Annaly Capital Management, Inc. Reports Results For The 3rd Quarter 2012

Annaly Capital Management, Inc. (NYSE: NLY) today reported GAAP net income for the quarter ended September 30, 2012 of $224.8 million or $0.22 per average common share as compared to GAAP net loss of $921.8 million or $0.98 per average common share for the quarter ended September 30, 2011, and GAAP net loss of $91.2 million or $0.10 per average common share for the quarter ended June 30, 2012.

Without the effect of the unrealized gains or losses on interest rate swaps and Agency interest-only mortgage-backed securities and net loss on extinguishment of 4% Convertible Senior Notes Due 2015 (the “4% Convertible Notes”), net income for the quarter ended September 30, 2012, was $449.8 million or $0.45 per average common share as compared to $622.8 million or $0.65 per average common share for the quarter ended September 30, 2011, and $546.2 million or $0.55 per average common share for the quarter ended June 30, 2012.

During the quarter ended September 30, 2012, the Company disposed of $7.3 billion of investments, resulting in a realized gain of $142.2 million. During the quarter ended September 30, 2011, the Company disposed of $3.9 billion of investments, resulting in a realized gain of $91.7 million. During the quarter ended June 30, 2012, the Company disposed of $6.4 billion of investments, resulting in a realized gain of $94.8 million.

Common dividends declared for the quarters ended September 30, 2012, September 30, 2011, and June 30, 2012 were $0.50, $0.60, and $0.55 per common share, respectively. The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as non-taxable unrealized and realized gains and losses, differences in premium amortization and discount accretion, and non-deductible general and administrative expenses.

The annualized dividend yield on the Company’s common stock for the quarter ended September 30, 2012, based on the September 30, 2012, closing price of $16.84, was 11.88%, as compared to 14.43% for the quarter ended September 30, 2011, and 13.11% for the quarter ended June 30, 2012.

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