Financing ·
Annaly Capital Management reclassifies 17.7M redeemed Series I preferred shares as common stock
NLY-PJAnnaly Capital Management Inc
On October 1, 2026, Annaly Capital Management redeemed all 17,700,000 shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Subsequently, on October 2, 2026, the company filed Articles Supplementary with Maryland to reclassify and redesignate these redeemed preferred shares as common stock, par value $0.01 per share. As of October 2, 2026, no Series I Preferred Stock remained authorized or outstanding. Annaly Capital Management operates in the real estate investment trust (REIT) industry, specializing in the acquisition and management of mortgage-related assets.