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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. So thank you, guys. Annaly Capital Management, Inc. Publishes Third Corporate NCG Committee (Chair)Corporate Responsibility Committee. Current positions of David Finkelstein. Compensation Information for David L. Finkelstein, Chief Executive The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. Thanks David. Mr. Campbell also worked at General Electric Capital Corporation and D.B. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York as well as a member of the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas. Ilker . Sure. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. Mr. Finkelstein earned a salary of $1,000,000.00, a bonus of $6,325,000.00, stock awards of $1,800,001.00, and other compensation of $13,763.00. from the University of Michigan and J.D. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Coronavirus Tips Working and Protection. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. Corporate Responsibility Committee (Chair)NCG CommitteeRisk Committee. 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. And did you guys say what your book value was through July? As we look at the buyback policy, it's not a point in time estimated, everything changes on a daily basis because asset prices changes in the relative attractiveness of buying back stock versus putting that capital to work in the portfolio changes and if you just think about the immediate accretion of the stock buyback in terms of book value versus the longer-term earnings of the portfolio, there is a trade-off there certainly and we generated 25% accretion from the buyback thus far. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . There are no executives at Annaly Capital Management Inc getting paid more. Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results 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. [Operator Instructions] Please note this event is being recorded. Learn More on Annaly Capital Management's active insiders. Our next question comes from Doug Harter with Credit Suisse. Most recently, on Friday, June 17th, David L. Finkelstein bought 200,000 shares of Annaly Capital Management stock. Thanks Brendon for your help and we hope everybody stay safe. Thanks. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. . Mr. . David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. Biography of David Finkelstein. My No. Ms. Wolfe currently serves on the boards of Berkshire Grey, Inc. and Doma Holdings, Inc. Ms. Wolfe received a Bachelor of Commerce in Accounting from the University of Queensland. Prior to joining Annaly in 2009, Mr. Green was a partner in the Corporate, Securities, Mergers & Acquisitions Group at K&L Gates LLP. In terms of how it's actually reflected in the yield it's not. in Finance and Economics from Kean University/University of Arizona, a M.B.A in Finance from Rutgers University and attended the Executive Education Program of the Colgate W. Darden Graduate School of Business Administration at the University of Virginia. David Finkelstein | AFL-CIO MSR has different structural aspects to it that make it very cheap, but nonetheless structural leverage is a little bit inferior right now to balance sheet leverage. I was wondering if you could talk a little bit more about the thought process around the hedge repositioning in the quarter, adding more hedges on the short end of the curve and then I guess should we expect more options hedging going forward. So it's not an apples-to-apples comparison. 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. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. Ms. Denahan has a B.S. Mr. Campbell currently serves on the Advisory Board for the Fitzgerald Institute of Real Estate at the University of Notre Dame. Mr. Finkelstein was appointed as Chief Executive Officer and elected to serve on the Board of Directors in March 2020. Donnell A. Segalas Concludes his Service as a Member of the Board of Mr. Finkelstein has over 25 years of experience in fixed income investments. Will His AI Plans Be Any Different? At the time we started quarter with a swap portfolio of about nine odd years I believe, now given how long that portfolio is in duration as we mentioned last quarter provides multiples of interest rate protection relative to the assets, which are much shorter in duration. Mr. Hamilton received a B.S. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. There are 11 older and 9 younger executives at Annaly Capital Management Inc. This report is not for commercial use. david finkelstein annaly compensation With the improved stability in the financial markets, we've seen an improvement of lenders appetite to finance credit assets particularly in the residential space in anticipation of the expiration of our FHLB membership in February of 2021, we're executing an offset financing strategy involving committed funding facilities for our residential credit business and as David mentioned, we maintain a strong presence in residential securitization market. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility. david finkelstein annaly compensation So we don't expect a meaningful increase in agency, but over the near term you can see a small uptick. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. Non-agency securities across legacy CRT jumbo 2.0 and non-QN have seen substantial recovery. Last updated: 1 March 2023 at 11:00am EST. Please go ahead. Over the last 20 years, insiders at Annaly Capital Management Inc have traded over $734,400 worth of Annaly Capital Management Inc stock and bought 3,810,453 units worth $38,359,155 Mr. Finkelstein has over 25 years of experience in fixed income investments. Yes the TBA role provided about $97.5 million post NIM for the quarter. 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. This point was evidenced the quarter with the improvement in fair value measures and resulting improved book value. NEW YORK, June 09, 2022--Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021 . 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. Book value increased our GAAP net income of $856 million or $0.58 per share, which includes $0.05 related to Cecil and specific reserves and higher other comprehensive income of $721 million or $0.51 per share on improved valuations on agency MBS resulting from lower market rates. Yeah I think prepay is kind of an obvious one outside of that. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Independent ChairAudit CommitteeNCG CommitteeRisk Committee. Of note, while last quarter each of our credit meters providing an in-depth look at their respective markets and portfolios to be efficient, I'll provide those updates today but as Purvi noted each of our business heads are here as well to join in Q&A. 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. Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. David Finkelstein | Department of Philosophy Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. 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. So we feel good about it. You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. [Operator instructions] Our first question comes from Eric Hagen with KBW. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. So it's reflected in your funding cost. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Get notified the next time David L. Finkelstein buys or sells Annaly Capital Management stock. 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. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. So that could change but derivatives without achieving a little bit as well as MSR for it to be more attractive. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its second corporate responsibility report for the year 2020, titled Leading with Purpose.The report demonstrates Annaly's continued focus on environmental, social and governance ("ESG") endeavors and provides an update on Annaly's ESG goals and commitments. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. 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. was elected to serve as an independent director of Annaly in February 2019. Until December 2017, Ms. Denahan served as Chairman of the Board of Annaly (from November 2012) and Executive Chairman of Annaly (from September 2015). It's all dependent Rick on the attractiveness of the repurchase option relative to other options in our capital allocation policy. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036. Shifting to residential credit, the sector saw significantly more activity as market dynamics began to improve following the crisis. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. David Finkelstein is Chief Executive Officer and a Board Director of Annaly Capital Management.<br><br>David has 25 years of experience in fixed income investments. Consisting of $22 million of additional reserves during the quarter primarily resulting from the impacts of COVID-19 on our [indiscernible] and more general reserves related to forecast for a deterioration in economic conditions and market values of $46.8 million. ANNALY@brunswickgroup.com, Navigate to the << Back to . 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. David L. Finkelstein Chief Executive Officer, President and Director: As a result we ran numerous scenarios in excess of 20, to determine the appropriate amount of Cecil reserves to the quarter and ultimately booked reserves that were considerably more conservative than our base case scenario. Dr. Hannan previously served as the Midwest Area Managing Partner for KPMGs Tax Services. David Finkelstein | Committee for Economic Development of The Please go ahead. As we gain further clarity around the long-term implications of COVID, we are reassured by the stable and defensive nature of our portfolio and remain confident in its ability to withstand prolonged bouts of market volatility. Musk Made a Mess at Twitter. Ms. Williams has over 17 years of compensation and governance experience. 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. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. 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. Wallmine is a radically better financial terminal. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . Additionally as noted above, core did benefit from a reduction in financing costs with low average repo rates down to 79 basis points from 1.77% combined with lower average repo balanced stands at $68.5 million from $96.8 million and we achieved these results while opportunistically extending our repo book term increasing our weighted average date of maturity by 50% from 48 days to 74 days. 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.