Annaly Capital Management, Inc. (NYSE:NLY) Files An 8-K Other EventsItem 8.01. Other Events.
On October 11, 2017, Annaly Capital Management, Inc. (the "Company") issued a press release announcing that Kevin G. Keyes, the Company's Chief Executive Officer and President and a member of the Board of Directors of the Company (the "Board"), has been appointed as Chairman of the Board, effective January 1, 2018, and that Wellington J. Denahan, presently the Company's Executive Chairman and Chairman of the Board, will retire from those positions, effective December 31, 2017, but remain as a member of the Board. Jonathan D. Green will continue to serve as the Company's Lead Independent Director following this transition.
A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
ANNALY CAPITAL MANAGEMENT INC ExhibitEX-99.1 2 a51697417ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 ANNALY CAPITAL MANAGEMENT,…To view the full exhibit click
About Annaly Capital Management, Inc. (NYSE:NLY)
Annaly Capital Management, Inc. (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. Its business operations primarily consist of Annaly Commercial Real Estate Group, Inc. (ACREG), which specializes in originating or acquiring, financing and managing commercial loans and other commercial real estate debt, commercial mortgage-backed securities and other commercial real estate-related assets; Annaly Middle Market Lending LLC (MML), which engages in corporate middle market lending transactions, and RCap Securities, Inc. (RCap), which operates as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA). It is managed by Annaly Management Company LLC.