Annaly Capital Management Announces Public Offering of 100M Shares of Common Stock
Annaly Capital Management, Inc. (NYSE: NLY) today announced that it intends to make a public offering of 100,000,000 shares of its common stock.
Annaly intends to grant the underwriters a thirty-day option to purchase up to an additional 15,000,000 shares of common stock solely to cover overallotments. Annaly expects to use the proceeds of this offering to purchase mortgage-backed securities for its investment portfolio and for general corporate purposes, which may include additional investments and repayment of short-term indebtedness.
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