Annaly Appoints Michael Haylon to the Company's Board of Directors

NEW YORK--(BUSINESS WIRE)--

Annaly Capital Management, Inc. (NYSE: NLY) announced that Michael Haylon has been appointed a Class I Director of the Company by the Company's Board of Directors. Mr. Haylon will serve on the audit committee.

Mr. Haylon was Executive Vice President and Chief Financial Officer of the Phoenix Companies from 2004 until 2007, and Executive Vice President and Chief Investment Officer of the Phoenix Companies in 2002 and 2003. The primary businesses of the Phoenix Companies are life insurance, asset management and annuities. From 1995 until 2002, he held the positions of Executive Vice President of Phoenix Investment Partners, a NYSE-listed company, and President of Phoenix Investment Counsel, where he was responsible for the management and oversight of $25 billion in closed-end and open-end mutual funds, corporate pension funds and insurance company portfolios. Prior to joining Phoenix in 1990, Mr. Haylon served in a variety of capacities at Aetna Bond Investors, Travelers Insurance Companies and Philadelphia National Bank. Mr. Haylon has previously served on the boards of directors of Aberdeen Asset Management and Phoenix Investment Partners. He has a B.A. from Bowdoin College and an M.B.A. from the University of Connecticut.

"On behalf of all Annaly employees and shareholders, I want to thank Mike Haylon for making this commitment to our company and welcome him to our board of directors," said Michael A.J. Farrell, Annaly's chairman, chief executive officer and president. "I believe Mike's experience and expertise will be a valuable addition to our company."

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 is a Maryland corporation that has elected to be taxed as a real estate investment trust ("REIT").

Source: Annaly Capital Management, Inc.