NEW
YORK, NY --(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”
or the “Company”) has 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 2014 common stock cash dividend of $0.30 per common share.
The
new conversion price for the Notes is $11.8944 per common share, effective June
27, 2014. The conversion price for the Notes was previously $12.2079 per common
share. The new conversion rate for each $1,000 principal amount of Notes is
84.0728 of the Company’s common shares.
The
conversion rate for each $1,000 principal amount of Notes was previously
81.9145 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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