Annaly Capital Management, Inc.

Mortgage REIT investing in residential and commercial mortgage assets

What Annaly Capital Management does

Annaly invests in mortgage-related assets, mainly bonds backed by pools of U.S. home loans. It also holds residential whole loans, commercial mortgage securities, and mortgage servicing rights. As a REIT, it pays out most of its taxable income to shareholders as dividends.

How Annaly Capital Management makes money

It earns income from the interest on its mortgage securities and loans and from mortgage servicing rights. Because it is a REIT, it avoids federal income tax on the taxable income it distributes to shareholders.

Products & services

• Agency mortgage-backed securities
• Non-agency residential whole loans
• Mortgage servicing rights
• Agency commercial mortgage-backed securities
• Credit risk transfer securities
• TBA forward contracts