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NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc.
(NYSE: NLY) (“Annaly” or the “Company”) today 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 second quarter 2013 common stock cash dividend
of $0.40 per common share.
The new conversion price for the Notes is $13.3111 per
common share, effective June 27, 2013. The conversion price for the Notes was
previously $13.7440 per common share.
The new conversion rate for each $1,000 principal amount of
Notes is 75.1250 of the Company’s common shares. The conversion rate for each
$1,000 principal amount of Notes was previously 72.7592 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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