Annaly Capital (NYSE: NLY) calls all 6.75% Series I preferred
Rhea-AI Filing Summary
Annaly Capital Management, Inc. (NLY) announced it will redeem all 17,700,000 shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock at a cash redemption price of $25.00 per share, with payment to be made on October 1, 2026.
Dividends on the Series I preferred will be declared and paid through September 30, 2026; on the Redemption Date, dividends will cease to accumulate and all rights associated with the Series I shares will terminate except the right to receive the redemption amount upon surrender to the paying agent.
Positive
- None.
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- None.
Filing Explained
The redemption has been announced and notices mailed, but payment requires Series I holders to deliver and surrender their shares to Computershare during normal business hours to receive
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Series I Preferred Shares Redeemed: 17,700,000 shares
Redemption Price per Series I Share: $25.00 per share
Series I Dividend Rate: 6.750%
+3 more
6 metrics
Series I Preferred Shares Redeemed
17,700,000 shares
All issued and outstanding 6.750% Series I preferred shares to be redeemed
Redemption Price per Series I Share
$25.00 per share
Cash redemption amount for each Series I preferred share
Series I Dividend Rate
6.750%
Coupon on Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Redemption Date
October 1, 2026
Date on which redemption amount becomes payable and rights terminate
Dividend Accrual End Date
September 30, 2026
All accrued dividends on Series I preferred paid through this date
Company Phone (Investor Contact)
1-888-8Annaly
Investor relations contact number provided by the company
Key Terms
Fixed-to-Floating Rate, Cumulative Redeemable Preferred Stock, Redemption Date, Notice of Redemption, +1 more
5 terms
Fixed-to-Floating Rate financial
"6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock"
A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.
Cumulative Redeemable Preferred Stock financial
"6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock"
Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.
Redemption Date financial
"will be paid on October 1, 2026 (the “Redemption Date”)"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
Notice of Redemption financial
"provided notice to the record holders (the “Notice of Redemption”)"
A notice of redemption is a formal announcement from a bond or preferred-stock issuer that it will repay and retire those securities on a specified date and at a specified price, telling holders which issues will be called and when. It matters to investors because it changes the timing and amount of expected cash flows—like a store buying back a gift card early, you get your money sooner but may lose future income and must find a new place to reinvest.
real estate investment trust financial
"has elected to be taxed as a real estate investment trust, or REIT"
A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.
FAQ
When is the redemption date for Annaly (NLY) Series I preferred stock?
The Redemption Date for Annaly (NLY) Series I preferred stock is October 1, 2026. On that date, dividends on the Series I preferred will stop accruing and all rights attached to the shares will terminate, other than the right to receive the stated cash redemption amount.
Will there be unpaid dividends on Annaly (NLY) Series I preferred at redemption?
No. Annaly (NLY) states it has declared and will have paid all accrued dividends on the Series I preferred through September 30, 2026. As a result, there will be no accrued and unpaid dividends outstanding on the October 1, 2026 Redemption Date.
What happens to Annaly (NLY) Series I preferred holder rights on the Redemption Date?
On the Redemption Date, all rights relating to Annaly (NLY) Series I preferred shares will terminate, except the right to receive the $25.00 per-share redemption amount. Dividends will cease to accumulate from that date once payment conditions, including surrender of shares, are satisfied.
Who is the paying agent for Annaly (NLY) Series I preferred redemption?
Annaly (NLY) has appointed Computershare Inc. as the redemption and paying agent for the Series I preferred. Payment of the redemption amount will be made only upon delivery and surrender of shares to Computershare at the address and during business hours specified in the mailed Notice of Redemption.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (212 ) 696-0100
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On August 19, 2026, Annaly Capital Management, Inc. (the “Company”) issued a press release (the “Press Release”) announcing the redemption of preferred shares set forth under Item 8.01 of this Current Report on Form 8-K. The Company hereby furnishes the information set forth in the Press Release attached hereto as Exhibit 99.1, which is incorporated herein by reference.
The Press Release is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On August 19, 2026, the Company announced that it will redeem all 17,700,000 of its outstanding shares of 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series I Preferred Stock”), at a redemption price per share of Series I Preferred Stock of $25.00, with such redemption price to be paid on October 1, 2026 (the “Redemption Date”). As the Company has declared and will have paid all accrued dividends with respect to the Series I Preferred Stock through September 30, 2026, there will be no accrued and unpaid dividends (whether or not authorized or declared) on the Redemption Date.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |||||||
99.1 | Press Release, dated August 19, 2026 | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ANNALY CAPITAL MANAGEMENT, INC. | ||||||||||||||
By: | /s/ Serena Wolfe | |||||||||||||
Name: Serena Wolfe | ||||||||||||||
Title: Chief Financial Officer | ||||||||||||||
Dated: August 19, 2026
Annaly Capital Management, Inc. Announces Redemption of all 17,700,000 Outstanding Shares of 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
NEW YORK--(BUSINESS WIRE) (August 19, 2026) Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today provided notice to the record holders (the “Notice of Redemption”) of the Company’s 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series I Preferred Stock”) of the redemption of all 17,700,000 of the issued and outstanding shares of Series I Preferred Stock. The cash redemption amount (the “Redemption Amount”) for each share of Series I Preferred Stock is $25.00 and will be paid on October 1, 2026 (the “Redemption Date”).
On the Redemption Date, dividends on the Series I Preferred Stock will cease to accumulate and all rights relating to the Series I Preferred Stock will terminate, except the right to receive the Redemption Amount. As the Company has declared and will have paid all accrued dividends with respect to the Series I Preferred Stock through September 30, 2026, there will be no accrued and unpaid dividends (whether or not authorized or declared) on the Redemption Date. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series I Preferred Stock to Computershare Inc., the Company’s redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption.
The Notice of Redemption and related materials were mailed today to holders of record of the Series I Preferred Stock. Questions relating to the Notice of Redemption and related materials should be directed to Computershare Inc. at 1-800-301-5234.
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.
Forward-Looking Statements
This news release and our public documents to which we refer contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s beliefs and expectations, speak only as of the date on which they were made, and are subject to significant risks and uncertainties. Actual results could differ materially from those set forth in forward-looking statements. Factors that could cause actual results to differ from those
contained in the forward-looking statements can be found in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Annaly undertakes no obligation to update or revise any forward-looking statements.
Contact
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
investor@annaly.com
Investor Relations
1-888-8Annaly
investor@annaly.com
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