Certain Common Stock of Annaly Capital Management, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2022.
June 15, 2022
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Certain Common Stock of Annaly Capital Management, Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2022. These Common Stock will be under lockup for 31 days starting from 16-MAY-2022 to 16-JUN-2022.
Details:
Executive officers and directors have agreed, subject to certain exceptions, not to sell, offer, contract to sell, pledge, register, grant any option to purchase or otherwise dispose of, directly or indirectly, any shares of capital stock, or any securities convertible into, or exercisable, exchangeable or redeemable for shares of capital stock without the prior written consent of the representative for a period of 30 days after the date of this prospectus supplement.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.