Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. So it's reflected in your funding cost. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. There are no executives at Annaly Capital Management Inc getting paid more. Thanks. in Economics from Connecticut College and an M.B.A. in Finance from New York University. Okay. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. We add the incremental dollar role income to core income and then the outcome. As I mentioned last quarter, we expect to see more growth in this segment as markets continue to normalize and we are encouraged by the steady pace of securitization activity to support our asset generation strategy. And then our TBA balances roughly unchanged for the quarter and with respect to what we expect for the third quarter is likely to be in the proximity of where we were at for Q2 maybe a touch higher. Okay. NEW YORK--(BUSINESS WIRE)-- Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. This information is according to proxy statements filed for the 2021 fiscal year. Michael Haylon was elected to serve as an independent director of Annaly in 2008. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. My No. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. Mr. Finkelstein received a B.A. 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. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital . Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. He began his investment banking career at E.F. Hutton & Company in 1976. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC. David Finkelstein Net Worth, Biography, and Insider Trading David Finkelstein - Biography - MarketScreener.com 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 Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. We delivered an economic return of nearly 15% and achieved core earnings well in excess of our right size dividend. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. The information shown here is a reporting of information included in the company's proxy statement. 1-888-8Annaly Annaly Capital Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Annaly Capital Management Inc, Stocks and cryptocurrency portfolio tracker. Now turning specifically to the agency market, the fed's purchase in upwards of $850 billion MBS in just over four months has dramatically altered the supply and demand picture for the sector. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . Now of additional note with respect to our direct lending portfolios, we have taken what we believe to be a very conservative approach regarding reserves and Cecil adjustment which Serena will discuss in further detail. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. As David touched on, our economic leverage declined to 6.4 times from 6.8 times quarter-over-quarter, which was mainly due to a decrease in repo balance of $5.4 billion and an increase in our equity-base of $1.1 billion that was partially offset by an increase in TBA contracts of $5.8 million and an increase in net payables for investments purchased of $1.5 billion. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. It did get below that level in early 2019 to about 49 basis points and then the last time prior to that was 2017 and before that it was pre-crisis. from the University of Michigan and J.D. Please go ahead. investor@annaly.com, Brunswick Group 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. Prior to joining Annaly in 2013, Mr. Votek was an Executive Vice President and Treasurer at CIT Group since 1999 and also President of Consumer Finance since 2012. Do you expect any meaningful shift in terms of equity capital allocation going forward, thanks? We don't complete clarity on the economy and some of that runoff could go into the agency sector. Current positions of David Finkelstein. We also announced two leadership changes, Steve Campbell was appointed as Chief Operating Officer and Glenn Votek will retire from his role as Senior Advisor at the end of August while remaining a Director on our board. This report is not for commercial use. We do not undertake and specifically disclaim any obligation to update or revise this information. The average price of those shares was I believe $6.30 or meaningfully above that level now. Musk Made a Mess at Twitter. I'm curious how you guys are looking at this and especially in light of having cut the dividend earlier in the year? While at KPMG, Dr. Hannan also founded the KPMG Womens Advisory Board. I am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. Below are excerpts from my letter to shareholders, released April 7, 2021. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. In comparison our base case scenario was altered in a modest release of reserve, which we felt inappropriate given the continued economic uncertainty centered around the evolving pandemic. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. Prior to joining Annaly in 2009, Mr. Green was a partner in the Corporate, Securities, Mergers & Acquisitions Group at K&L Gates LLP. This point was evidenced the quarter with the improvement in fair value measures and resulting improved book value. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. Now with respect to options, we did reinvest a lot of the runoff in our swap portfolio back in out of money options and I'll tell you going forward that will be a function of the level of implied volatility. Annaly Capital Management, Inc. Announces Executive Management Audit Committee (Chair)Management Development and Compensation CommitteeNCG Committee. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. California Weighs $360,000 in Reparations to Eligible Black Residents. Annaly Capital Management's insider roster includes David Finkelstein (CEO), and Thomas Hamilton (Director). From 1980 until 1984, he was a Senior Financial Analyst at Travelers Insurance Companies. 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. Prior to joining NBCUniversal, Ms. Williams was a Partner with Pay Governance LLC and a Principal with Towers Perrin (now Willis Towers Watson). The largest trade he's ever made was buying 200,000 units of Annaly Capital Management Inc stock on 17 June 2022 worth over $1,112,000. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Is this special mix reflected in both the asset yield and the cost of funds and then how big is your TBA balance now versus the end of June? Mr. David L. Finkelstein C.F.A. Now in terms of amortization of the cost, I'll give you the MSR for example, which mimics the derivates portfolio. Previously, Ms. Denahan served as Chief Executive Officer of Annaly from November 2012 to September 2015 and as Co-Chief Executive Officer of Annaly from October 2012 to November 2012. david finkelstein annaly compensation - eztransport123.com Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ANNALY CAPITAL MANAGEMENT Compensation by Company. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY. My Letter to Shareholders - LinkedIn Ms. Denahan has a B.S. We would expect more equity allocated to it, certainly, with the option to apply a modest amount of leverage. We remain comfortable with our existing credit portfolios and the associated Cecil reserves and will continue to monitor specific asset performance and economic projections as we determine future reserves. Ms. Bovich has a B.A. Mr. Hamilton has served as a Director of Larimar Therapeutics, Inc., a clinical-stage biotechnology company focused on developing treatments for rare complex diseases, since May 2020 when Chondrial Therapeutics, Inc. merged with Zafgen, Inc. and the combined company began operating as Larimar. It's been relatively calm. Current positions of David Finkelstein. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. Most recently he exercised 6,186 units of NLY stock worth $125,761 on 1 February 2023. This report is not for commercial use. As David mentioned earlier, the stabilizing actions of the Fed coupled with our active portfolio management resulted in improved fed value of our agency assets and significant improvement in financial performance. 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. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Learn More on David L. Finkelstein's salary. June 30, 2022 . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. david finkelstein annaly compensation. Ms. Williams previously served as Senior Vice President, Compensation, Benefits and HRIS at NBCUniversal beginning in 2011. This button displays the currently selected search type. This chart shows David L Finkelstein's buying and selling at Annaly Capital Management by year and by quarter. Hey how much did TBAs add to your net interest margin for the quarter? Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. Kathy Hopinkah Hannan, Ph.D., C.P.A. Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. Chief Executive OfficerChief Investment Officer. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. From September 2010 to December 2011, Mr. Haylon served as Head of Investment Product Management at General Re New England Asset Management. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. . 2022-2023 Spring Category. Please go ahead. 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. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. 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. Please go ahead. The economic slowdown brought on by the pandemic has obviously created considerable uncertainty and this is different kind of recession than that which we've experienced in the past, given the unprecedented speed and magnitude of the downturn. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Corporate Responsibility CommitteeRisk Committee. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. They purchased a total of 200,000 shares worth more than $1,112,000.00. Additionally, the report incorporates summary ESG metrics for the past three years, which include further details on the composition of Annalys Board of Directors and employees, philanthropy and volunteerism efforts and environmental indicators. Mr. Haylon has previously served on the boards of Aberdeen Asset Management and Phoenix Investment Partners. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. david finkelstein annaly compensation The chart on this page features a breakdown of the total annual pay for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. David Finkelstein-- Chief Executive Officer and Chief Investment Officer Yeah. Appreciate the color. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . This underscores our belief that the stock is undervalued relative to our book value and affirms our support of the value of our stock through the various capital allocation tools we have on hand. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. Is this happening to you frequently? After a pace of purchases at the height of the volatility to reach nearly $50 billion per day to help stabilize sector, that is transitioned to a steady run rate of $40 billion per month net of portfolio runoff, which on a gross basis equates to roughly 40% current agency issuance. The report demonstrates Annalys continued focus on setting and measuring progress on environmental, social and governance (ESG) goals, as well as its commitment to providing increased disclosure and transparency. Mr. Finkelstein has over 25 years of experience in fixed income investments. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions (and our outlook for our business in light of these conditions, which is uncertain); changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our middle market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; risks related to investments in mortgage servicing rights; our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act.

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