NEW YORK, NY--(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 fourth quarter 2012 common stock cash dividend
of $0.45 per common share.
The new conversion price for the Notes is $14.1447 per
common share, effective December 26, 2012. The conversion price for the Notes
was previously $14.5963 per common share. The new conversion rate for each
$1,000 principal amount of Notes is 70.6980 of the Company’s common shares.
The conversion rate for each $1,000 principal amount of
Notes was previously 68.5105 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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