Dallas, Texas 08/05/2013 (Financialstrend) – Annaly Capital Management, Inc. (NYSE: NLY) made gains of 1.12% to close at $11.73 per share on Friday with intraday movements ranging from low of $11.66 to high of $11.87 per share. The 52 week low price for the stock is at $11.19 per share and 52 week high price is at $17.75 per share. There are 947.37 million shares in the market with institutional ownership of 45%. The trading volume on Friday was at 13.10 million shares with average level at 12.70 million shares per day.
Annaly Capital Management, Inc. (NYSE:NLY) possesses, manage and finance an assortment of real estate related investments, as well as loan pass-through collateralized loan obligations certificates, CMOs, agency callable debentures and other confidences demonstrating welfares in or obligations backed by pools of advance loans along with its subordinate RCap Security, Inc that functions a broker dealer.
Annaly Capital Management, Inc. (NYSE:NLY) publicized in recent times that alteration to the exchange rate for 4.00% convertible senior noted due 2015. The modifications to the exchange rate for the notes is being prepared pursuant to the leading contract for the notes in light of the company’s previously publicized second quarter 2013 common share cash bonus of $0.40 per common share. The new exchange price for the notes is $13.3111 per common share, which is getting in effect from June 27, 2013. The pervious exchange cost for the notes is $13.7440 per common share. This new principal amount of notes is $75.1250 will be exchange price for each $1,000 of the company’s common shares. The previous principal amount of notes was $72.7592 of the company’s common share.
Annaly Capital Management, Inc. (NYSE:NLY) which is a Maryland corporation that has selected to be overtaxed as a REIT that is real estate investment trust.
Share investors feel the effects of interest charges each day in their collection. The extreme bull market analysts have observed over the past several years is unswervingly tied to ultra-low interest rates. However, there is a big modification infusing just under the economy’s surface.