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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 6:14 AM

Slide #403. Annaly Capital Management, Inc. Preferred Stock Offering

Company: Annaly Capital Management, Inc. (NYSE:NLY)
Underwriters: Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC
Shares Offered: 16,000,000
Date of Pricing: 9/6/2012
Closed Date: 9/6/2012
Preferred Stock Offering Details: Annaly Capital Management, Inc. announced that it intends to make a public offering of shares of an original issuance of Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share. Annaly intends to grant the underwriters of the Series D Preferred Stock a 30 day option to purchase additional shares of Series D Preferred Stock solely to cover over-allotments. --update 9/6/12 -- Annaly Capital Management, Inc. announced that it has priced a public offering of 16 million shares of its 7.50% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for gross proceeds of approximately $400 million. The offering is subject to customary closing conditions and is expected to close on or about September 13, 2012. In connection with the offering, Annaly has granted the underwriters an option for 30 days to purchase up to an additional 2.4 million shares of the Series D Preferred Stock to cover overallotments, if any.

Annaly Capital Management is a real estate finance company. Co. owns a portfolio of real estate related investments, such as collateralized mortgage obligations, Agency debentures, and mortgage servicing rights. Co.'s investment groups are comprised of agency, which invests in agency mortgage-backed securities and related derivatives; residential credit, which invests in non-agency mortgage-backed assets within securitized products and residential mortgage loan markets; commercial real estate, which invests in commercial mortgage loans, securities, and other commercial real estate investments; and middle market lending, which provides customized debt financing to middle-market businesses.


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Name: Annaly Capital Management Inc
Sector: REITs
Number of ETFs Holding NLY: 68 (see which ones)
Total Market Value Held by ETFs: $1,624,870,660
Total Market Capitalization: $12,883,000,000
% of Market Cap. Held by ETFs: 12.61%

Open the NLY Page at Ru Back Packer (in a new window) »

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