Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. Mr. Finkelstein received a B.A. Will Others Follow? A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. But when we think about reinvestment into for example, pools where we see the levered returns on agency MBS is in the context of 11% to 12% maybe a little bit higher and so as we look at the dividend right now at 10.5% yield on book value the reinvestment of agency runoff is perfectly consistent with that longer-term more steady-state level assuming rates in this context, but keep in mind we do have this near-term tailwind of specialness and some other factors that are beneficial to the portfolio where were out-earning the dividend this quarter. In the last twelve months, Annaly Capital Management insiders bought shares 1 times. There are no executives at Annaly Capital Management Inc getting paid more. And finally shifting to our outlook, as we think about our capital allocation out of the horizon, we've been focused on preserving flexibility given uncertainty in the greater economy related to COVID shutdown. 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. Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. 2020. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine David Finkelstein - President, CEO & Director. You may also find the annual proxy statement by going directly to the company's website. Learn More on David L. Finkelstein's salary. 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. Annaly's 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. Dr. Hannan is a former Global Lead Partner, National Managing Partner and Vice Chairman of KPMG, LLP, the U.S. member firm of the global audit, tax and advisory services firm KPMG International. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. Yeah it depends on the shape of the curve, like over the last couple of months, the term structure of repo has flattened pretty considerably, which has enabled us to extend out curve at very attractive rate. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. We can't say how long that will persist for, but we do think about this for much more than just the quarter or two where we do have the specialist and we're trying to get the appropriate level where we know it's sustainable and that's how we feel about it and if we continue to out-earn it that's perfectly okay because we're given the shareholder a 10.5% dividend yield on their book value. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. So we feel good about it. This chart shows David L Finkelstein's buying and selling at Annaly Capital Management by year and by quarter. But nonetheless it's a more balanced hedge profile now with a slight steepening bias and we took advantage of near zero rates at the front end of the curve, which we think has very limited downside potential in terms of those hedges losing money because it's not our view that we end up in a negative rate scenarios negative policy rate scenario that is. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. June however, did bring about an increase in new refinancing requests with some new acquisition activity at post-COVID purchase prices and simultaneously, we've seen a significant number of warehouse providers begin to close new loans although pricing levels have been reset higher. David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's . Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media conglomerate, since July 2018, where she is responsible for the companys global human resources function, including compensation, benefits, development and learning, talent acquisition, executive search, HR systems, and the HR service center. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. Okay. David L. Finkelstein C.F.A. Learn More on Annaly Capital Management's active insiders. Annaly's 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. 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. So thank you, guys. david finkelstein annaly compensationmostar bridge jump injuries. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We have entered a more normalized environment with fed action serving as a key driver and spreads have retraced much the widening experienced in March we do remain positive on the sector given ample funding availability at low rates due to rate volatility and a complete reversal of an inferior technical backdrop that characterizes sector at the outset of this year. This concludes our question-and-answer session. Mr. Schaefer has over 40 years of financial services experience including serving as a member of the management committee of Morgan Stanley from 1998 through 2005. These funds represent a broad scope of investment strategies including equities, taxable fixed income, municipal bonds, and cash management. 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 . ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Financial Highlights GAAP net income of $1.37 per average common share for the quarter Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter; unchanged from the prior . When expanded it provides a list of search options that will switch the search inputs to match the current selection. At quarter end, we closed our previously announced internalization transaction, which marks a significant step in the series of measures Annaly has implemented as an industry leader from a government standpoint. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly www.annaly.com Release Summary Donnell A. Segalas Concludes his Service as a Member of the Board of Annaly Capital Management, Inc. Thanks for that. Despite the challenging environment, we're pleased with how the portfolio has performed during the period ending the quarter essentially unchanged at $2.2 billion in assets. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Management Development and Compensation Committee (Chair)Audit Committee. 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. Please go ahead. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. 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. Currently, Dr. Hannan serves on the Board of Directors of Otis Elevator Co., Gingko Bioworks and Carpenter Technology Corporation, is Chairman of the Board of Trustees and a member of the Executive Committee of the Smithsonian National Museum of the American Indian, is a Trustee of the Committee for Economic Development in Washington D.C., and is an active member of Women Corporate Directors. Ms. Bovich is a member of The Economic Club of New York, and an emeritus trustee of Connecticut College and a Member of the Investment Sub-Committee for its endowment. 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? They purchased a total of 200,000 shares worth more than $1,112,000.00. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. Corporate Responsibility CommitteeRisk Committee. David Finkelstein - Chief Executive Officer & Chief - LinkedIn 212-333-3810 Ms. Williams received a B.S. 25. times its median employee's . Last updated: 2 February 2023 at 6:03pm EST. 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. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. 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. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. Jun 09, 2022. Under the standard an entity recognizes its estimate of lifetime expected credit losses as an allowance, which the fed believes will result in more timely recognition of such losses and while changes in economic scenarios and asset performance in the future will impact Cecil reserves in subsequent quarters, current reserve levels should not be considered as a pervasive credit issue within the portfolio or an indication of what reserves may be recorded in the future. Now to begin with, I wanted to touch on a few strategic corporate actions we've taken as of late. David L. Finkelstein Chief Executive Officer, President and Director: Biography of David Finkelstein. ANNALY CAPITAL MANAGEMENT Executive Salaries & Other Compensation NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021, titled Taking Stock of Our Impact. This point was evidenced the quarter with the improvement in fair value measures and resulting improved book value. Zwirn & Co., L.P. with a focus on credit and debt restructuring. 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 . On the financing side, our weighted average cost of borrowing decreased by roughly 60 basis points to 2.7% driven largely by a reduction in LIBOR given the fed cuts. 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. 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 - Chief . from Loras College. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. I wanted to talk a little bit about dividend policy. This reduced our pay rate as well as shorten the maturity of our swap portfolio. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. From 1991 through 2005, Ms. Bovich served as the U.S. Representative to the United Nations Investment Committee, which advised a global portfolio of approximately $30 billion. History of Analytic Philosophy. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital .
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