Financing ·
Annaly raises $757M in equity and announces redemption of its $442.5M Series I preferred stock
NLY-PJAnnaly Capital Management Inc
Annaly Capital Management raised $757 million through its at-the-market sales program during the third quarter of 2026. The company also announced the redemption of all outstanding shares of its $442.5 million Series I fixed-to-floating rate cumulative redeemable preferred stock, which was redeemed on October 1, 2026. For the quarter ended September 30, 2026, Annaly reported earnings available for distribution of $0.80 per average common share and a book value per common share of $17.86. The company operates as an internally-managed real estate investment trust that invests in mortgage-backed securities, residential credit, and mortgage servicing rights.