Annaly Capital to redeem 17.7M Series I preferred shares at $25

Annaly Capital Management, Inc. (NYSE: NLY) has issued a notice of redemption for all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, according to a press release.

The redemption price is $25.00 per share, with payment scheduled for October 1, 2026. On that date, dividends on the Series I Preferred Stock will cease to accumulate and all related shareholder rights will terminate, except the right to receive the redemption payment.

The company stated that all accrued dividends through September 30, 2026 will have been declared and paid, meaning no unpaid dividends will remain on the redemption date.

Shareholders must deliver and surrender their shares to Computershare Inc., the company's redemption and paying agent, to receive payment. Notices were mailed to holders of record.

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