Annaly Capital Management (NLY) said late Thursday that its board approved a new common share and a new preferred share repurchase program, each of which shall expire on Dec. 31, 2029, replacing the programs that expired end of last year.
The company may buy back up to $1.5 billion shares under the common share repurchase program and up to 63.5 million preferred shares, including 28.8 million shares of its 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, according to its regulatory filing.
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