NLY 2023 Annual Report

Proven over 25 years to be a competitive source of yield for shareholders PROVEN RESULTS Note: Please refer to Glossary for defined terms and “Proven Results” in Endnotes section for footnoted information. Annaly has delivered a total return of 748% since its IPO(2) Since inception, Annaly has delivered $25bn+ in dividends to shareholders(1) ($ in millions) – $4,000 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Prior Cumulative Dividends Declared Dividends Declared During Year (100%) 100% 300% 500% 700% 900% 1,100% 10/10/1997 1/19/2001 4/30/2004 8/10/2007 11/19/2010 2/28/2014 6/9/2017 9/18/2020 12/29/2023 Annaly Bloomberg Real Estate Investment Trust Mortgage Index 178% 748% 5 2023 ANNUAL REPORT

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