CORRECTING and REPLACING Annaly Capital Management, Inc. Announces Preferred Dividends
NEW YORK--(BUSINESS WIRE)-- In the release dated November 13, 2012, the last sentences of the first, second and third paragraphs should end with the date December 3, 2012 (sted December 1, 2012).
The corrected release reads:
ANNALY CAPITAL MANAGEMENT, INC. ANNOUNCES PREFERRED DIVIDENDS
In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of Annaly Capital Management, Inc. (NYS: NLY) ("Annaly"), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the fourth quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on December 31, 2012 to Series A Preferred Stock shareholders of record as of December 3, 2012.
In accordance with the terms of Annaly's 7.625% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock"), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the fourth quarter of $0.476563 per share of Series C Preferred Stock. This dividend is payable on December 31, 2012 to Series C Preferred Stock shareholders of record as of December 3, 2012.
In accordance with the terms of Annaly's 7.50% Series D Cumulative Redeemable Preferred Stock ("Series D Preferred Stock"), the Board of Directors of Annaly has declared the first Series D Preferred Stock cash dividend payable of $0.5625 per share of Series D Preferred Stock (which reflects the accrual of dividends since September 13, 2012 through December 31, 2012). This dividend is payable on December 31, 2012 to Series D Preferred Stock shareholders of record as of December 3, 2012.
Annaly's principal business objective is to generate net income for distribution to its shareholders from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust ("REIT").
This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements which are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "anticipate," "continue," or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability of mortgage-backed securities for purchase, the availability of financing and, if available, the terms of any financing, changes in the market value of our assets, changes in business conditions and the general economy, our ability to integrate the commercial mortgage business, our ability to consummate any contemplated investment opportunities, changes in government regulations affecting our business, our ability to maintain our qualification as a REIT for federal income tax purposes, our ability to maintain our exemption from registration under the Investment Company Act of 1940, risks associated with the broker-dealer business of our subsidiary, and risks associated with the investment advisory business of our subsidiaries, including the removal by clients of assets they manage, their regulatory requirements and competition in the investment advisory business. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Annaly Capital Management, Inc.
1- (888) 8Annaly
KEYWORDS: United States North America New York
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