Annaly Capital Management Inc., New York, has priced a public offering of 50 million shares of the company's common stock at $13.50 per share, for estimated gross proceeds of $675 million.The real estate investment trust said the estimated net proceeds of $641 million will be used to purchase mortgage-backed securities and for general corporate purposes. The sole book-running manager of the offering is Merrill Lynch & Co. Annaly can be found online at http://www.annaly.com.

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