Annaly Capital Management, Inc. (“Annaly”) is a leading diversified capital manager that invests in and finances residential and commercial assets. Since our founding in 1996 and subsequent initial public offering (“IPO”) in 1997, we have generated net income for distribution to our shareholders and have preserved capital through the prudent selection of investments and continued management of our portfolio. With approximately $89.5 billion in assets(1), our portfolio includes securities, loans and equity in both the residential and commercial markets. Annaly has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.
Annaly is externally managed by Annaly Management Company LLC. Annaly’s manager guides the company's overall business strategy and oversees its investment portfolio and financial services processes and solutions.