04:44 AM EDT, 08/01/2025 (MT Newswires) -- Annaly Capital Management ( NLY ) said late Thursday it priced a public offering of 10 million shares of its 8.875% series J fixed-rate cumulative redeemable preferred stock, for about $250 million in expected gross proceeds.

Underwriters have a 30-day overallotment option to purchase up to 1.5 million additional shares.

The company said it expects to close the offering by Aug. 7, with proceeds to go toward purchasing targeted assets under its capital allocation policy.