NEW YORK, NY --(BUSINESS WIRE)-- Annaly Capital Management,
Inc. (NYSE: NLY) (“Annaly” or the “Company”) announced an adjustment to the
conversion rate for its 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 fourth quarter 2014 common stock cash dividend
of $0.30 per common share.
The new conversion price for the Notes is $11.2690 per common
share, effective December 29, 2014. The conversion price for the Notes was
previously $11.5772 per common share.
The new conversion
rate for each $1,000 principal amount of Notes is 88.7389 of the Company’s
common shares.
The conversion rate for each $1,000 principal amount of Notes
was previously 86.3764 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:
Investor Relations, 888-8Annaly
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