Annaly Capital Management, Inc. Reports 1st Quarter 2022 Results - Wire19 Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Thank you for attending today's presentation. Consequently, we reduced leverage during the quarter from 6.8 times to 6.4 times and made the prudent decision to set our quarterly dividend at $0.22. Mr. David L. Finkelstein, C.F.A., serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. . Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. We have previously discussed our methodology and are thorough and thoughtful approach to Cecil reserves. My No. The information shown here is a reporting of information included in the company's proxy statement. . Please go ahead. 2015. in Economics from Connecticut College and an M.B.A. in Finance from New York University. They provide a much better competitive profile with lower prepayment characteristics than the market, but generally speaking pool pricing can be variable and so that's probably the risk in any agency. Mr. Reeves received his B.A. These initiatives are a testament to our focus on driving shareholder value, ensuring that the firm as a whole, our structure as well as our portfolio is positioned to continue outperforming as our second quarter results demonstrate. The improvement in singles that the market currently believes that the majority of forbearance cases, which have stabilized over the past couple of months will ultimately be resolved. ANNALY CAPITAL MANAGEMENT annual reports of executive compensation and pay are most commonly found in the Def 14a documents. And then our TBA balances roughly unchanged for the quarter and with respect to what we expect for the third quarter is likely to be in the proximity of where we were at for Q2 maybe a touch higher. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. We're experiencing a meaningful imbalance between supply and demand as a cyclically low number of housing units, meets continued strong household formations and anecdotal evidence suggests that pandemic disruptions that limited impact on the home buying and refinancing processes. 2020. Annaly Capital Management, Inc. (NYSE:NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Purvi Kamdar - Head, IR David Finkelstein - CEO & Chief. Biography of David Finkelstein. Chief Executive OfficerChief Investment Officer. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility. The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. So we feel good about it. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. We continue to think it critical in the current environment to consider the address economic scenarios available in this process and to err on the side of conservatism given a significant uncertainty in the economic and market values scenarios. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. in Finance from the University of Dayton. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. We recorded reserves associated with our credit businesses of $68.8 million on funded commitments during the second quarter. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. How much did David L. Finkelstein make as Chief Executive Officer, President and Director of ANNALY CAPITAL MANAGEMENT in 2021 And now with that, I'll hand it over to Serena to discuss the financials. And my other questions have been asked and answered. Appreciate the color. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Okay. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The report demonstrates Annaly's continued focus on setting and measuring progress on . Please note today's event is being recorded. 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. Any forward-looking statements made during today's call are subject to certain risks and uncertainties including with respect to COVID-19 impacts, which are outlined in the risk factors section in our most recent annual and quarterly SEC filings. At the time we started quarter with a swap portfolio of about nine odd years I believe, now given how long that portfolio is in duration as we mentioned last quarter provides multiples of interest rate protection relative to the assets, which are much shorter in duration. 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. Sorry, I think we're thinking about it a little differently, but yeah that's correct. Mr. Finkelstein has 25 years of experience in fixed income investments. He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. It did get below that level in early 2019 to about 49 basis points and then the last time prior to that was 2017 and before that it was pre-crisis. 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. 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. Our goal has been to maintain optimal liquidity thresholds and to manage the portfolio within conservative risk parameters to produce the highest level of quality earnings in this market environment. There been some signs that the worst of the economic distress may be behind us although the recent surge in cases in some areas of the US demonstrates the fragile nature of the recovery. Salary, bonuses, stock options, stock awards and other compensation for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. Just on the TBAs again just every mortgage rate, it feels like accounts for $I specialness a little differently in their NIM. In the last twelve months, Annaly Capital Management insiders bought shares 1 times. from the Ohio State University. And actually as you're answering that question, I'm realizing there's another element to that, which is that some of that additional that excess earnings is coming back to you shareholders in the form of the repurchases at a discount as well. This makes analysis regarding Cecil reserves particularly challenging. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 As a result we ran numerous scenarios in excess of 20, to determine the appropriate amount of Cecil reserves to the quarter and ultimately booked reserves that were considerably more conservative than our base case scenario. We can't say how long that will persist for, but we do think about this for much more than just the quarter or two where we do have the specialist and we're trying to get the appropriate level where we know it's sustainable and that's how we feel about it and if we continue to out-earn it that's perfectly okay because we're given the shareholder a 10.5% dividend yield on their book value. This reduced our pay rate as well as shorten the maturity of our swap portfolio. Mr. Finkelstein has over 25 years of experience in fixed income investments. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. Additional information on the Company can be found at www.annaly.com. Now to begin with, I wanted to touch on a few strategic corporate actions we've taken as of late. Ms. Bovich has over 30 years of investment management experience lastly serving as a Managing Director of Morgan Stanley Investment Management from 1993 through 2010. Chief Corporate OfficerChief Legal Officer. 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. Thank you, David and good morning, everyone. from Bowdoin College and a M.B.A. from the University of Connecticut. Ms. Bovich has a B.A. The oldest executive at Annaly Capital Management Inc is FrancineBovich, 68, who is the Independent Director. David Finkelstein is Chief Executive Officer and a Board Director of Annaly Capital Management.<br><br>David has 25 years of experience in fixed income investments. So first of all with respect to the repositioning, what we experienced in the quarter was initially a pretty insignificant steepening of the curve, which we anticipated I think got to roughly 20 basis points to 25 basis points higher than it was now. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. The economic slowdown brought on by the pandemic has obviously created considerable uncertainty and this is different kind of recession than that which we've experienced in the past, given the unprecedented speed and magnitude of the downturn. Please go ahead. Additionally, the content of this conference call may contain time-sensitive information that is accurate only as of the date hereof. From 1995 until 2002, he held the position of Executive Vice President of Phoenix Investment Partners, Ltd., a NYSE-listed company, and President of Phoenix Investment Counsel, where he was responsible for the management and oversight of $25 billion in closed-end and open-end mutual funds, corporate pension funds and insurance company portfolios.
Mags For Miles Cancel Subscription, Carpinteria High School Football, North Marion High School Yearbook, Md 2020 Calories Per Bottle, Vishnu Skis For Sale Used, Articles D