Annaly Capital Management (NYSE:NLY)
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From May 2019 to May 2024
The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY)
declared the fourth quarter 2008 common stock cash dividend of $0.50 per
common share. This dividend is payable January 29, 2009 to common
shareholders of record on December 30, 2008. The ex-dividend date is
December 26, 2008.
The Company distributes dividends based on its current estimate of
taxable earnings per common share, not GAAP earnings. Taxable and GAAP
earnings will differ because of non-taxable unrealized and realized
losses, differences in premium amortization, and non-deductible general
and administrative expenses. Beginning in the fourth quarter of 2008,
the Company will no longer apply hedge accounting to its interest rate
swaps under Statement of Financial Accounting Standards No. 133
Accounting for Derivative Instruments and Hedging Activities. As a
result, unrealized gains and losses on interest rate swaps will be
reported in earnings for GAAP net income. The Company designates its
interest rate swaps as tax hedges and any unrealized gains or losses
should not affect its distributable net income.
Dividends may be reinvested through Annaly's Dividend Reinvestment Plan.
Plan information may be obtained from the Plan Administrator, Mellon
Investor Services at 1-800-301-5234, at www.annaly.com,
or by contacting the Company.
Annaly manages assets on behalf of institutional and individual
investors worldwide. The Company’s principal business objective is to
generate net income for distribution to investors from its investment
securities and from its subsidiaries. Annaly is a Maryland corporation
that has elected to be taxed as a real estate investment trust (“REIT”),
and currently has 541,472,181 shares of common stock outstanding.
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,
changes in government regulations affecting our business, our ability to
maintain our qualification as a REIT for federal income tax purposes, as
well as 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.