The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY)
declared the third quarter 2008 common stock cash dividend of $0.55 per
common share. This dividend is payable October 29, 2008 to common
shareholders of record on September 18, 2008. The ex-dividend date is
September 16, 2008.
The Company distributes dividends based on its current estimate of
taxable earnings per common share, not GAAP earnings. Taxable and GAAP
earnings will differ because of non-taxable unrealized and realized
losses, differences in premium amortization, and non-deductible general
and administrative expenses.
Dividends may be reinvested through Annaly's Dividend Reinvestment Plan.
Plan information may be obtained from the Plan Administrator, Mellon
Investor Services at 1-800-301-5234, at www.annaly.com,
or by contacting the Company.
Annaly manages assets on behalf of institutional and individual
investors worldwide through Annaly and through the funds managed by its
wholly-owned registered investment advisor, FIDAC. The Company’s
principal business objective is to generate net income for distribution
to investors from the spread between the interest income on its
mortgage-backed securities and the cost of borrowing to finance their
acquisition and from dividends Annaly receives from FIDAC, which earns
investment advisory fee income. The Company, a Maryland corporation that
has elected to be taxed as a real estate investment trust (“REIT”),
currently has 538,646,191 shares of common stock outstanding.
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements which
are based on various assumptions (some of which are beyond our control)
may be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as "may," "will," "believe,"
"expect," "anticipate," "continue," or similar terms or variations on
those terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due to a
variety of factors, including, but not limited to, changes in interest
rates, changes in yield curve, changes in prepayment rates, the
availability of mortgage-backed securities for purchase, the
availability of financing and, if available, the terms of any financing,
changes in the market value of our assets, changes in business
conditions and the general economy, FIDAC’s
clients’ removal of assets FIDAC manages, FIDAC’s
regulatory requirements, and competition in the investment management
business, changes in government regulations affecting our business, and
our ability to maintain our qualification as a REIT for federal income
tax purposes. For a discussion of the risks and uncertainties which
could cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors”
in our Annual Report on Form 10-K for the fiscal year ended December 31,
2007 and any subsequent Quarterly Reports on Form 10-Q. We do not
undertake, and specifically disclaim all obligation, to publicly release
the result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or unanticipated
events or circumstances after the date of such statements.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
