Annaly Capital Management, New York, hopes to raise $1.1 billion through an additional stock offering, using the proceeds to buy mortgage-backed securities.
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In total, it will offer 60 million shares of common. The MBS will be held in the REIT's investment portfolio.
Credit Suisse Securities is the lead book-running manager for the offering. Barclays Capital Inc., Deutsche Bank Securities Inc. and RCap Securities, Inc. are serving as the book-running managers.
Annaly invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other types of MBS, including bonds issued by Fannie Mae and Freddie Mac.
