Annaly redeems preferred shares: what it means for Annaly stock

Published on 10/07/2026 at 06:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The transaction covered 17.70 million preferred shares on October 1, 2026. Annaly stock had a EUR 16.33 prior close on October 5, 2026.

NLY, US0357108390, Illustration mit AI erstellt.

Annaly Capital Management (ISIN US0357108390) redeemed 17.70 million Series I preferred shares effective October 1, 2026. StockTitan reports that the redeemed securities were reclassified and redesignated as common stock effective October 2, 2026, leaving no Series I shares authorized, issued or outstanding.

Redemption changes the capital mix

The transaction removes a 6.750 percent fixed-to-floating preferred security from Annaly's capital structure. For investors, the key distinction is that the redemption concerns preferred shares, while the company's common-stock dividend and mortgage-finance earnings remain the central valuation drivers.

MarketScreener reported on September 9, 2026 that Annaly declared a USD 0.75 per-share common dividend for the third quarter of 2026, payable October 30, 2026. The record date was September 30, 2026, and the ex-dividend date was also September 30, 2026.

Second-quarter earnings set the benchmark

StockTitan reported that GAAP net income for the second quarter of 2026 was USD 827.8 million, or USD 1.06 per average common share, compared with USD 0.33 in the first quarter of 2026. Earnings available for distribution, an adjusted non-GAAP measure, were USD 0.79 per share, above the USD 0.75 common dividend.

The second-quarter 2026 results also included an annualized GAAP return on average equity of 19.88 percent and book value of USD 20.15 per common share. That comparison matters because the USD 0.79 distribution figure exceeded the dividend by USD 0.04 per share during the period.

Mortgage finance remains the anchor

A StockAnalysis company profile identifies Annaly as a mortgage-focused real estate investment trust listed on the NYSE under ticker NLY and assigns ISIN US0357108390 to the common stock. Its business spans agency mortgage-backed securities, residential credit and mortgage servicing rights.

As of October 6, 2026, the market capitalization was USD 13.9 billion, while the 52-week range was USD 18.16 to USD 24.52. The Lang & Schwarz prior close was EUR 16.33 on October 5, 2026, providing the euro reference for German-market readers.

Capital structure and income in view

Annaly's preferred-share redemption and common dividend sit alongside a second-quarter earnings profile in which adjusted distribution income covered the payout. The next market test is whether mortgage spreads, book value and distribution income continue to support the common dividend after the capital change.

The further course of trading is shown by the continuously updated real-time quote of Annaly stock.