November 29, 2022


Enduring Values

Annaly Funds Management, Inc. Announces 3rd Quarter 2022 Typical Inventory Dividend and Reverse Inventory Break up

NEW YORK, September 08, 2022–(Enterprise WIRE)–Annaly Funds Administration, Inc. (NYSE: NLY) (the “Corporation” or “Annaly”) declared today that its Board of Directors declared the third quarter popular inventory dividend and has unanimously accepted a reverse stock split of the Company’s frequent inventory at a ratio of 1-for-4.

3rd Quarter Prevalent Stock Dividend

The Board of Administrators of the Firm declared the 3rd quarter 2022 widespread stock funds dividend of $.88 for each share of the Company’s frequent inventory (keeping the Company’s dividend of $.22 for each share in advance of the reverse inventory break up, modified for the 1-for-4 reverse stock break up). This dividend is payable October 31, 2022, to prevalent stockholders of document on September 30, 2022 (dependent on the range of shares of widespread inventory held by every stockholder on this kind of date soon after supplying outcome to the reverse inventory split). The ex-dividend day is September 29, 2022.

1-for-4 Reverse Inventory Break up

The reverse inventory split is anticipated to just take outcome following the shut of organization on September 23, 2022 (the “Effective Time”). Accordingly, at the Successful Time, every 4 issued and remarkable shares of the Company’s popular stock will be converted into one share of the Company’s prevalent stock. The Company’s prevalent inventory is expected to start off trading on the New York Stock Trade on a post-reverse stock split basis commencing on September 26, 2022, less than a new CUSIP amount: 035710839.

The Enterprise is utilizing the reverse stock break up with the objective of minimizing Annaly’s range of shares of prevalent stock outstanding to far more closely align with the selection of prevalent shares excellent for companies of a equivalent sector capitalization. As a final result of the reverse inventory break up, the variety of exceptional shares of Annaly’s prevalent stock will be reduced from approximately 1.8 billion to close to 445 million. Furthermore, the Organization believes the reverse stock split will make the prevalent stock additional attractive to a broader vary of investors, which has the probable to lower share value volatility in excess of time.

No fractional shares will be issued in relationship with the reverse inventory break up. As a substitute, each stockholder that would hold fractional shares as a final result of the reverse inventory break up will be entitled to obtain, in lieu of this sort of fractional shares, money in an sum based mostly on the closing rate of the Firm’s prevalent inventory on the New York Inventory Trade on September 23, 2022. The reverse inventory break up will utilize to all of the Company’s exceptional shares of typical stock and hence will not have an affect on any stockholder’s possession proportion of shares of the Company’s typical stock, other than for de minimis alterations ensuing from the payment of money in lieu of fractional shares. Stockholders of report will be acquiring information from Computershare Trust Business, N.A., the Company’s transfer agent (“Computershare”), concerning their stock possession pursuing the reverse stock break up and, if applicable, payments of cash in lieu of fractional shares.

Stockholders with certificated shares of widespread inventory will acquire a letter of transmittal from Computershare with guidance on how to surrender certificates symbolizing pre-reverse stock break up shares, which will grow to be reserve-entry shares put up-reverse stock break up. Stockholders really should not send out in their pre-reverse inventory break up certificates till they obtain a letter of transmittal (which will also include things like a shed securities affidavit with regard to any certification that are not able to be situated) from Computershare. In get to receive new shares of the Company’s prevalent inventory, hard cash payments in lieu of fractional shares, and any long term dividends or distributions the Organization may well declare with a history date right after the Successful Time of the reverse stock split, stockholders ought to return these certificated shares of frequent stock or a dropped securities affidavit. Stockholders with guide-entry shares or who hold their shares as a result of a bank, broker, or other nominee will not have to have to take any action.

About Annaly

Annaly is a main diversified capital supervisor with financial investment strategies across mortgage finance. Annaly’s principal business enterprise aim is to crank out net money for distribution to its stockholders and to optimize its returns as a result of prudent management of its diversified expense techniques. Annaly is internally managed and has elected to be taxed as a serious estate expense rely on, or REIT, for federal cash flow tax uses.

Ahead-Wanting Statements

This news launch and our general public files to which we refer consist of or include by reference specified ahead-on the lookout statements which are primarily based on many assumptions (some of which are further than our control) and may be discovered by reference to a future interval or durations or by the use of ahead-hunting terminology, these kinds of as “might,” “will,” “ought to,” “estimate,” “job,” “imagine,” “be expecting,” “foresee,” “carry on,” or similar conditions or versions on these terms or the damaging of all those conditions. Real effects could differ materially from these set forth in ahead-wanting statements thanks to a assortment of factors, which includes, but not confined to, pitfalls and uncertainties connected to the COVID-19 pandemic, which includes as similar to adverse financial ailments on serious estate-similar assets and funding conditions (and our outlook for our organization in gentle of these circumstances, which is unsure) modifications in fascination rates modifications in the generate curve changes in prepayment rates the availability of house loan-backed securities and other securities for order the availability of financing and, if obtainable, the terms of any funding variations in the sector worth of our belongings improvements in small business circumstances and the typical economy operational threats or possibility management failures by us or vital 3rd parties, including cybersecurity incidents our skill to develop our residential credit score enterprise credit score pitfalls linked to our investments in credit history danger transfer securities, residential mortgage-backed securities, and associated residential mortgage credit rating property dangers similar to investments in house loan servicing rights our potential to consummate any contemplated financial investment opportunities variations in govt polices or policy influencing our small business our capacity to sustain our qualification as a REIT for U.S. federal income tax purposes and our skill to manage our exemption from registration beneath the Expenditure Corporation Act. For a discussion of the risks and uncertainties which could trigger actual benefits to differ from all those contained in the ahead-searching statements, see “Possibility Factors” in our most latest Once-a-year Report on Variety 10-K and any subsequent Quarterly Experiences on Form 10-Q. The Enterprise does not undertake, and specifically disclaims any obligation, to publicly launch the outcome of any revisions which may perhaps be manufactured to any forward-looking statements to mirror the occurrence of anticipated or unanticipated events or circumstances right after the day of these kinds of statements, except as needed by legislation.

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Annaly Money Administration, Inc.
Investor Relations
[email protected]