Annaly Capital Management, Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 01/05/2021   Download
SEC Document
SEC Filing
On January 4, 2021, Annaly Capital Management, Inc. (the “Company”) filed Articles Supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland which, effective January 4, 2021, reclassified and redesignated (i) all 18,400,000 authorized but unissued shares of the Company’s 7.50% Series D Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series D Preferred Stock”), (ii) 2,550,000 authorized but unissued shares of the Company’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series G Preferred Stock”), and (iii) 700,000 authorized but unissued shares of the Company’s 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series I Preferred Stock”), as shares of undesignated common stock, par value $0.01 per share, of the Company. On December 23, 2020, prior to the effectiveness of the Articles Supplementary, the Company redeemed all 18,400,000 shares of issued and outstanding Series D Preferred Stock. The Articles Supplementary became effective on January 4, 2021. As of January 4, 2021, no shares of Series D Preferred Stock, 17,000,000 shares of Series G Preferred Stock and 17,700,000 shares of Series I Preferred Stock were authorized, issued and outstanding.