Annaly Capital Management, Inc. Announces Management Changes
May 24, 2012 at 04:47 pm EDT
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Annaly Capital Management, Inc. announced that, at the AGM held on May 24, 2012, the shareholders elected Wellington J. Denahan-Norris, Michael Haylon and Donnell A. Segalas as class I directors to serve on the Board until 2015 annual meeting of stockholders and until their successors are duly elected and qualified and Jonathan D. Green was elected as a Class III director to serve on the Board until 2014 annual meeting of stockholders and until his successor is duly elected and qualified. The company's class II directors, who serve until 2013 annual meeting of stockholders, is Kevin P. Brady. The company's additional class III directors, who serve until 2014 annual meeting of stockholders, is Michael A.J. Farrell.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.