UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):
May 13, 2008

 

ANNALY CAPITAL MANAGEMENT, INC.


(Exact name of registrant as specified in its charter)


 

 

 

 

 

Maryland

 

1-13447

 

22-3479661


 


 


(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)


 

 

 

 

 

 

1211 Avenue of the Americas

 

10036

 

 

Suite 2902

 


 

 

New York, New York

 

(Zip Code)

 

 


 

 

 

 

(Address of principal executive offices)

 

 

 

Registrant’s telephone number, including area code: (212) 696-0100

 

No Change


(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 1.01. Entry into a Material Definitive Agreement

          Public Offering of Common Stock

          On May 13, 2008, Annaly Capital Management, Inc. (the “Company”) entered into an underwriting agreement with Morgan Stanley & Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters (collectively, the “Common Stock Underwriters”), relating to the sale of 60,000,000 shares of Common Stock, par value $0.01 per share (the “Common Stock”), and the granting of an over-allotment option for an additional 9,000,000 shares of Common Stock to the Common Stock Underwriters solely to fulfill over-allotments. The Common Stock offering is expected to close on May 19, 2008.

          The aggregate net proceeds of the Common Stock offering, excluding the proceeds the Company may obtain from the exercise of the over-allotment option, to the Company (after deducting estimated expenses) are estimated to be approximately $927.6 million.

Item 9.01. Financial Statements and Exhibits.

          (a) Not applicable.

          (b) Not applicable.

          (c) Not applicable.

          (d) Exhibits:

 

 

 

 

1.1

Underwriting Agreement, dated May 13, 2008, between the Company and Morgan Stanley & Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters.



SIGNATURE

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

Annaly Capital Management, Inc.

 

 

 

 

By:

     /s/ Kathryn Fagan

 

 


 

 

Name: Kathryn Fagan

 

 

Title: Chief Financial Officer

 

 

 

Date: May 13, 2008