGAR on the SEC website at
http://www.sec.gov. Alternatively, Annaly, the underwriters or any
dealer participating in the offering will arrange to send you the
prospectus supplement and accompanying prospectus if you request
them by contacting:
Credit Suisse Securities (USA) LLCAttn: Prospectus Dept.One
Madison Ave.New York, NY 10010Telephone: (800) 221-1037
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Annaly
Annaly is a leading diversified capital manager that invests in
and finances residential and commercial assets. Annaly’s principal
business objective is to generate net income for distribution to
its stockholders and to preserve capital through the prudent
selection of investments and continued management of its portfolio.
Annaly has elected to be taxed as a real estate investment trust,
or REIT, for federal income tax purposes. Annaly is externally
managed by Annaly Management Company LLC.
Forward-Looking Statements
This news release and our public documents to which we refer
contain or incorporate by reference certain forward-looking
statements which are based on various assumptions (some of which
are beyond our control) and may be identified by reference to a
future period or periods or by the use of forward-looking
terminology, such as “may,” “will,” “believe,” “expect,”
“anticipate,” “continue,” or similar terms or variations on those
terms or the negative of those 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, changes in
interest rates; changes in the yield curve; changes in prepayment
rates; the availability of mortgage-backed securities and other
securities for purchase; the availability of financing and, if
available, the terms of any financings; changes in the market value
of our assets; changes in business conditions and the general
economy; our ability to grow our commercial business; our ability
to grow our residential mortgage credit business; credit risks
related to our investments in credit risk transfer securities,
residential mortgage-backed securities and related residential
mortgage credit assets, commercial real estate assets and corporate
debt; risks related to investments in mortgage servicing rights and
ownership of a servicer; our ability to consummate any contemplated
investment opportunities; changes in government regulations
affecting our business; our ability to maintain our qualification
as a REIT for U.S. federal income tax purposes; and our ability to
maintain our exemption from registration under the Investment
Company Act of 1940, as amended. For a discussion of the risks and
uncertainties which 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 any subsequent
Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the
result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements, except as required by law.
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Annaly Capital Management, Inc.Investor
Relations1-888-8Annalyinvestor@annaly.com
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