Insiders at Annaly Capital Management own 0.3% of the company. Serena Wolfe is Chief Financial Officer of Annaly. Annaly Capital Management, Inc. (NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET, David Finkelstein - CEO & Chief Investment Officer, Tim Gallagher - Head, Commercial Real Estate. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. You may also find the annual proxy statement by going directly to the company's website. . From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. 2014. Consequently, we reduced leverage during the quarter from 6.8 times to 6.4 times and made the prudent decision to set our quarterly dividend at $0.22. 1-888-8Annaly David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in . The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. Mr. Schaefer was Executive Vice President and Chief Strategic and Administrative Officer of Morgan Stanley from 1998 to 2000. Learn More on David L. Finkelstein's trading history. Unit tranches and second lean loans within middle-market are experiencing more notable price discovery than its larger market blathering and we expect these gaps to remain as traditional middle-market participants grapple with their portfolios. Do you expect any meaningful shift in terms of equity capital allocation going forward, thanks? Yeah it depends on the shape of the curve, like over the last couple of months, the term structure of repo has flattened pretty considerably, which has enabled us to extend out curve at very attractive rate. I think that's probably the best description of what we brought them through the shares. We're experiencing a meaningful imbalance between supply and demand as a cyclically low number of housing units, meets continued strong household formations and anecdotal evidence suggests that pandemic disruptions that limited impact on the home buying and refinancing processes. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media . Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call. We were certainly careful to take prudent steps during the early phase of the market recovery to ensure we are well positioned to capitalize on the opportunities that are sure to arise. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital Management Inc. Mr has made over 11 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. In fact some of our industry concentrations have maturely benefited from the current environment. Ms. Williams received a B.S. At quarter end, we closed our previously announced internalization transaction, which marks a significant step in the series of measures Annaly has implemented as an industry leader from a government standpoint. But when you look at the portfolio and the economic return of the portfolio on the quarter, that was 15% and that persists we think. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. Mr. David L. Finkelstein C.F.A. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He joined the firm in 2013 and assumed the role of Chief Investment Officer in 2016. Mr. Reeves is a member of the Henry Crown Fellows at the Aspen Institute and was honored as a Chicago United Business Leader of Color. Right. The lower coupon holdings are predominantly in TBAs and higher coupons are concentrated and specified pools in light of the meaningful elevation in prepayment speeds in this environment. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. You may also find the annual proxy statement by going directly to the company's website. We don't anticipate increasing agency meaningfully, but we do recognize that these credit markets are a little bit slow to redevelop. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media conglomerate, since July 2018, where she is responsible for the companys global human resources function, including compensation, benefits, development and learning, talent acquisition, executive search, HR systems, and the HR service center. Also as David mentioned, our internalization transaction closed at the end of the quarter and we anticipate generating cost savings over the long time as we embark on being an internally managed company. We feel good about where pools are at. is the Pres, CEO & Director at Annaly Capital Management Inc. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. Shifting to middle-market lending, activity has also picked up as of late as spreads have tightened and sponsors have refinanced transactions that have exhibited improving underlying leverage profiles. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. Thanks for that. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. As an internally managed REIT, we look forward to demonstrating increased transparency and alignment with our shareholders who will benefit from our ability to be more nimble in the way we do business in order to generate long-term value. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (the "Company" or "Annaly") today announced management promotions within its senior executive team, which are effective immediately. As the latest data indicates over 90% of renters made a full or partial rent payment as of June and in the office sector, although new leasing has slowed significantly, office REITs have reported strong rent recollections above 90% throughout the back end of the second quarter. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report f Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. The most recent insider tranaction occured on June, 17th when CEO David L Finkelstein bought 200,000 shares worth more than $1,112,000.00. Wallmine is a radically better financial terminal. Data Year: 2021. in Economics and Political Science from the University of Pennsylvania and a J.D. Prior to the 1997 merger of Dean Witter, Discover and Morgan Stanley, Mr. Schaefer was Executive Vice President, Investment Banking and Head of Corporate Finance at Dean Witter, a position he had held since 1991. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Prior to joining Annaly in December 2019, Ms. Wolfe had served as a Partner at Ernst & Young LLP (E&Y) since 2011. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Last updated: 1 March 2023 at 11:00am EST. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Mr. Finkelstein received a B.A. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. From 1991 through 2005, Ms. Bovich served as the U.S. Representative to the United Nations Investment Committee, which advised a global portfolio of approximately $30 billion. Mr. Haylon has served as a Managing Director at Conning, Inc. since January 2012 and previously served as Head of Asset Management Sales, Products and Marketing from December 2014 until June 2018 and as Head of Investment Products from January 2012 until December 2014. Mr. Finkelstein has 25 years of experience in fixed income investments. Mar 16, 2020. Click Here for Your Free Ultimate Dividend Package. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Will Others Follow? It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. From 1986 until 1990, he was Managing Director at Aetna Bond Investors where he was responsible for management of insurance company and pension fund portfolios. With respect to the incremental benefit of the TBA position for the second quarter, I'll say I think the actual dollar contribution or in pennies was about $0.07 and with respect to the NIM contribution, Serena you can. In the latest report, the Company included additional disclosures outlining climate-related risks and opportunities across its business in the short-, medium- and long-term horizons following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). These initiatives are a testament to our focus on driving shareholder value, ensuring that the firm as a whole, our structure as well as our portfolio is positioned to continue outperforming as our second quarter results demonstrate. 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. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. [Operator instructions] Our first question comes from Eric Hagen with KBW. . We have to look at how attractive assets are and then put that in the context of where thee stock prices make a buyback decision based on that. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. investor@annaly.com, Brunswick Group We believe our focused industry-specific positioning within nondiscretionary defensive and mission-critical names will generate the outperformance for peers that will further differentiate our brand in the sector. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. And with that, I'll turn it over to operator for questions. Enter your email address below to get our daily insider buying and selling report. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. Mr. Campbell also worked at General Electric Capital Corporation and D.B. So we set the dividend at $0.22 because we believe that to be the sustainable level for the foreseeable future as long as we had a lens into the horizon. Thomas Hamilton was elected to serve as an independent director of Annaly in March 2019. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. and LL.M. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036.
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