10 unchanged sentences
Market for Registrant’s Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities
−Removed: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock began trading publicly on October 8, 1997 and is traded on the New York Stock Exchange under the trading symbol “NLY.” As of January 31, 2020 , we had 1,430,324,298 shares of common stock issued and outstanding which were held by approximately 425,000 beneficial holders.
−Removed: The equity compensation plan information called for by Item 201(d) of Regulation S-K is set forth in Item 12 of Part III of this Form 10-K under the heading “Equity Compensation Plan Information.”
−Removed: We intend to pay quarterly dividends and to distribute to our stockholders all or substantially all of our taxable income in each year (subject to certain adjustments) consistent with the distribution requirements applicable to REITs.
−Removed: This will enable us to qualify for the tax benefits accorded to a REIT under the Code.
−Removed: We have not established a minimum dividend payment level and our ability to pay dividends may be adversely affected by factors beyond our control.
−Removed: In addition, unrealized changes in the estimated fair value of available-for-sale investments may have a direct effect on dividends.
−Removed: All distributions will be made at the discretion of our Board and will depend on our earnings, our financial condition, maintenance of our REIT status and such other factors as our Board may deem relevant from time to time.
−Removed: See also Item 1A.
−Removed: “Risk Factors.” No dividends can be paid on our common stock unless we have paid full cumulative dividends on our preferred stock.
−Removed: From the date of issuance of our preferred stock through December 31, 2019 , we have paid full cumulative dividends on our preferred stock.
−Removed: Share Performance Graph
−Removed: The following graph and table set forth certain information comparing the yearly percentage change in cumulative total return on our common stock to the cumulative total return of the Standard & Poor’s Composite 500 stock Index or S&P 500 Index, and the Bloomberg Mortgage REIT Index, or BBG REIT index, an industry index of mortgage REITs.
−Removed: The comparison is for the five-year period ended December 31, 2019 and assumes the reinvestment of dividends.
−Removed: The graph and table assume that $100 was invested in our common stock and the two other indices on the last trading day of the initial year shown in the graph.
−Removed: Upon written request we will provide stockholders with a list of the REITs included in the BBG REIT Index.
−Removed: ANNALY CAPITAL MANAGEMENT, INC.
−Removed: AND SUBSIDIARIES
−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities
−Removed: Five-Year Share Performance
−Removed: Annaly Capital Management, Inc.
−Removed: S&P 500 Index
−Removed: BBG REIT Index
−Removed: The information in the share performance graph and table has been obtained from sources believed to be reliable, but neither the accuracy nor completeness can be guaranteed.
−Removed: The historical information set forth above is not necessarily indicative of future performance.
−Removed: Accordingly, we do not make or endorse any predictions as to future share performance.
−Removed: The above performance graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act or to the liabilities of Section 18 of the Securities Exchange Act, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act, except to the extent that we specifically incorporate it by reference into such a filing.
−Removed: Share Repurchase
−Removed: In June 2019, we announced that our Board authorized the repurchase of up to $1.5 billion of our outstanding common shares through December 31, 2020.
−Removed: The following table sets forth information with respect to this share repurchase program for the quarter ended December 31, 2019 .
−Removed: ANNALY CAPITAL MANAGEMENT, INC.
−Removed: AND SUBSIDIARIES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.