NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”)
today announced that John Schaefer has been appointed as a member of the
Board of Directors of the Company by the Company's Board of Directors.
Mr. Schaefer has over 30 years financial services experience including
serving as a member of the management committee of Morgan Stanley from
1998 through 2005 and as President and Chief Operating Officer of the
Global Wealth Management division of Morgan Stanley. Mr. Schaefer
retired in February 2006 and from 2008 through 2012 served as a board
member and chair of the audit committee of USI Holdings Corporation. Mr.
Schaefer has a B.B.A. in Accounting from the University of Notre Dame
and an M.B.A. from the Harvard Graduate School of Business.
"On behalf of all Annaly employees and shareholders, I want to thank
John Schaefer for making this commitment to our company and welcome him
to our board of directors," said Wellington J. Denahan, Annaly's
Chairman and Chief Executive Officer. "I believe John's broad financial
services experience and strong management background will be a valuable
addition to our company."
Annaly’s principal business objective is to generate net income for
distribution to shareholders from its investment securities and from
dividends it receives from its subsidiaries. Annaly is a Maryland
corporation that has elected to be taxed as a real estate investment
trust (“REIT”).
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, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
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 the 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 financings; changes in the market value of
our assets; changes in business conditions and the general economy; our
ability to consummate any contemplated investment opportunities; our
ability to integrate the commercial mortgage business; risks associated
with the businesses of our subsidiaries, including the investment
advisory business of our wholly-owned subsidiaries, including: the
removal by clients of assets managed, their regulatory requirements, and
competition in the investment advisory business; risks associated with
the broker-dealer business of our wholly-owned subsidiary; changes in
government regulations affecting our business; our ability to maintain
our qualification as a REIT for federal income tax purposes; and our
ability to maintain our exemption from registration under the Investment
Company Act of 1940, as amended. 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
most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q. 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.
Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.