A reconciliation of GAAP to non-GAAP measures is included in our earnings release. david finkelstein annaly compensationmostar bridge jump injuries. Musk Made a Mess at Twitter. The reason why they appreciate is because there worth it. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. June however, did bring about an increase in new refinancing requests with some new acquisition activity at post-COVID purchase prices and simultaneously, we've seen a significant number of warehouse providers begin to close new loans although pricing levels have been reset higher. ANNALY@brunswickgroup.com, Navigate to the << Back to Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice. . As outlined in our report, we continue to Take Stock of Our Impact establishing ESG goals and commitments and tracking our considerable progress as we strive to integrate ESG priorities across our business, said David Finkelstein, Annalys Chief Executive Officer and President. Most recently, on Friday, June 17th, David L. Finkelstein bought 200,000 shares of Annaly Capital Management stock. Volatility is low and the fed is specifically directing volatility lower and they also happen to be a huge tailwind in terms of purchases of agency MBS, so the technicals are very favorable and to your point, it does appear to be a very good backdrop for the foreseeable future for agency. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. We don't anticipate increasing agency meaningfully, but we do recognize that these credit markets are a little bit slow to redevelop. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mr. Finkelstein has over 25 years of experience in fixed income investments. 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. Most recently, Mr. Hamilton served as a Strategic Advisor to the Global Head of Fixed Income, Currencies and Commodities at Barclays Capital in New York. 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. 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. The oldest executive at Annaly Capital Management Inc is FrancineBovich, 68, who is the Independent Director. With respect to our CRE portfolio specifically, total assets at quarter end of $2.5 billion represented a slight decrease while economic interest remained essentially flat. 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 Agency group invests in agency mortgage-backed securities. You may also find the annual proxy statement by going directly to the company's website. Audit Committee (Chair)Management Development and Compensation CommitteeNCG Committee. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. Annaly Capital Management, Inc. (NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET, David Finkelstein - CEO & Chief Investment Officer, Tim Gallagher - Head, Commercial Real Estate. Athletes' ambitions don't end when they leave the field of play. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. Hey guys, this is actually Josh Bolton on for Doug. Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. Management Development and Compensation Committee (Chair)Audit Committee. Last quarter I noted that most of assets and liabilities are at fair value and that our book value decline was not a function of post asset sales but rather unrealized mark-to-market losses with potential for recruitment. And with that, I'll turn it over to operator for questions. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Total core income is used to buy, Eric. With respect to the incremental benefit of the TBA position for the second quarter, I'll say I think the actual dollar contribution or in pennies was about $0.07 and with respect to the NIM contribution, Serena you can. Ms. Williams previously served as Senior Vice President, Compensation, Benefits and HRIS at NBCUniversal beginning in 2011. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. No, I think I understand. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Click here to read the full letter and more from Annaly's 2020 Annual Report. Mr. Finkelstein received a B.A. 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. NEW YORK -- (BUSINESS WIRE)-- 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. There are no executives at Annaly Capital Management Inc getting paid more. David L Finkelstein, Annaly: Profile and Biography Sean Kensil - Vice President, Investor Relations. I'm curious how you guys are looking at this and especially in light of having cut the dividend earlier in the year? Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. Out treasury function is the best in the business and their expertise and exemplary market timing was a key component that helped us weather the market dislocation last quarter and our ability to deliver strong core earnings this quarter. investor@annaly.com, Brunswick Group 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. 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. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . As we look at the buyback policy, it's not a point in time estimated, everything changes on a daily basis because asset prices changes in the relative attractiveness of buying back stock versus putting that capital to work in the portfolio changes and if you just think about the immediate accretion of the stock buyback in terms of book value versus the longer-term earnings of the portfolio, there is a trade-off there certainly and we generated 25% accretion from the buyback thus far. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Is this happening to you frequently? Thanks for joining us today and we'll talk to you soon. David L. Finkelstein C.F.A. 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. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. And now with that, I'll hand it over to Serena to discuss the financials. Current positions of David Finkelstein. 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. 2022 Serena Wolfe - CFO. from the University of Michigan and J.D. 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. company's disclosure obligations under Regulation FD and to post and update investor presentations and some more materials on a regular basis. Current positions of David Finkelstein. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. 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. David Finkelstein - President, CEO & Director. Ms. Bovich is a member of The Economic Club of New York, and an emeritus trustee of Connecticut College and a Member of the Investment Sub-Committee for its endowment. Annaly encourages investors, analysts, the media and other interested parties to monitor the company's website in addition to following Annaly's press releases, SEC filings, public conference calls, presentations, webcasts and other information they post from time to time on its website. This reduced our pay rate as well as shorten the maturity of our swap portfolio. 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. Just on the TBAs again just every mortgage rate, it feels like accounts for $I specialness a little differently in their NIM. Yeah that's great. 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. All proxy statements are public filings made available to the general public by the SEC. 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. It's all dependent Rick on the attractiveness of the repurchase option relative to other options in our capital allocation policy. Please go ahead. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. Ilker . Thomas Hamilton was elected to serve as an independent director of Annaly in March 2019. Sure Ken you bet and what I meant by that is that the increase in agency could occur over the very short term as credit markets are still redeveloping and we do have some runoff in that capital will be reallocated to agency over the very near term and when we say that, a very small percentage. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. 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. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Portfolio construct has been protected against broader sectors that have witnessed demand destruction and we maintain meaningful exposure where pockets of spend remainder resilient. Please note today's event is being recorded. Chief Executive Officer, President and Director. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Press Releases | Annaly Capital, https://www.businesswire.com/news/home/20220609005206/en/. 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 . Look, first of all I'll talk about the footprint and agency derivatives for example and what we're talking about here Eric is the difference between balance sheet leverage and instructional leverage. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . 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. He began his investment banking career at E.F. Hutton & Company in 1976. 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. David Finkelstein - conference-board.org David L. Finkelstein is CEO and Chief Investment Officer of Annaly. From 1990 until 1994, he was Senior Vice President of Fixed-Income at Phoenix Home Life Insurance Company. This button displays the currently selected search type. Wondering if you could just provide a bit more color on your prepared remarks on the potential to increase agency allocation. As Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT, David L. Finkelstein made $9,138,764 in total compensation. Zwirn & Co., L.P. with a focus on credit and debt restructuring. David L. Finkelstein C.F.A. So we feel good about it. We don't complete clarity on the economy and some of that runoff could go into the agency sector. 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. And that's exactly right. Appreciate the color. Prior to joining Annaly in 2009, Mr. Green was a partner in the Corporate, Securities, Mergers & Acquisitions Group at K&L Gates LLP. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. Okay. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine