Annaly Capital Management, Inc. Expands Board with Election of Eric A. Reeves
March 22, 2021 at 08:15 pm
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Annaly Capital Management, Inc. announced that the Board of Directors of the company has elected Eric A. Reeves, Managing Director, Head of Private Capital Investments of Duchossois Capital Management (“DCM”) and General Counsel & Secretary and Chief Administrative Officer of The Duchossois Group, as an independent member of the Board, effective March 19, 2021. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of DCM since 2017. Mr. Reeves has been appointed to the Board’s Nominating/Corporate Governance and Corporate Responsibility Committees.
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.