Total Capitalization (as of December 31, 2023) FINANCING, CAPITAL & LIQUIDITY Annaly continued to enhance our leverage and liquidity position throughout the year, while our deep and diverse financing sources provide us with unique competitive advantages Note: Please refer to Glossary for defined terms and “Financing, Capital & Liquidity” in Endnotes section for footnoted information. Preferred Equity $1.5 billion Preferred Equity Agency & Non-Agency Repo(1) $63.4 billion In-House Broker-Dealer Street Repo Direct Repo Secured Financing $14.1 billion Credit Facilities / Warehouse Financing Non-Recourse Term Financing(4) 2023 Financial Highlights 2023 average economic cost of interest-bearing liabilities of 3.01%(2) Closed 19 residential whole loan securitizations totaling $7.7 billion(3) since the start of 2023 Weighted average days to maturity for repurchase agreements of 44 days at year end Total warehouse capacity across both Annaly’s MSR and Residential Credit businesses of $3.6 billion Raised $674 million of accretive common equity throughout 2023(5) Maintained significant liquidity throughout 2023 given market volatility; remained well-positioned for opportunistic growth – Ended the year with a strong liquidity position of $6.2 billion of total assets available for financing(6), including cash and unencumbered Agency MBS of $3.8 billion Common Equity $9.7 billion Common Equity 18 ANNALY CAPITAL MANAGEMENT, INC.
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