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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