This is more debt for NLY but the new buyers have priority over you as a common shareholder who is unsecured. This new issue of senior debt must be repaid but the regular shareholders get nothing if there is money problems down the road. They must need some more cash to pay their executives their ungodly salaries.
these are the guys that do that! With 2 yr. and fed paper paying nothing! Investors who don't manage their money as in day trading. ... we want return. NLY has always given return. they are the cream! I am long. do not trade. yeah NLY. great timing! the markets are hungry for solid debt. NLY provides that debt management. it's what they do. and yes they are the very best! better than GS or JPM. which i also like and own.