Key Developments: Annaly Capital Management Inc (NLY)
14.42USD
23 May 2013
$-0.10 (-0.69%)
$14.52
$14.38
$14.51
$14.05
13,574,121
9,523,697
$17.75
$13.72
Latest Key Developments (Source: Significant Developments)
Annaly Capital Management Inc Announces Preferred Dividends
Annaly Capital Management Inc announced that the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the second quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on July 1, 2013, to Series A Preferred Stock shareholders of record as of June 3, 2013. In accordance with the terms of Annaly's 7.625% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the second quarter of $0.476563 per share of Series C Preferred Stock. This dividend is payable on July 1, 2013 to Series C Preferred Stock shareholders of record as of June 3, 2013. In accordance with the terms of Annaly's 7.50% Series D Cumulative Redeemable Preferred Stock (Series D Preferred Stock), the Board of Directors of Annaly has declared a Series D Preferred Stock cash dividend for the second quarter of $0.46875 per share of Series D Preferred Stock. This dividend is payable on July 1, 2013 to Series D Preferred Stock shareholders of record as of June 3, 2013. Full Article
Annaly Capital Management Inc Announces First Quarter 2013 Dividend Of $0.45 Per Share
Annaly Capital Management Inc announced that it has declared the first quarter 2013 common stock cash dividend of $0.45 per common share. This dividend is payable April 29, 2013, to common shareholders of record on April 1, 2013. The ex-dividend date is March 27, 2013. Full Article
Annaly Capital Management Inc Announces Preferred Dividends
Annaly Capital Management Inc announced that the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the first quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on April 1, 2013, to Series A Preferred Stock shareholders of record as of March 1, 2013. Full Article
Crexus Investment Corp Signs Definitive Agreement To Be Acquired By Annaly Capital Management Inc For $13.00 Per Share
Crexus Investment Corp announced that it has entered into a definitive merger agreement pursuant to which Annaly Capital Management, Inc. to acquire all of outstanding shares of common stock of the Company not currently owned by Annaly for $13.00 per share in cash. The Company expects to declare and pay regular quarterly dividends while transaction is pending. Under terms of agreement, the Company may solicit, receive, evaluate and enter into negotiations with respect to alternative proposals from third parties for a period of 45 calendar days continuing through March 16, 2013. The Company does not intend to disclose developments during this process, unless it determines that there is a need to update market, there can be no assurance that the process will result in receipt of a superior offer or that any other transaction will be approved or consummated. Annaly has agreed to not purchase shares of Company common stock in excess of the approximately 12.4% of outstanding that it currently owns. At the conclusion of the 45-day active solicitation period, a subsidiary of Annaly will commence a cash tender offer for all of shares of Company common stock not already owned by Annaly and subsidiaries for $13.00 per share, plus a pro-rated quarterly dividend through the end of the tender offer period. Lazard is acting as independent financial advisor and Goodwin Procter LLP is acting as independent legal advisor to the Special Committee in connection with this transaction. Full Article
Annaly Capital Management Inc Announces Fourth Quarter 2012 Dividend Of $0.45 Per Share
Annaly Capital Management Inc announced a fourth quarter 2012 common stock cash dividend of $0.45 per common share. This dividend is payable January 29, 2013, to common shareholders of record on December 28, 2012. The ex-dividend date is December 26, 2012. Full Article
CORRECTION OFFICIAL - Annaly Capital Management Inc Announces Preferred Dividends
CORRECTED TO READ in the body as December 3, 2012 .. instead of December 1, 2012 Annaly Capital Management Inc announced that Board of Directors declared a Series A Preferred Stock cash dividend for the fourth quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on December 31, 2012 to Series A Preferred Stock shareholders of record as of December 3, 2012. In accordance with the terms of Annaly`s 7.625% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the fourth quarter of $0.476563 per share of Series C Preferred Stock. This dividend is payable on December 31, 2012 to Series C Preferred Stock shareholders of record as of December 3, 2012. In accordance with the terms of Annaly`s 7.50% Series D Cumulative Redeemable Preferred Stock (Series D Preferred Stock), the Board of Directors of Annaly has declared the first Series D Preferred Stock cash dividend payable of $0.5625 per share of Series D Preferred Stock (which reflects the accrual of dividends since September 13, 2012 through December 31, 2012). This dividend is payable on December 31, 2012 to Series D Preferred Stock shareholders of record as of December 3, 2012. Full Article
Annaly Capital Management Inc Announces Proposal To Acquire CreXus Investment Corp.
Annaly Capital Management Inc announced that it has proposed to the Board of Directors of CreXus Investment Corp. to acquire for cash all of the shares of CreXus that Annaly does not currently own. Under the terms of the proposal, Annaly proposes to acquire all the CreXus shares it does not already own for $12.50 per share in cash. BofA Merrill Lynch is acting as financial advisor and K&L Gates LLP is acting as legal advisor to Annaly in connection with this proposal. Full Article
Annaly Capital Management Inc Announces Management Change-Form 8-K
Annaly Capital Management Inc reported in its Form 8-K that on November 5, 2012, the Board of Directors of Annaly Capital Management, Inc. (Company) announced the appointment of Wellington J. Denahan-Norris, 48, as Chairman and Chief Executive Officer (CEO) of the Company. Full Article
Annaly Capital Management Inc Announces Share Repurchase Program Of $1.5 Billion
Annaly Capital Management Inc announced that its Board of Directors has authorized the repurchase of up to $1.5 billion of its outstanding common shares over a 12 month period. Full Article
Annaly Capital Management Inc Announces Management Changes
Annaly Capital Management Inc announced that its Board of Directors has appointed Wellington Denahan-Norris Co-CEO in order to allow Chairman and Chief Executive Officer Michael A.J. Farrell to focus on his ongoing treatment for cancer. In addition, Annaly’s Board has appointed long-time senior executives Kevin G. Keyes and James P. Fortescue as the Company’s President and Chief Operating Officer, respectively. Full Article
Annaly Capital to take control of CreXus in $872 million deal
- Annaly Capital Management Inc will gain control of CreXus Investment Corp after raising its offer for the remaining 88 percent stake in the commercial mortgage investor.
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