NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) today announced that it intends to make a public offering of shares of an original issuance of Series C Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share.
Annaly intends to grant the underwriters of the Series C Preferred Stock a 30 day option to purchase additional shares of Series C Preferred Stock solely to cover over-allotments. Annaly expects to use the proceeds of this offering to purchase mortgage-backed securities for its investment portfolio and for general corporate purposes, which may include the retirement of its long-term indebtedness, additional investments and repayment of short term indebtedness.
BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS Investment Bank are acting as the joint lead book-running managers for the offering. Barclays, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., RBC Capital Markets, Stifel Nicolaus Weisel and RCap Securities are acting as co-managers for the offering.
Annaly has filed a shelf registration statement and prospectus with the Securities and Exchange Commission (SEC), and will file a prospectus supplement for the offering to which this communication relates. Before you invest, 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 this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site 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:
| BofA Merrill Lynch |
| 4 World Financial Center |
| New York, NY 10080 |
| Attn: Prospectus Department |
| J.P. Morgan |
| c/o Broadridge Financial Solutions |
| 1155 Long Island Avenue |
| Edgewood, NY 11717 |
| Telephone: 1-866-803-9204 |
| Morgan Stanley |
| Attention: Prospectus Dept. |
| 180 Varick Street |
| 2nd Floor |
| New York, NY 10014 |
| Telephone: (866) 718-1649 |
|
Email: prospectus@morganstanley.com |
| UBS Investment Bank |
| Attention: Prospectus Department |
| 299 Park Avenue |
| New York, New York 10171 |
|
Telephone: (888) 827-6444, ext. 561 3884 |
The shares will be issued pursuant to the shelf registration statement that was previously filed with the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares. An offering of the shares will be made only by means of a prospectus supplement and accompanying prospectus. The prospectus supplement and the accompanying prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Statements in this press release contain "forward looking" information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve a number of risks and uncertainties. Those factors include conditions in the financial markets and customary offering closing conditions. Please see Annaly’s filing with the SEC for certain other factors that may affect forward-looking information.