Annaly Capital Management Inc., New York, has priced a public offering of 47 million shares of the company's common stock at $14 per share, for estimated gross proceeds of $658 million.The real estate investment trust said the estimated net proceeds of $626.5 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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