In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock of Annaly Capital Management, Inc. NLY, 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, 2010 to Series A Preferred Stock shareholders of record as of December 1, 2010.
In accordance with the terms of Annaly's 6% Series B Cumulative Convertible Preferred Stock, the Board of Directors of Annaly has declared a Series B Preferred Stock cash dividend for the fourth quarter of $0.375 per share of Series B Preferred Stock. This dividend is payable on December 31, 2010 to Series B Preferred Stock shareholders of record as of December 1, 2010.
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