NEW YORK–(BUSINESS WIRE)–In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series F Preferred Stock), the Board has declared a Series F Preferred Stock cash dividend for the second quarter of 2024 of $0.659783 per share of Series F Preferred Stock, which reflects a rate of 10.55652%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%.
In accordance with the terms of Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series G Preferred Stock), the Board has declared a Series G Preferred Stock cash dividend for the second quarter of 2024 of $0.628752 per share of Series G Preferred Stock, which reflects a rate of 9.73552%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.172%.
In accordance with the terms of Annaly’s 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series I Preferred Stock), the Board has declared a Series I Preferred Stock cash dividend for the second quarter of 2024 of $0.421875 per share of Series I Preferred Stock.
Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on June 28, 2024 to preferred shareholders of record as of June 3, 2024.
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent 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. Additional information on the company can be found at www.annaly.com.
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Forward-Looking Statements
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