Annaly is a mortgage REIT built around Agency mortgage-backed securities, with additional mortgage-credit, mortgage-servicing-rights and residential real-estate strategies; its current capital plan emphasizes flexible funding and liquidity across those portfolios.
This filing completes a previously disclosed capital action, rather than changing the operating story. Annaly had already announced the redemption of all 17.7 million Series I preferred shares for October 1, 2026, so the effective redemption is confirmation, not a surprise. The filing states that the company redeemed all 17,700,000 outstanding Series I shares on October 1. 〔0〕
The charter now removes Series I and redesignates those shares as common stock. As of October 2, no Series I preferred shares remained authorized, issued and outstanding, while the 17.7 million redeemed shares were reclassified as common stock. 〔1〕 This is a capital-structure housekeeping step; the filing does not announce a new financing, operating investment, dividend change, or business strategy shift.
Bottom line: The event is neutral and largely administrative: it closes a redemption the market already knew was coming and tidies the share authorization structure without materially changing Annaly’s mortgage-investment business story.
Read the original 8-K on SEC EDGAR ↗