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New York
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Company Description

Contact Info

1211 Avenue of the Americas

New York, NY 10036

United States

Phone: 212-696-0100


Annaly Capital Management, Inc. operates as a mortgage real estate investment trust (REIT). The company owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, agency debentures, credit risk transfer (CRT) securities, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The company is externally managed by Annaly Management Company LLC (the Manager). The company’s business operations include a centralized collateral management function that permits in-house settlement and self-clearing. Annaly: The company’s parent, Annaly, invests primarily in various types of agency mortgage-backed securities and related derivatives to hedge these investments. Its portfolio also includes residential credit investments such as CRTs and non-Agency mortgage-backed securities. Annaly Commercial Real Estate Group, Inc. (ACREG): The company’s wholly-owned subsidiary, ACREG, engages in acquiring, financing, and managing commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities and other commercial real estate-related assets. Annaly Middle Market Lending LLC (MML), a wholly-owned subsidiary which engages in corporate middle market lending transactions. RCap Securities, Inc. (RCap): The company’s wholly-owned subsidiary, RCap, operates as a broker-dealer and is a member of the Financial Industry Regulatory Authority. Targeted Asset Class Agency Mortgage-Backed Securities: The company’s primary investments consist of Agency pass-through certificates, collateralized mortgage obligations issued or guaranteed by Freddie Mac, Fannie Mae or Ginnie Mae, and other securities, such as interest-only securities and inverse floaters. These securities are backed by single-family or multi-family residences with loan maturities typically ranging from 15 to 40 years and may have fixed or floating coupons. To-Be-Announced (TBAs): The company purchases and sells TBAs, which are forward contracts for Agency mortgage-backed securities. TBA contracts specify a few basic characteristics of the Agency mortgage-backed securities, such as the coupon rate, the issuer, term, and the approximate face value of the bonds to be delivered, with the actual bonds to be delivered only identified shortly before the TBA settlement date. Agency Debentures: The company invests in debt issued by Freddie Mac, Fannie Mae or the Federal Home Loan Banks. These debentures are not backed by collateral, but by the creditworthiness of the issuer. Residential Credit Investments: The company invests in residential credit investments, including: investments in single-family and multi-family privately-issued certificates that are not issued by one of the Agencies, securities backed by a pool of non-performing or re-performing loans, Agency risk sharing transactions issued by Fannie Mae and Freddie Mac and similarly structured transactions arranged by third party market participants. The company may invests in individual residential loans and pools of loans. Commercial Commercial Real Estate: The company, through ACREG, originates and acquires commercial real estate debt, including commercial mortgage loans, commercial mortgage-backed securities, B-notes, mezzanine loans, preferred equity and other commercial real estate-related debt investments. The company also acquires real property for cash flow, long-term appreciation and earnings growth. Corporate Debt: The company, through MML, invests a small percentage of its assets directly in the ownership of corporate loans and debt securities for middle market companies. Tax Status The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. As a result, the company is not subject to Federal or State income taxation at the corporate level to the extent it distributes annually approximately 90% of its REIT taxable income to its shareholders and satisfies certain other requirements. History Annaly Capital Management, Inc., a Maryland corporation, was founded in 1996. The company commenced its operations in 1997.


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