Annaly Capital Management 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 1/8/2018
Shares Issued 17,000,000 Overallotment Shares 2,550,000
Security Ticker Symbol NLY-G OTC Temp Ticker – ACMGP
Market Traded On NYSE
Dividend Payment Paid on the last day March, June, September and December beginning on 3/31/2018
Quarterly Dividend .406 Annual Dividend 1.625
Beginning 3/31/2023 the coupon will float at the rate of 3 month Libor plus a fixed base of 4.172%
Securities may be redeemed, at the issuers option, as early as 3/31/2023 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Will NOT BE a Qualified Distribution–Preferred Stock of REITs do not pay qualified dividends.
Maturity Date None
Company Investor Relations Page for Annaly Capital Management
Click here to find the offering Prospectus and/or Final Pricing Document
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