Annaly Capital Management Converts Redeemed Preferred Stock to Common Stock

Annaly Capital Management, Inc. (NLY) has reclassified its previously redeemed preferred shares into common stock, according to a Form 8-K filed with the SEC on October 2, 2026. The company reported that on October 1, 2026, it redeemed all 17,700,000 shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.

Following the redemption, the company filed Articles Supplementary with the State Department of Assessments and Taxation of Maryland. These documents, effective October 2, 2026, reclassified and redesignated the 17,700,000 redeemed shares as shares of common stock, with a par value of $0.01 per share.

As of October 2, 2026, the company stated that no shares of Series I Preferred Stock were authorized, issued, or outstanding. The filing includes a copy of the Articles Supplementary as Exhibit 3.1.