Annaly redeems Series I preferred shares: what it means for Annaly Capital Management stock

Published on 10/06/2026 at 06:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Annaly redeemed 17.70 million Series I shares on October 1, 2026. Annaly Capital Management stock had a USD 13.8 billion market value on October 5.

NLY, US0357108390, Illustration mit AI erstellt.

Annaly Capital Management (ISIN US0357108390) had a USD 13.8 billion market value on October 5, while Annaly Capital Management, Inc. redeemed all 17.70 million Series I preferred shares. StockTitan reported that the redemption became effective on October 2, 2026, after payment on October 1, 2026.

Redemption changes the capital mix

The retired securities carried a 6.750 percent fixed-to-floating rate and were reclassified as common stock after the redemption. That distinction matters because the transaction removes a preferred class while leaving Annaly's common dividend policy as the main direct capital-return signal.

Annaly's listing identity is clear: Stock Analysis identifies NLY as common stock on the NYSE and assigns ISIN US0357108390.

Second-quarter earnings covered the dividend

In the second quarter of 2026, Annaly reported GAAP net income of USD 827.8 million, or USD 1.06 per average common share, compared with USD 0.33 per share in the prior quarter, according to StockTitan. Earnings available for distribution, a non-GAAP measure, reached USD 0.79 per share versus USD 0.76 in the first quarter, while the quarterly common dividend stood at USD 0.75.

The same filing summary put book value per common share at USD 20.15, up from USD 19.82, and annualized GAAP return on average equity at 19.88 percent. The comparison shows why the dividend was covered by the quarter's distributable earnings, although mortgage REIT results remain sensitive to funding costs, asset spreads and book-value changes.

Results date sets the next marker

Annaly said it will release results for the quarter ended September 30, 2026, after the market close on October 20, 2026, with its conference call scheduled for October 21, 2026, at 9:00 a.m. ET, according to the company's press release. The next report will show whether second-quarter earnings available for distribution continued to cover the USD 0.75 quarterly payout.

Prior close was EUR 16.35

With the Lang & Schwarz data set dated October 5, 2026, the prior close was EUR 16.35; the data set carried no valid October 6 intraday quotation. The primary-exchange 52-week range was USD 18.25 to USD 24.52 as of October 5, 2026, while market capitalization was USD 13.8 billion.