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 first quarter 2013 common stock cash dividend of
$0.45 per common share.
The new conversion price for the Notes is $13.7440 per
common share, effective March 27, 2013. The conversion price for the Notes was
previously $14.1447 per common share.
The new conversion rate for each $1,000 principal amount of
Notes is 72.7592 of the Company’s common shares. The conversion rate for each
$1,000 principal amount of Notes was previously 70.6980 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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