What changed
Annaly Capital Management will redeem all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on October 1, 2026. The cash redemption amount is $25.00 per share. Dividends on the Series I Preferred Stock will cease to accumulate on the redemption date, with no accrued and unpaid dividends remaining after September 30, 2026. Payment will be made upon surrender of shares to Computershare Inc.
Why it matters
Annaly Capital Management will redeem all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on October 1, 2026. The cash redemption amount is $25.00 per share. Dividends on the Series I Preferred Stock will cease to accumulate on the redemption date, with no accrued and unpaid dividends remaining after September 30, 2026. Payment will be made upon surrender of shares to Computershare Inc.