Annaly Capital Management
Annaly Capital Management is one of the largest mortgage real estate investment trusts. It is organized in Maryland with its principal office in New York City. The company borrows money, primarily via short term repurchase agreements, and reinvests the proceeds in asset-backed securities.
Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly’sprincipal business objective is to generate net income for distribution to its stockholders and to preserve capital throughprudent selection of investments and continuous management of its portfolio. Annaly has elected to be taxed as a realestate investment trust, or REIT, for federal income tax purposes. Annaly is externally managed by Annaly ManagementCompany LLC.
