NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) announces that Michael A.J.
Farrell, its Chairman, CEO and President, was named to the Executive
Board of the National Association of Real Estate Investment Trusts
(NAREIT). In addition to being NAREIT’s governing authority, the
Executive Board also appoints members of the organization’s Audit and
Investment Committee and an advisory Board of Governors consisting of
NAREIT members. Mr. Farrell also serves on NAREIT’s Mortgage REIT
Council, where he chairs the residential sub-committee.
NAREIT is the representative voice for U.S. REITs and publicly traded
real estate companies worldwide. Members are REITs and other businesses
that own, operate and finance income-producing real estate, as well as
those firms and individuals who advise, study and service those
businesses.
Annaly manages assets on behalf of institutional and individual
investors worldwide. The Company’s principal business objective is to
generate net income for distribution to investors from its investment
securities and from dividends it receives from its subsidiaries.
Source: Annaly Capital Management, Inc.