Real estate investment trust (REIT) Annaly Capital Management (NLY) expects to have raised $1.1bn of gross proceeds from its public offering of 60m shares of common stock this week. The company plans to use the proceeds to buy mortgage-backed securities (MBS) for its investment portfolio, and to cover general corporate expenses including additional investments and repayment of short-term indebtedness. The firm announced the public offering Tuesday afternoon. Annaly granted the underwriters a 30-day option to purchase up to an additional 9m shares of common stock to cover any over-allotments. Credit Suisse Securities (CS) acts as the lead book-running manager for the offering. Barclays Capital, Deutsche Bank Securities (DB) and RCap Securities are book-running managers. It marks the latest in a strong year of capital-raising efforts for US REITs, which so far in 2010 raised $22bn in initial, debt and equity capital offerings, according to recent data from the National Association of REITs, NAREIT. Write to Diana Golobay. Disclosure: the author holds no relevant investments.
Annaly Capital Prices $1.1bn in Stock to Buy Mortgage Securities
July 14, 2010, 10:57am
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Why housing demand is up and inventory is down in 2026
Pending sales rose to 75,856 vs 72,039 in 2025 as inventory turned negative year over year with mortgage rates near 6.58%.
Jun 13, 2026
-
HUD tests a new Operation Breakthrough for today’s housing crisis
Jun 23, 2026 -
SERHANT. expands into Texas with 13 founding agents
Jun 23, 2026 -
Keys to the housing market for the rest of 2026
Jun 20, 2026 -
Fannie Mae to expand title pilot program, Pulte says
Jun 24, 2026 -
Congress passes 21st Century ROAD to Housing Act, sends bill to Trump
Jun 23, 2026
Latest Articles
KB Home Q2 2026 earnings point to scale vs execution debate
Homebuilding’s mid-year public company earnings season is now looking through the prism of the back half of 2026. Each of the sector’s players had better have put themselves in a good position for some heavy lifting and outperformance, rather than lugging around a forgettable first half. In that light, it’s welcome news that one of […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio