Annaly Appoints John Schaefer to the Company's Board of Directors
NEW YORK -- March 18, 2013
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today
announced that John Schaefer has been appointed as a member of the Board of
Directors of the Company by the Company's Board of Directors.
Mr. Schaefer has over 30 years financial services experience including serving
as a member of the management committee of Morgan Stanley from 1998 through
2005 and as President and Chief Operating Officer of the Global Wealth
Management division of Morgan Stanley. Mr. Schaefer retired in February 2006
and from 2008 through 2012 served as a board member and chair of the audit
committee of USI Holdings Corporation. Mr. Schaefer has a B.B.A. in Accounting
from the University of Notre Dame and an M.B.A. from the Harvard Graduate
School of Business.
"On behalf of all Annaly employees and shareholders, I want to thank John
Schaefer for making this commitment to our company and welcome him to our
board of directors," said Wellington J. Denahan, Annaly's Chairman and Chief
Executive Officer. "I believe John's broad financial services experience and
strong management background will be a valuable addition to our company."
Annaly’s principal business objective is to generate net income for
distribution to shareholders from its investment securities and from dividends
it receives from its subsidiaries. Annaly is a Maryland corporation that has
elected to be taxed as a real estate investment trust (“REIT”).
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Forward-looking statements
which are based on various assumptions (some of which are beyond our control)
may be identified by reference to a future period or periods or by the use of
forward-looking terminology, such as "may," "will," "believe," "expect,"
"anticipate," "continue," or similar terms or variations on those terms or the
negative of those terms. Actual results could differ materially from those set
forth in forward-looking statements due to a variety of factors, including,
but not limited to, changes in interest rates; changes in the yield curve;
changes in prepayment rates; the availability of mortgage-backed securities
for purchase; the availability of financing and, if available, the terms of
any financings; changes in the market value of our assets; changes in business
conditions and the general economy; our ability to consummate any contemplated
investment opportunities; our ability to integrate the commercial mortgage
business; risks associated with the businesses of our subsidiaries, including
the investment advisory business of our wholly-owned subsidiaries, including:
the removal by clients of assets managed, their regulatory requirements, and
competition in the investment advisory business; risks associated with the
broker-dealer business of our wholly-owned subsidiary; changes in government
regulations affecting our business; our ability to maintain our qualification
as a REIT for federal income tax purposes; and our ability to maintain our
exemption from registration under the Investment Company Act of 1940, as
amended. For a discussion of the risks and uncertainties which could cause
actual results to differ from those contained in the forward-looking
statements, see "Risk Factors" in our most recent Annual Report on Form 10-K
and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the result of any
revisions which may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statements.
Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly
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