NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) announced that it intends to make a public offering of 60,000,000 shares of common stock.

In connection with the offering, Annaly intends to grant the underwriters a thirty-day option to purchase up to an additional 9,000,000 shares of common stock.

Annaly intends to use the net proceeds of this offering to acquire targeted assets under the Company’s capital allocation policy, which may include further diversification of its investments in Agency assets as well as residential, commercial and corporate credit assets. These investments include, without limitation, residential credit assets (including residential mortgage loans), middle market corporate loans, Agency MBS pools, to-be-announced forward contracts, adjustable rate mortgages, commercial real estate loans and securities and mortgage servicing rights. Annaly also intends to use the net proceeds for general corporate purposes, including, without limitation, to pay down liabilities and other working capital items.

Credit Suisse, BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering. JMP Securities and Sandler O’Neill + Partners, L.P. are acting as co-managers for the offering. The underwriters propose to offer the shares of common stock for sale from time to time in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

Annaly has filed a shelf registration statement and prospectus with the Securities and Exchange Commission (SEC), and has filed a prospectus supplement for the offering to which this communication relates. Before you invest in the offering, you should read the prospectus supplement and the accompanying prospectus and other documents Annaly has filed with the SEC for more complete information about Annaly and the offering. You may obtain these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, Annaly, the underwriters or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request them by contacting:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Dept.
One Madison Ave.
New York, NY 10010
Telephone: (800) 221-1037

About Annaly

Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to preserve capital through the prudent selection of investments and continued management of its portfolio. Annaly has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Annaly is externally managed by Annaly Management Company LLC.