NEW YORK, September 08, 2022–(Business WIRE)–Annaly Cash Administration, Inc. (NYSE: NLY) (the “Enterprise” or “Annaly”) announced right now that its Board of Administrators declared the third quarter frequent stock dividend and has unanimously authorised a reverse inventory break up of the Company’s typical stock at a ratio of 1-for-4.

3rd Quarter Typical Inventory Dividend

The Board of Administrators of the Company declared the 3rd quarter 2022 prevalent inventory cash dividend of $.88 for each share of the Company’s widespread stock (maintaining the Company’s dividend of $.22 for each share before the reverse inventory split, modified for the 1-for-4 reverse inventory break up). This dividend is payable Oct 31, 2022, to widespread stockholders of report on September 30, 2022 (based on the range of shares of prevalent inventory held by every single stockholder on such day after offering effect to the reverse inventory split). The ex-dividend date is September 29, 2022.

1-for-4 Reverse Inventory Break up

The reverse stock break up is envisioned to get result pursuing the close of business on September 23, 2022 (the “Efficient Time”). Appropriately, at the Helpful Time, each individual four issued and remarkable shares of the Company’s common stock will be transformed into a person share of the Company’s prevalent stock. The Company’s common inventory is envisioned to get started buying and selling on the New York Stock Trade on a publish-reverse inventory break up basis commencing on September 26, 2022, less than a new CUSIP quantity: 035710839.

The Business is implementing the reverse stock split with the goal of decreasing Annaly’s variety of shares of popular inventory superb to additional closely align with the selection of popular shares fantastic for providers of a equivalent market capitalization. As a final result of the reverse inventory break up, the number of superb shares of Annaly’s common inventory will be reduced from approximately 1.8 billion to around 445 million. On top of that, the Corporation believes the reverse stock split will make the widespread stock more attractive to a broader vary of buyers, which has the likely to lower share rate volatility around time.

No fractional shares will be issued in connection with the reverse stock split. As a substitute, every stockholder that would keep fractional shares as a end result of the reverse stock split will be entitled to acquire, in lieu of this sort of fractional shares, income in an quantity based on the closing rate of the Firm’s typical inventory on the New York Stock Trade on September 23, 2022. The reverse stock split will utilize to all of the Company’s exceptional shares of widespread stock and consequently will not have an impact on any stockholder’s ownership percentage of shares of the Company’s typical stock, besides for de minimis adjustments resulting from the payment of money in lieu of fractional shares. Stockholders of history will be receiving facts from Computershare Have confidence in Organization, N.A., the Company’s transfer agent (“Computershare”), about their inventory possession next the reverse inventory split and, if applicable, payments of cash in lieu of fractional shares.

Stockholders with certificated shares of common stock will get a letter of transmittal from Computershare with guidance on how to surrender certificates representing pre-reverse inventory break up shares, which will develop into e book-entry shares submit-reverse inventory split. Stockholders really should not send in their pre-reverse inventory split certificates right until they receive a letter of transmittal (which will also include a shed securities affidavit with respect to any certification that are not able to be found) from Computershare. In order to get new shares of the Company’s frequent inventory, dollars payments in lieu of fractional shares, and any upcoming dividends or distributions the Company might declare with a report day soon after the Successful Time of the reverse stock break up, stockholders must return these certificated shares of popular inventory or a dropped securities affidavit. Stockholders with ebook-entry shares or who maintain their shares by way of a lender, broker, or other nominee will not want to choose any action.

About Annaly

Annaly is a leading diversified cash manager with financial investment strategies across mortgage loan finance. Annaly’s principal enterprise goal is to produce internet income for distribution to its stockholders and to enhance its returns through prudent administration of its diversified financial investment tactics. Annaly is internally managed and has elected to be taxed as a true estate expenditure rely on, or REIT, for federal income tax purposes.

Forward-On the lookout Statements

This information release and our community files to which we refer incorporate or incorporate by reference specific ahead-seeking statements which are primarily based on numerous assumptions (some of which are past our handle) and may well be determined by reference to a long run period or intervals or by the use of ahead-on the lookout terminology, this kind of as “could,” “will,” “must,” “estimate,” “project,” “believe that,” “assume,” “anticipate,” “continue on,” or similar phrases or variations on those people conditions or the adverse of all those phrases. True final results could differ materially from those set forth in forward-looking statements owing to a selection of variables, like, but not minimal to, dangers and uncertainties similar to the COVID-19 pandemic, such as as similar to adverse financial ailments on serious estate-linked belongings and financing situations (and our outlook for our small business in light-weight of these situations, which is unsure) adjustments in curiosity costs changes in the yield curve changes in prepayment premiums the availability of mortgage-backed securities and other securities for purchase the availability of financing and, if offered, the phrases of any financing variations in the market benefit of our assets changes in business situations and the common financial state operational dangers or danger administration failures by us or important third parties, like cybersecurity incidents our ability to increase our household credit small business credit hazards related to our investments in credit rating risk transfer securities, residential home loan-backed securities, and linked residential mortgage loan credit history belongings dangers related to investments in mortgage servicing rights our capability to consummate any contemplated financial investment options alterations in govt rules or coverage affecting our small business our skill to keep our qualification as a REIT for U.S. federal cash flow tax reasons and our capacity to manage our exemption from registration beneath the Financial commitment Corporation Act. For a discussion of the challenges and uncertainties which could trigger real benefits to differ from individuals contained in the ahead-wanting statements, see “Threat Variables” in our most recent Annual Report on Kind 10-K and any subsequent Quarterly Reports on Type 10-Q. The Firm does not undertake, and specifically disclaims any obligation, to publicly launch the final result of any revisions which could be built to any ahead-searching statements to mirror the prevalence of expected or unanticipated activities or conditions after the date of these kinds of statements, apart from as required by law.

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Annaly Funds Management, Inc.
Investor Relations
[email protected]