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Annaly Capital Management, Inc. reports developments tied to its mortgage REIT platform and diversified investment strategies across mortgage finance. The company is internally managed and has elected REIT tax status, with business activity centered on Agency mortgage-backed securities, Residential Credit investments in non-Agency residential whole loans and securitized products, and Mortgage Servicing Rights.
Recurring updates include quarterly financial results, portfolio allocation, leverage and hedge disclosures, securitization activity, Onslow Bay correspondent loan activity, and cash dividends on common stock and Series F, Series G and Series J preferred stock. Annaly also announces earnings-call schedules and investor materials associated with its financial reporting cycle.
Annaly Capital Management (NYSE: NLY) has priced a public offering of 100,000,000 shares of common stock, aiming for gross proceeds of approximately $665 million. The offering is expected to close around August 3, 2022, subject to customary conditions. Underwriters have a 30-day option to purchase an additional 15,000,000 shares. Proceeds will be used to acquire targeted assets, including Agency MBS pools and residential credit assets, as well as for general corporate purposes like paying down obligations.
Annaly Capital Management, Inc. (NYSE: NLY) announced a public offering of 100,000,000 shares of common stock, with an additional option for underwriters to purchase 15,000,000 shares. The net proceeds will be utilized to acquire targeted assets, including Agency MBS pools and residential credit assets, as well as for general corporate purposes. The offering follows a previously filed shelf registration statement with the SEC. Goldman Sachs, Barclays, and others are managing the offering.
Annaly Capital Management (NYSE: NLY) reported a GAAP net income of $0.55 per average common share for Q2 2022. Earnings available for distribution rose to $0.30 per share, marking a 7% increase from the prior quarter, with over 135% dividend coverage. Book value per share decreased to $5.90. Economic return for the quarter was a loss of 9.6%. The company maintained a leverage ratio of 5.4x and reported total assets of $82.3 billion. Annaly's Mortgage Servicing Rights grew by 41% to $1.7 billion. A quarterly cash dividend of $0.22 per share was declared.
Annaly Capital Management (NYSE:NLY) will release its financial results for Q2 2022 after market close on July 27, 2022. A conference call and audio webcast to discuss these results is scheduled for July 28, 2022, at 9:00 a.m. ET. Participants can pre-register for the call to obtain a unique PIN for immediate access, while those who haven't pre-registered can join on the same day by calling the provided numbers. Annaly seeks to generate net income for its stockholders through diversified investment strategies as a REIT.
Annaly Capital Management (NYSE: NLY) announced the resignation of director Katie Beirne Fallon, effective July 14, 2022, as she will join Fidelity Investments as Executive Vice President. Fallon, who joined Annaly's Board in January 2018 and chaired the Corporate Responsibility Committee, contributed significantly to the company's ESG initiatives. Following her departure, Annaly's Board will now have 10 directors, with 60% identified as women and/or racially/ethnically diverse. Annaly remains focused on generating net income and optimizing returns for its shareholders.
Annaly Capital Management (NYSE: NLY) released its third corporate responsibility report for 2021, titled Taking Stock of Our Impact. The report highlights the company's advancements in environmental, social, and governance (ESG) goals, emphasizing transparency. Key achievements include enhancements to executive compensation, improved parental leave, and climate-related disclosures. Notably, as of December 31, 2021, Annaly reported over $86 billion in residential housing investments, supporting more than 650,000 homes. The report is available for review on Annaly's website.
Annaly Capital Management (NYSE: NLY) has declared a common stock cash dividend of $0.22 per share for the second quarter of 2022. This dividend will be payable on July 29, 2022, to shareholders of record as of June 30, 2022, with the ex-dividend date set for June 29, 2022. Annaly, a diversified capital manager focusing on mortgage finance, aims to generate net income for its stakeholders through prudent investment strategies.
Annaly Capital Management (NYSE: NLY) has priced a public offering of 100 million shares of its common stock, seeking gross proceeds of approximately $645 million. The offering is expected to close on May 18, 2022, subject to customary conditions. The underwriters have the option to purchase an additional 15 million shares. The proceeds will be used to acquire targeted assets, enhance diversification in investments, and meet general corporate needs, including debt obligations.
Annaly Capital Management (NYSE: NLY) announced a public offering of 100 million shares of its common stock, with a 30-day option for underwriters to purchase an additional 15 million shares. The net proceeds will be used for acquiring targeted assets, including Agency MBS pools and residential credit assets, as well as general corporate purposes like paying down obligations. The offering is made under an effective shelf registration statement filed with the SEC, and several major financial institutions are involved as underwriters.
Annaly Capital Management has declared cash dividends for its preferred stock for Q2 2022. The Series F Preferred Stock will pay a dividend of $0.434375 per share, the Series G Preferred Stock $0.40625 per share, and the Series I Preferred Stock $0.421875 per share. These dividends are payable on June 30, 2022 to shareholders of record as of June 1, 2022. Annaly operates as a diversified capital manager focusing on mortgage finance, aiming to generate net income for shareholders.