Legal Notices

Terms And Conditions Of Use

Please Read These Terms and Conditions Carefully Before Using This Site.

This portion of the website is provided by Fixed Income Discount Advisory Company (FIDAC) and may be used for informational purposes only. By using the site or downloading materials from the site, you agree to abide by the terms and conditions set forth in this notice. If you do not agree to abide by these terms and conditions do not use the site or download materials from the site.

Nature of the Information

FIDAC and its affiliates assume no responsibility regarding the accuracy of the information it provides on this website. The user of any information from this website uses such information at their own risk.

Forward-Looking Statements

Certain statements contained in this website or in websites which are linked to this website may not be based on historical facts and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on various assumptions (some of which are beyond our control), may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates, changes in yield curve, changes in prepayment rates, the availability of mortgage-backed securities for purchase, the availability of financing and, if available, the terms of any financing, and risks associated with the investment advisory business of our wholly owned subsidiary, FIDAC, including the removal by FIDAC’s clients of assets FIDAC manages, FIDAC’s regulatory requirements and competition in the investment advisory business. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, please see the information under the caption “Risk Factors” described in our Form 10-K and in other filings we make with the Securities and Exchange Commission. We do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Third Party Websites

We may provide, on our website, links to websites operated by third parties as a convenience to you. If you use these other sites, you will leave this website. If you decide to visit any linked site, you do so at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. We make no representation or warranty regarding, and do not endorse, any linked websites or the information appearing thereon or any of the products or services described thereon.

Waiver of Liability

FIDAC AND ITS AFFILIATES SHALL NOT BE LIABLE UNDER ANY CIRCUMSTANCES TO ANY PARTY FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, OR OTHERWISE. FIDAC AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY SUCH DAMAGES EVEN IF IT IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

INFORMATION ON THIS WEBSITE MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. FIDAC AND ITS AFFILIATES HAVE PROVIDED ALL INFORMATION ON AN “AS IS” BASIS ONLY. FIDAC AND ITS AFFILIATES MAKE NO REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY AND NONINFRINGEMENT.

The data set forth herein is for information purposes only, and no warranty is made that the information is error-free.

Commentaries and Other Information

THE COMMENTARIES AND OTHER INFORMATION PRESENTED ON THIS WEBSITE OR IN WEBSITES LINKED TO THIS WEBSITE ARE NEITHER AN OFFER TO SELL, NOR A SOLICITATION OF AN OFFER TO BUY, ANY SECURITIES OF ANNALY OR ANY OTHER COMPANY.

Intellectual Property

FIDAC and its affiliates are not granting any copyright license, patent or any other intellectual property right by providing the information on this website. You must adhere to all other copyright or other proprietary notices contained on this website.

General

Information may be changed or updated without notice. All information discussed or referenced on this website may change regularly and rapidly. While we have attempted to make the information current at the time of its writing, it may well be or become outdated, stale or otherwise subject to a variety of legal qualifications by the time you actually read it. Also, please understand that this website is not designed to advance or sell any particular securities. Any such references are purely for illustrative purposes. Any discussion of the securities of any particular company does not constitute any endorsement of it by FIDAC and its affiliates. You must understand and determine on your own what you need to do in order to make intelligent decisions in connection with the matters discussed on this website, and to obtain competent advice before making any investment decisions.