Nevertheless, financial conditions have improved considerably. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Prior to joining Annaly in 2013, Mr. Votek was an Executive Vice President and Treasurer at CIT Group since 1999 and also President of Consumer Finance since 2012. 2020. 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. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine GB Get notified the next time David L. Finkelstein buys or sells Annaly Capital Management stock. 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. Across sectors within commercial, the operating fundamentals remain challenged in hospitality as the average national occupancy rate hovers around 40% and in retail the prolonged shutdown and increasing number of retailer bankruptcies is continuing to weigh on that sector. 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. 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. 212-333-3810 As the latest data indicates over 90% of renters made a full or partial rent payment as of June and in the office sector, although new leasing has slowed significantly, office REITs have reported strong rent recollections above 90% throughout the back end of the second quarter. Leadership | Annaly Capital It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. We have to look at how attractive assets are and then put that in the context of where thee stock prices make a buyback decision based on that. We do not undertake and specifically disclaim any obligation to update or revise this information. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. As I mentioned last quarter, we expect to see more growth in this segment as markets continue to normalize and we are encouraged by the steady pace of securitization activity to support our asset generation strategy. Shifting to middle-market lending, activity has also picked up as of late as spreads have tightened and sponsors have refinanced transactions that have exhibited improving underlying leverage profiles. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. . Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. david finkelstein annaly compensation Right. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. 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. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. 2022 For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Mr. Haylon received a B.A. Annaly Capital Management, Inc. (NYSE: NLY) (the Company or Annaly) announced today the publication of its third corporate responsibility report for the year 2021, titled Taking Stock of Our Impact. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. 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 . Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005206/en/, Annaly Capital Management, Inc. Annaly Capital Management, Inc. Publishes Second Corporate This underscores our belief that the stock is undervalued relative to our book value and affirms our support of the value of our stock through the various capital allocation tools we have on hand. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . David L Finkelstein, Annaly: Profile and Biography Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. And my other questions have been asked and answered. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. Learn More on David L. Finkelstein's trading history. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . Annaly Capital Management can also be reached via phone at (212) 696-0100 and via email at [emailprotected] Learn More on David L. Finkelstein's contact information. Serena Wolfe - CFO. Please note today's event is being recorded. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call. Non-agency securities across legacy CRT jumbo 2.0 and non-QN have seen substantial recovery. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. Okay. MSR has different structural aspects to it that make it very cheap, but nonetheless structural leverage is a little bit inferior right now to balance sheet leverage. Mr. Haylon has served as Managing Director and Head of Conning North America at Conning, Inc., a global provider of investment management solutions, services and research to the insurance industry, since June 2018. Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report f Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. This information is according to proxy statements filed for the 2021 fiscal year. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. 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. Please go ahead. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. 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. Mr. Reeves is a member of the Henry Crown Fellows at the Aspen Institute and was honored as a Chicago United Business Leader of Color. Please. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We add the incremental dollar role income to core income and then the outcome. There are no executives at Annaly Capital Management Inc getting paid more. Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. All proxy statements are public filings made available to the general public by the SEC. Last updated: 2 February 2023 at 6:03pm EST. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. 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. Is this special mix reflected in both the asset yield and the cost of funds and then how big is your TBA balance now versus the end of June? 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 (NLY) CEO David Finkelstein on Q4 2021 Learn More on David L. Finkelstein's contact information. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.