Annaly Capital Management, Inc. NLY today
announced an adjustment to the conversion rate for 4.00% Convertible Senior
Notes Due 2015. 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 fourth quarter 2011 common stock cash
dividend of $0.57 per common share. The new conversion price for the Notes is
$16.0686 per common share, effective December 27, 2011. The conversion price
for the Notes was previously $16.6364 per common share. The new conversion
rate for each $1,000 principal amount of Notes is 62.2331 of the Company's
common shares. The conversion rate for each $1,000 principal amount of Notes
was previously 60.1093 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.
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