Sunday, October 6, 2013

Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior Notes Due 2015




NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015 (the "Notes").

The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company's previously announced third quarter 2013 common stock cash dividend of $0.35 per common share.

The new conversion price for the Notes is $12.9246 per common share, effective September 27, 2013.

The conversion price for the Notes was previously $13.3111 per common share. The new conversion rate for each $1,000 principal amount of Notes is 77.3716 of the Company’s common shares.

The conversion rate for each $1,000 principal amount of Notes was previously 75.1250 of the Company’s common shares.

 Notice of the conversion rate adjustment was delivered to security holders and Wells Fargo Bank, National Association, the trustee, in accordance with the terms of the governing indenture for the Notes.

For a complete copy of the company’s news release, please contact:


Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly


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