Annaly Capital Management Prices Public Offering at $17.30 per Share

Annaly Capital Management, Inc. NLY today announced the pricing of an underwritten public offering of 75,000,000 shares of its common stock at a price per share of $17.30 for expected gross proceeds of approximately $1.3 billion before expenses. Annaly has also granted the underwriters a thirty-day option to purchase up to an additional 11,250,000 shares of common stock solely to cover overallotments. Annaly expects to use the proceeds of this offering to purchase mortgage-backed securities for its investment portfolio and for general corporate purposes, which may include additional investments and repayment of short-term indebtedness.