Stock-market-blog

Annaly Is Moving Forward with New Capital

We have seen some big announcements from Annaly recently.

Annaly Capital Management (NLY: $11.70) announced that it intends to make a public offering of 60,000,000 shares of common stock, plus the 9 million over-allotment, thus raising over $800 million in new capital.

BMR Take: Annaly is best in class among its Mortgage REIT peers. We are long term investors and believe in the business they are in and especially the management driving the company forward.

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