NLY

Annaly Capital Management, Inc. (NYSE:NLY) is a diversified capital manager founded in 1996 and headquartered in New York. The company operates as a real estate investment trust (REIT) specializing in mortgage finance and corporate middle market lending. Since going public in 1997, Annaly has established itself as one of the largest mortgage REITs in the United States, focusing primarily on agency mortgage-backed securities, residential credit investments, and mortgage servicing rights. The company has elected REIT status, which allows it to avoid federal income taxation provided it distributes substantially all of its taxable income to shareholders as dividends.