Annaly Capital Management, Inc. Announces Stockholder Meeting Dates

NEW YORK--(BUSINESS WIRE)--

Annaly Capital Management, Inc. (NYSE: NLY) announced today the dates for 2008 stockholder meetings.

The Company will hold a special meeting of the stockholders of Annaly on April 21, 2008, at 9:00 a.m., New York time, at the New York Marriott Marquis, 1535 Broadway, New York, New York 10036, to consider and vote on the proposal to approve an amendment of the Company charter to increase the number of authorized shares to 1,000,000,000 shares and any other matters as may properly come before the special meeting or any adjournment or postponement thereof. Annaly's charter currently authorizes the Company to issue up to a combined total of 500,000,000 shares of capital stock, par value $0.01 per share. As of March 13, 2008 the Company has issued 477,026,459 shares of capital stock, consisting of 465,013,959 shares of common stock and 12,012,500 shares of preferred stock. To retain the ability to issue additional shares of capital stock, the Company seeks to increase the authorized number of shares from 500,000,000 shares to 1,000,000,000 shares. The Company has no immediate plans to issue additional shares of capital stock. Only stockholders of record as of March 17, 2008, will be entitled to vote at this meeting.

The Company will hold the annual meeting of stockholders of Annaly on May 20, 2008 at 9:00 a.m., New York time, at the New York Marriott Marquis, 1535 Broadway, New York, New York 10036, to consider and vote on the proposals to elect three directors, ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2008 and any other matters as may properly come before our annual meeting or any adjournment or postponement thereof. Only stockholders of record as of March 27, 2008, will be entitled to vote at this meeting.

Annaly manages assets on behalf of institutional and individual investors worldwide through Annaly and through the funds managed by its wholly-owned registered investment advisor, FIDAC. The Company's principal business objective is to generate net income for distribution to investors from the spread between the interest income on its mortgage-backed securities and the cost of borrowing to finance their acquisition and from dividends Annaly receives from FIDAC, which earns investment advisory fee income. The Company, a Maryland corporation that has elected to be taxed as a real estate investment trust ("REIT"), currently has 465,013,959 shares of common stock outstanding.

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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, changes in the market value of our assets, changes in business conditions and the general economy, FIDAC's clients' removal of assets FIDAC manages, FIDAC's regulatory requirements, and competition in the investment management business, changes in government regulations affecting our business, and our ability to maintain our qualification as a REIT for federal income tax purposes. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim all 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.

Source: Annaly Capital Management, Inc.