Filing Summary
Company: Annaly Capital Management, Inc. (NYSE: NLY). Filing: Form 8-K dated October 2, 2026, reporting a capital-structure change.
Material Change
On October 1, 2026, Annaly redeemed all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Effective October 2, the company filed Articles Supplementary reclassifying and redesignating those 17,700,000 shares as common stock. The filing states that no Series I Preferred Stock shares remained authorized, issued, or outstanding as of October 2.
Financial and Operating Information
This 8-K does not report revenue, earnings, cash flow, margins, debt, liquidity, or operating results. It does not state the redemption price, total cash cost, or any other financial effect of the transaction.
Outlook, Risks, and Contingencies
The filing provides no guidance or management outlook and does not identify transaction-related contingencies or unusual items beyond the preferred-stock redemption and reclassification.
Key Facts to Verify
- Review Exhibit 3.1, the Articles Supplementary, for the legal terms and effect of the reclassification.
- Check subsequent company disclosures for the redemption price, cash impact, and treatment of the reclassified shares in common shares outstanding.
- Confirm the implications for preferred dividends and the company’s capital structure after Series I Preferred Stock was eliminated.