Impact of Share Buyback on Annaly Capital
Annaly Capital Management, Inc. (NLY) announced that its Board of Directors has authorized the repurchase of up to $1.5 billion of its outstanding common shares over a 12 month period. Annaly currently has 975 million shares outstanding with a market cap of $15.59 billion. The buyback is 9.62% of the current market cap. Based on FY 2013 …