Annaly Capital Management, Inc. Authorizes New Share Repurchase Programs

Summary

On December 31, 2024, Annaly Capital Management, Inc.'s Board of Directors authorized new common and preferred share repurchase programs, replacing the existing ones that expired on the same date. The new common share repurchase program allows for the repurchase of up to $1.5 billion of the company's outstanding common stock, while the preferred share repurchase program permits the repurchase of up to 63,500,000 shares of its preferred stock, comprising 28,800,000 shares of 6.95% Series F, 17,000,000 shares of 6.50% Series G, and 17,700,000 shares of 6.75% Series I. Both programs are set to expire on December 31, 2029, and can be suspended or discontinued at the company's discretion without prior notice.