Annaly Capital Management, Inc. 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 in 1997, we have generated net income for distribution to our shareholders and have managed capital through the prudent selection of investments and effective management of our portfolio. With approximately $93 billion in assets as of December 31, 2016, our portfolio spans 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 its overall business strategy and oversees its investment portfolio and financial services processes and solutions.