Annaly Capital Management, Inc. Announces Board Changes
May 20, 2020 at 09:15 pm
Share
Annaly Capital Management, Inc. announced that director Jonathan D. Green stepped down from the Company’s Board of Directors upon the scheduled expiration of his term at the Company’s Annual Meeting of Stockholders held on May 20, 2020. Following the Annual Meeting, Ms. Wellington Denahan assumed the role of Chair of Annaly’s Risk Committee and independent director Katie Beirne Fallon replaced Mr. Green as Chair of Annaly’s Corporate Responsibility Committee, bringing the proportion of Board Committees chaired by women to 80%.
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.