Merganser Subsidiary

Merganser Capital Management LP (“Merganser”) is a wholly-owned subsidiary of Annaly Capital Management, Inc. (NYSE:NLY), a publicly traded real estate investment trust (“REIT”).  Formed in 1985 and acquired by Annaly in November 2008, Merganser is a Boston-based institutional fixed-income manager. 

Merganser employs a team of experienced and dedicated professionals focused on serving the fixed income investment needs of institutional clients. Since 1985, Merganser has worked to deliver consistent results and high quality service in order to build strong and lasting relationships with institutional investment management clients. Based in Boston, Merganser offers cash enhancement, short-term bond, intermediate bond and core bond strategies, as well as customized product portfolios.

To learn more about Merganser please visit the Company website at www.merganser.com.