On November 16, 2022, Annaly Capital Management, Inc. announced the departure of Ilker Ertas from his position as Chief Investment Officer of the Company, effective immediately. David Finkelstein, the Company's Chief Executive Officer and President, will re-assume the Chief Investment Officer position upon Mr. Ertas's departure. Mr. Finkelstein previously served as Chief Investment Officer of the Company from November 2016 until December 2021.