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Annaly Capital Management records net loss for Q3

The Motley Fool +1 ·

NLY
NLY Annaly Capital Management Inc
$18.01 -1.53%
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  1. 1Annaly Capital Management reported a net loss for the third quarter.
  2. 2During the third quarter, Annaly Capital Management redeemed $443,000,000 in Series I floating-rate preferred stock.
  3. 3Annaly Capital Management raised $757,000,000 through its ATM equity issuance program this quarter.

So what's the key point?

Annaly Capital Management did not make a profit and instead saw a loss in the third quarter. This was due to the repayment of preferred stock and the issuance of new shares, totaling $443,000,000 and $757,000,000 respectively.

Source The Motley Fool +1 · View original ↗

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