Annaly Capital Management

Annaly Capital Management, Inc. operates as a comprehensive capital management firm, with its primary business activities focused on mortgage financing and providing loans to middle-market corporations. The company maintains a diverse investment portfolio, which includes agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, direct residential mortgage loans, credit risk transfer instruments, corporate debt obligations, and other commercial real estate ventures. Annaly has chosen to be classified as a Real Estate Investment Trust (REIT) for tax purposes. This REIT designation allows the company to be exempt from federal income taxation, contingent upon distributing its taxable earnings to its shareholders. The firm was established in 1996 and is headquartered in New York City.