Annaly Capital Management Inc. Announces Issuance of 8.875% Series J Preferred Stock

Summary

On August 6, 2025, Annaly Capital Management Inc. announced the issuance of 11,000,000 shares of its new 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock, with an initial public offering closing on August 7, 2025. The Series J Preferred Stock includes a fixed dividend rate of 8.875% per annum and is subject to specific redemption and conversion terms. The Series J Articles Supplementary and the Underwriting Agreement are filed as exhibits to this 8-K report.