History

Annaly's History

Annaly Capital Management, Inc. (“Annaly”) was founded in 1996 out of the collaboration of a handful of forward-thinking entrepreneurs, including Michael A. J. Farrell and Wellington J. Denahan. The Company was created with the goal of delivering competitive and dependable returns in a variety of interest rate and economic conditions. In October 1997, Annaly completed its initial public offering and began trading on the NYSE.

Power

$82bn

Total Portfolio

Proven

Nearly $27bn

in Dividends Declared over
100+ Consecutive Quarters

People

25+

Years of Average Industry Experience for Seasoned Leadership Team

Our history is marked by a series of market-leading actions that have grown Annaly from a pure play agency mortgage REIT into the large-cap diversified capital manager we are today. Early on, we anticipated the benefits that diversifying into credit businesses would provide to offset our interest rate sensitive cash-flows.

We have led the market in strategic corporate actions, including by raising more equity capital than any other mortgage REIT, structuring the first convertible debt offering, executing the largest non-rated perpetual preferred offering and completing the first and largest acquisition in the mortgage REIT sector.

Milestones

2024

Annaly announced partnership with Rocket Mortgage to service and handle recapture activities for a portion of Annaly’s MSR portfolio

2023

Annaly receives a 2022 SHARP award from Freddie Mac

2022

Annaly celebrates the 25th anniversary of its initial public offering

Annaly is added to the S&P MidCap 400 Index

Annaly closes $2.4 billion sale of its Middle Market Lending portfolio, inclusive of on-balance sheet assets as well as assets managed for third parties

2021

Annaly closes $2.3 billion sale of its Commercial Real Estate business

Annaly expands residential whole loan acquisition capabilities by initiating in-house aggregation through its Onslow Bay correspondent channel

Through the build out of its MSR servicing and oversight operations, Annaly brings MSR on balance sheet

2020

Annaly publishes inaugural Corporate Responsibility report

Annaly completes management internalization

David Finkelstein named as CEO and elected to the Board

2018

Annaly closes $906 million acquisition of MTGE Investment Corp.

2017

Annaly and Capital Impact Partners announce launch of first social impact joint venture

2016

Annaly closes $1.5 billion acquisition of Hatteras Financial Corp., the largest ever mortgage REIT acquisition

2015

Annaly separates from Chimera Investment Corp. and subsequently enters into non-agency RMBS on balance sheet

2013

Annaly closes acquisition of CreXus, allowing for Annaly’s on balance sheet diversification into commercial assets which is now known as Annaly Commercial Real Estate Group, Inc.

2010

Annaly establishes middle market lending group, which later becomes Annaly Middle Market Lending LLC

2008

FINRA Broker Dealer, Arcola Securities, Inc. (formerly known as RCAP Securities, Inc.), is established

2006

Annaly changes its name from Annaly Mortgage Management Inc. to Annaly Capital Management, Inc.

1997

Annaly completes $102 million initial public offering

1996

Annaly Mortgage Management Inc. is founded and later becomes Annaly Capital Management, Inc.