Mr. Votek holds a B.S. As an internally managed REIT, we look forward to demonstrating increased transparency and alignment with our shareholders who will benefit from our ability to be more nimble in the way we do business in order to generate long-term value. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY. He was Chief Financial Officer of the Phoenix Companies, Inc. from 2004 until 2007, and Executive Vice President and Chief Investment Officer of the Phoenix Companies in 2002 and 2003. Prior to the 1997 merger of Dean Witter, Discover and Morgan Stanley, Mr. Schaefer was Executive Vice President, Investment Banking and Head of Corporate Finance at Dean Witter, a position he had held since 1991. 1-888-8Annaly Ms. Wolfe currently serves on the boards of Berkshire Grey, Inc. and Doma Holdings, Inc. Ms. Wolfe received a Bachelor of Commerce in Accounting from the University of Queensland. Right. During this call, we may present both GAAP and non-GAAP financial measures. Last updated: 1 March 2023 at 11:00am EST. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Annaly Capital Management's insider roster includes David Finkelstein (CEO), and Thomas Hamilton (Director). This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. [Operator instructions] Our next question comes from George Bahamondes with Deutsche Bank. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. Audit CommitteeManagement Development and Compensation CommitteeRisk Committee. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. Michael Haylon was elected to serve as an independent director of Annaly in 2008. The corporate mailing address for Mr. Finkelstein and other Annaly Capital Management executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Leadership | Annaly Capital I am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. Previously, Ms. Denahan served as Chief Executive Officer of Annaly from November 2012 to September 2015 and as Co-Chief Executive Officer of Annaly from October 2012 to November 2012. I would like to turn the conference back over to David Finkelstein for any closing remarks. However, non-agency lending has been somewhat slow to redevelop as credit standards have tightened relative to pre-pandemic underwriting and mortgage originators tend to focused more on agency originations in light of fewer frictions in a wide primary secondary spread. None of Annaly's achievements would have been possible without . Ilker . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Annaly Capital Management, Inc. (NLY) Leadership & Management Team Additionally, the report incorporates summary ESG metrics for the past three years, which include further details on the composition of Annalys Board of Directors and employees, philanthropy and volunteerism efforts and environmental indicators. And with that I'll turn the call over to David. Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. 1 dividend stock for a LIFETIME of income. Athletes' ambitions don't end when they leave the field of play. We also announced two leadership changes, Steve Campbell was appointed as Chief Operating Officer and Glenn Votek will retire from his role as Senior Advisor at the end of August while remaining a Director on our board. Consistent with that strategy, since the beginning of the second quarter, we added $1.125 billion of capacity across two new credit facilities for our residential credit group, the permanent nonrecourse financing. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Additional information on the Company can be found at www.annaly.com. Stock Market | FinancialContent Business Page We also continue to take advantage of the attractive low levels of volatility to hedge the tail risk of a sharp rise in rates in the long end of the yield curve and as such, we replaced much of our legacy swaps in position with additional out of the money payers options. Okay. You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. Coronavirus Tips Working and Protection. Mr. Finkelstein has over 25 years of experience in fixed income investments. is the Pres, CEO & Director at Annaly Capital Management Inc. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. There are no executives at Annaly Capital Management Inc getting paid more. So thank you, guys. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). As always we spent time analyzing the results of the reserve calculations and ensuring our expectations align with the quality of the portfolio and the performance of the borrowers. There are no executives at Annaly Capital Management Inc getting paid more. Despite the challenging environment, we're pleased with how the portfolio has performed during the period ending the quarter essentially unchanged at $2.2 billion in assets. In addition to her roles at KPMG, as a Native American Indian and member of the Ho-Chunk Nation Tribe, Dr. Hannan served on President George W. Bushs National Advisory Council on Indian Education. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. Learn More on David L. Finkelstein's salary. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. David L Finkelstein is CEO/Chief Investment Ofcr at Annaly. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For the agency derivatives portfolio, I realized you guys maybe [indiscernible] surface very often, but how much of your cost basis was amortized through core earnings in that portfolio last quarter and then with rates having coming down quite a bit, presumably some of those assets are cheap and how are you guys thinking about your footprint in that portfolio? Yeah that's great. David Finkelstein | Department of Philosophy He is also a Director of the Friedreichs Ataxia Research Alliance, along with Co-Founder of his own charitable scientific effort, the CureFA Foundation. Annaly Capital Management, Inc. Publishes Third Corporate As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. And did you guys say what your book value was through July? Annaly Capital Management, Inc. Publishes Third Corporate Current positions of David Finkelstein. Now in terms of amortization of the cost, I'll give you the MSR for example, which mimics the derivates portfolio. Just on the TBAs again just every mortgage rate, it feels like accounts for $I specialness a little differently in their NIM. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. And as a consequence of that portfolio, we did see a fair amount of appreciation in those pools in the second quarter as markets stabilize and that is one of the risks I think going forward. Will Others Follow? GAAP net income (loss . Thank you. When I look this morning three month 10-year swaption was up 53 basis points. Mr. Finkelstein has over 25 years of experience in fixed income investments. Ms. Wolfe is a Certified Public Accountant in the states of New York, California, Illinois and Pennsylvania. Alex Yankus In the latest report, the Company included additional disclosures outlining climate-related risks and opportunities across its business in the short-, medium- and long-term horizons following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). So we like to see it flatten a little bit further and we think it should given the posture the fed and when you look at the last set of economic projections, so lift off not likely to occur for the next couple of years, you could see some further flattening in the term curve but we're watching it and we're making incremental steps to term out our repo.
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