New York-based mortgage-backed securities portfolio manager, Annaly Capital Management, is seeking to sell 75 million shares of its common stock. The real estate investment trust (REIT) has not disclosed the amount to be raised from the share sale. Annaly may use the proceeds from the offering to purchase mortgage-backed securities for its investment portfolio and for general corporate purposes. Credit Suisse Securities, Barclays Capital, JP Morgan Securities and RCap Securities are acting as joint book-running managers for the sale.
Click here for the release from Annaly Capital Management.