John H. Schaefer was elected to serve as an independent director of Annaly in 2013. If you have an ad-blocker enabled you may be blocked from proceeding. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. David L. Finkelstein C.F.A. Learn More on David L. Finkelstein's trading history. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. We have to look at how attractive assets are and then put that in the context of where thee stock prices make a buyback decision based on that. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Signaling from a fed on continued low rates combined with considerable injection of additional reserves in the financial system through repo operation and asset purchases have led to very stable funding conditions with repo markets experiencing no signs of stress through the quarter even on pivotal month end and quarter end days 1.8. All proxy statements are public filings made available to the general public by the SEC. So thank you, guys. 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. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. Mr. Finkelstein has over 25 years of experience in fixed income investments. The corporate mailing address for Mr. Finkelstein and other Annaly Capital Management executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. Mar 16, 2020. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. The information shown here is a reporting of information included in the company's proxy statement. The dividend represented 10.5% yield on our book value which is in line with our historical average while being competitive relative to our peers and various fixed income benchmarks. And to repo financing remains ample. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. Corporate Responsibility Committee (Chair)NCG CommitteeRisk Committee. Is it picked up in your asset yield or your funding costs or both? David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. We would expect more equity allocated to it, certainly, with the option to apply a modest amount of leverage. Annaly Capital Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Annaly Capital Management Inc, Stocks and cryptocurrency portfolio tracker. 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 . 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. Sure Ken you bet and what I meant by that is that the increase in agency could occur over the very short term as credit markets are still redeveloping and we do have some runoff in that capital will be reallocated to agency over the very near term and when we say that, a very small percentage. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Social distancing and mandated shutdowns have damaged certain sectors of the economy and the corresponding impact on the labor market has been substantial. There are no executives at Annaly Capital Management Inc getting paid more. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Non-agency securities across legacy CRT jumbo 2.0 and non-QN have seen substantial recovery. Annaly Capital Management, Inc. (NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET, David Finkelstein - CEO & Chief Investment Officer, Tim Gallagher - Head, Commercial Real Estate. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. Most recently he exercised 7,989 units of NLY stock worth $50,490 on 29 January 2022. . As COO, Steve will expand on the work he's been doing as Head of Business Operations and work closely with the executive team to help oversee Annaly's overall operations and risk management functions. david finkelstein annaly compensationmostar bridge jump injuries. 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. No, it is not reflected in the funding cost. So that could change but derivatives without achieving a little bit as well as MSR for it to be more attractive. Learn More about insider trades at Annaly Capital Management. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. So we're very happy that the market picked up the slack and did a lot of that work. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. from Bowdoin College and a M.B.A. from the University of Connecticut. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. Serena Wolfe - CFO. Unit tranches and second lean loans within middle-market are experiencing more notable price discovery than its larger market blathering and we expect these gaps to remain as traditional middle-market participants grapple with their portfolios. So broadly speaking in agency it's probably pool pricing and in credit there could be unforeseen events given the economy that could disrupt individual assets. Thank you for attending today's presentation. Will His AI Plans Be Any Different? Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. Consistent with that strategy, since the beginning of the second quarter, we added $1.125 billion of capacity across two new credit facilities for our residential credit group, the permanent nonrecourse financing. 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. Okay. There was a depreciation in the amount on the balance sheet of MSR, half of which was amortization and the other half of which was the multiple compression. Okay. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. Mr. Reeves has also served as General Counsel & Secretary of The Duchossois Group, a family-owned holding company comprised of diversified operating companies and DCM, since 2007 and its Chief Administrative Officer since 2017. He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. Audit Committee (Chair)Management Development and Compensation CommitteeNCG Committee. Appreciate the color. Jun 09, 2022. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. is the Pres, CEO & Director at Annaly Capital Management Inc. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. For the agency derivatives portfolio, I realized you guys maybe [indiscernible] surface very often, but how much of your cost basis was amortized through core earnings in that portfolio last quarter and then with rates having coming down quite a bit, presumably some of those assets are cheap and how are you guys thinking about your footprint in that portfolio? Participants on this morning's call include David Finkelstein, Chief Executive Officer and Chief Investment Officer; Serena Wolfe, Chief Financial Officer; Mike Fania, Head of Residential Credit; Tim Gallagher, Head of Commercial Real Estate; Tim Coffey, Chief Credit Officer and Ilker Ertas, Head of Securitized Products. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. David L. Finkelstein Chief Executive Officer, President and Director: Our goal has been to maintain optimal liquidity thresholds and to manage the portfolio within conservative risk parameters to produce the highest level of quality earnings in this market environment. from the University of Michigan and J.D. Learn More on David L. Finkelstein's salary. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. Okay. Mr. Finkelstein has 25 years of experience in fixed income investments. 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. Actual events and results may differ materially from these forward-looking statements. The charts on this page feature a breakdown of the total annual pay for the top executives at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. So right now balance sheet leverage pools of finance through the repo market is more attractive than structural leverage meaning derivatives who when I say structural leverage I mean an asset whose outcome is dependent on a larger asset like derivatives are. is the Pres, CEO & Director at Annaly Capital Management Inc. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. And everything you said the two words that stood out everything changes. Prior to joining Annaly in April 2015, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as a Managing Director in the Credit Funds business. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. June 30, 2022 . Most recently, Mr. Hamilton served as a Strategic Advisor to the Global Head of Fixed Income, Currencies and Commodities at Barclays Capital in New York. Last updated: 2 February 2023 at 6:03pm EST. Our book value per share was $8.39 for Q2, a 12% increase from Q1 and we generated core earnings per share excluding PAA of $0.27, a 30% increase from the prior quarter. Ms. Wolfe held a variety of roles across industries since beginning her career at E&Y in 1998, including most recently as EYs Central Region Real Estate Hospitality & Construction leader since 2017. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . Musk Made a Mess at Twitter. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. 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. Mr. Green has over 20 years of experience in corporate and securities law. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. See David L Finkelstein's compensation, career history, education, & memberships. History of Analytic Philosophy. The lower coupon holdings are predominantly in TBAs and higher coupons are concentrated and specified pools in light of the meaningful elevation in prepayment speeds in this environment. Okay. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call. These funds represent a broad scope of investment strategies including equities, taxable fixed income, municipal bonds, and cash management. There are 11 older and 9 younger executives at Annaly Capital Management Inc. As a reminder, the impending model introduced by the new Cecil is based on expected losses rather than incurred losses, which was the previous management for reserve historically. During this call, we may present both GAAP and non-GAAP financial measures. 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. We continue to be impressed by the resiliency of our workforce and the exemplary service that our IT infrastructure team has provided to every one of us during the time of remote work.

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