Mr. Finkelstein was appointed as Chief Executive Officer and elected to serve on the Board of Directors in March 2020. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. 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). NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. Ms. Williams previously served as Senior Vice President, Compensation, Benefits and HRIS at NBCUniversal beginning in 2011. Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $33,931,034 as of March 4th. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York as well as a member of the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. 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). It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. Mr. Finkelstein has over 25 years of experience in fixed income investments. david finkelstein annaly compensation Mr. Finkelstein has over 25 years of experience in fixed income investments. Do you expect any meaningful shift in terms of equity capital allocation going forward, thanks? Mr. Reeves serves on the boards of several DCM portfolio companies and funds as well as on the Advisory Board of Ozinga Bros. His civic and philanthropic commitments include trusteeships at Rush University Medical Center and the National Philanthropic Trust. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. The largest trade he's ever made was buying 200,000 units of Annaly Capital Management Inc stock on 17 June 2022 worth over $1,112,000. All participants will be in a listen-only mode. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media . 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. 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. Mr. Schaefer received a B.B.A. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. Today I'd like to highlight a number of current corporate initiatives, provide an update on the market and discuss portfolio activity across our core business during the quarter and finally provide our outlook for the balance of the year and then I'll hand it off to Serena to discuss the financials. Mr. Votek has over 30 years of experience in financial services. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. On average, Mr trades about 51,067 units every 152 days since 2016. Please note today's event is being recorded. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. David L. Finkelstein C.F.A. So that could change but derivatives without achieving a little bit as well as MSR for it to be more attractive. From 1991 through 2005, Ms. Bovich served as the U.S. Representative to the United Nations Investment Committee, which advised a global portfolio of approximately $30 billion. David Finkelstein | Committee for Economic Development of The 212-333-3810 David Finkelstein | AFL-CIO 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. 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. Wallmine is a radically better financial terminal. 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. So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. Mr. Green was Deputy General Counsel of Annaly from 2009 until March 2017. As a reminder, the impending model introduced by the new Cecil is based on expected losses rather than incurred losses, which was the previous management for reserve historically. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital Management Inc. Mr has made over 11 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. We believe our focused industry-specific positioning within nondiscretionary defensive and mission-critical names will generate the outperformance for peers that will further differentiate our brand in the sector. Annaly Capital Management, Inc. Publishes Third Corporate Does that answer your question? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Annaly Capital Management, Inc. Publishes Third Corporate Financial Highlights. ANNALY CAPITAL MANAGEMENT Compensation by Company. New deal activity is primarily relegated to more broadly syndicated loans however, the context first lien executions on larger transactions have tightened 75 basis points to 100 basis points over the past quarter, while traditional middle-market has shown less movement in pricing. Will Others Follow? Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors. Prior to the merger, Mr. Hamilton had served as Chairman of the Board of Chondrial Therapeutics, Inc., a biotechnology company he started to cure a rare neurodegenerative disease called Friedreichs Ataxia, since 2013. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report f But when we think about reinvestment into for example, pools where we see the levered returns on agency MBS is in the context of 11% to 12% maybe a little bit higher and so as we look at the dividend right now at 10.5% yield on book value the reinvestment of agency runoff is perfectly consistent with that longer-term more steady-state level assuming rates in this context, but keep in mind we do have this near-term tailwind of specialness and some other factors that are beneficial to the portfolio where were out-earning the dividend this quarter. In terms of how it's actually reflected in the yield it's not. Mr. Campbell received a B.B.A. Annaly Capital Management, Inc. Publishes Third Corporate in Finance from Florida State University. It's been relatively calm. Mr. Haylon received a B.A. So thank you, guys. As COO, Steve will expand on the work he's been doing as Head of Business Operations and work closely with the executive team to help oversee Annaly's overall operations and risk management functions. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. There was a depreciation in the amount on the balance sheet of MSR, half of which was amortization and the other half of which was the multiple compression. Francine J. Bovich was elected to serve as an independent director of Annaly in 2014. Of note, while last quarter each of our credit meters providing an in-depth look at their respective markets and portfolios to be efficient, I'll provide those updates today but as Purvi noted each of our business heads are here as well to join in Q&A. Salary, bonuses, stock options, stock awards and other compensation for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT. The charts on this page feature a breakdown of the total annual pay for the top executives at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. We have previously discussed our methodology and are thorough and thoughtful approach to Cecil reserves. Mr. Haylon has served as a Managing Director at Conning, Inc. since January 2012 and previously served as Head of Asset Management Sales, Products and Marketing from December 2014 until June 2018 and as Head of Investment Products from January 2012 until December 2014. Currently, Dr. Hannan serves on the Board of Directors of Otis Elevator Co., Gingko Bioworks and Carpenter Technology Corporation, is Chairman of the Board of Trustees and a member of the Executive Committee of the Smithsonian National Museum of the American Indian, is a Trustee of the Committee for Economic Development in Washington D.C., and is an active member of Women Corporate Directors. 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. I was wondering if you could talk a little bit more about the thought process around the hedge repositioning in the quarter, adding more hedges on the short end of the curve and then I guess should we expect more options hedging going forward. Now core earnings in Q2 were above that dividend and we expect them to be so in Q3. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. David L. Finkelstein C.F.A. Net Worth (2023) | wallmine David L. Finkelstein Chief Executive Officer, President and Director: Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. I think that's probably the best description of what we brought them through the shares. 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). Liquidity tools have sufficiently supported funding markets and credit facilities have opened channels to credit for businesses, households and local governments, the temporary adjustments to regulations have somewhat encouraged bank lending and most impactful to Annaly's portfolio the asset purchases have supported the smooth functioning of treasury and agency markets. We delivered an economic return of nearly 15% and achieved core earnings well in excess of our right size dividend. A lot of that is driven by the tailwind from the fed and specialism and TBAs where our role income doubled over the quarter and it is currently existent today and if we look at past episodes it [indiscernible] persisted for some time. We remain comfortable with our existing credit portfolios and the associated Cecil reserves and will continue to monitor specific asset performance and economic projections as we determine future reserves. Eric A. Reeves was elected to serve as an independent director of Annaly in March 2021. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Data Year: 2021. Alex Yankus I know you mentioned in some of the tail risks and just any more additional comments on the hedge positioning will be great thanks. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. Learn More on David L. Finkelstein's contact information. Kathy Hopinkah Hannan, Ph.D., C.P.A. Please go ahead. Mr. Campbell currently serves on the Advisory Board for the Fitzgerald Institute of Real Estate at the University of Notre Dame. investor@annaly.com, Brunswick Group 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. biography. He began his investment banking career at E.F. Hutton & Company in 1976. Consisting of $22 million of additional reserves during the quarter primarily resulting from the impacts of COVID-19 on our [indiscernible] and more general reserves related to forecast for a deterioration in economic conditions and market values of $46.8 million. Chief Corporate OfficerChief Legal Officer. The most recent stock trade was executed by Anthony C Green on 1 February 2023, trading 1,584 units of NLY stock currently worth $32,203. No, it is not reflected in the funding cost. Also as David mentioned, our internalization transaction closed at the end of the quarter and we anticipate generating cost savings over the long time as we embark on being an internally managed company. Most recently, on Friday, June 17th, David L. Finkelstein bought 200,000 shares of Annaly Capital Management stock. Jun 09, 2022. 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. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. So we don't expect a meaningful increase in agency, but over the near term you can see a small uptick. Mr. Schaefer was Executive Vice President and Chief Strategic and Administrative Officer of Morgan Stanley from 1998 to 2000. 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. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. Current positions of David Finkelstein. Learn More on David L. Finkelstein's salary. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine Mr. Finkelstein earned a salary of $1,000,000.00, a bonus of $6,325,000.00, stock awards of $1,800,001.00, and other compensation of $13,763.00. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. David L. Finkelstein C.F.A. Learn More about David L. Finkelstein's net worth. NEW YORK--(BUSINESS WIRE)-- At quarter end, we closed our previously announced internalization transaction, which marks a significant step in the series of measures Annaly has implemented as an industry leader from a government standpoint. We were certainly careful to take prudent steps during the early phase of the market recovery to ensure we are well positioned to capitalize on the opportunities that are sure to arise. How much did David L. Finkelstein make as Chief Executive Officer, President and Director of ANNALY CAPITAL MANAGEMENT in 2021 Mr. . All proxy statements are public filings made available to the general public by the SEC. Thanks David. 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. Now with respect to our hedges, we added to our swap portfolio primarily in the front end and short-term swaps with pay rates close to 0% providing attractive hedge to our financing. From 1990 until 1994, he was Senior Vice President of Fixed-Income at Phoenix Home Life Insurance Company. Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. Okay. Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call. Coronavirus Tips Working and Protection. 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. Our next question comes from Rick Shane with JPMorgan. See David L Finkelstein's compensation, career history, education, & memberships. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. From 1986 until 1990, he was Managing Director at Aetna Bond Investors where he was responsible for management of insurance company and pension fund portfolios. As we gain further clarity around the long-term implications of COVID, we are reassured by the stable and defensive nature of our portfolio and remain confident in its ability to withstand prolonged bouts of market volatility. Yeah I think prepay is kind of an obvious one outside of that. Chief Executive Officer, President and Director. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. 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. Corporate Responsibility CommitteeRisk Committee. He joined the firm in 2013 and assumed the role of Chief Investment Officer in 2016. Last updated: 1 March 2023 at 11:00am EST. The report demonstrates Annalys continued focus on setting and measuring progress on environmental, social and governance (ESG) goals, as well as its commitment to providing increased disclosure and transparency. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. Sorry, I think we're thinking about it a little differently, but yeah that's correct. Steven F. Campbell is President and Chief Operating Officer of Annaly. 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. The information shown here is a reporting of information included in the company's proxy statement. David Finkelstein - Chief Executive Officer & Chief - LinkedIn David Finkelstein - President, CEO & Director. in Economics and Political Science from the University of Pennsylvania and a J.D. david finkelstein annaly compensation. Below are excerpts from my letter to shareholders, released April 7, 2021. Prior to joining Annaly in April 2015, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as a Managing Director in the Credit Funds business. from the University of Michigan and J.D. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Board of Directors in ANNALY CAPITAL MANAGEMENT. Annaly Capital Management, Inc. Reports 1st Quarter 2022 Results - Wire19 david finkelstein annaly compensationmostar bridge jump injuries. Thanks for joining us today and we'll talk to you soon. David Finkelstein | Department of Philosophy Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . 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. David L. Finkelstein C.F.A. Net Worth (2023) | wallmine Serena Wolfe is Chief Financial Officer of Annaly. Just on the TBAs again just every mortgage rate, it feels like accounts for $I specialness a little differently in their NIM. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Social distancing and mandated shutdowns have damaged certain sectors of the economy and the corresponding impact on the labor market has been substantial. While at KPMG, Dr. Hannan also founded the KPMG Womens Advisory Board. Chart Data in Insider Trading History Table. The estimated net worth of David L. Finkelstein is at least $36.42 million as of June 17th, 2022. Annaly Capital Management, Inc. Publishes Second Corporate Sure. She is also a graduate of the Chicago Management Institute at the University of Chicago, Booth School of Business and the Institute of Comparative Political & Economic Systems at Georgetown University. Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. Biography of David Finkelstein. Ms. Williams received a B.S. Now of additional note with respect to our direct lending portfolios, we have taken what we believe to be a very conservative approach regarding reserves and Cecil adjustment which Serena will discuss in further detail. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Select Other Years 2007 2006 For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC .
Call Center Wisma Atlet, James Brolin Commercial Voice, Articles D