NEW YORK--(BUSINESS WIRE)--April 29, 2005--Annaly Mortgage
Management, Inc.
(NYSE: NLY) today announced, with great sadness, the
death of Spencer I. Browne, a member of the Board of Directors of the
Company. He was 55 years old. In addition to serving on Annaly's Board
of Directors since our inception in 1997, Mr. Browne had held various
executive, management and board positions with several publicly traded
companies engaged in businesses related to the residential and
commercial mortgage loan industry. Most recently, Mr. Browne was the
principal of Strategic Asset Management, LLC, a privately-owned
investment firm that he founded in 1996.
Michael A.J. Farrell, Chairman, CEO and President of Annaly,
commented on the life and death of Mr. Browne. "Spencer was a valued
friend and confidant, a member of the Board since our inception and a
thoughtful presence in our Company. While we mourn his passing, we
celebrate his life and we are grateful his painful struggle with
illness is over."
CONTACT: Annaly Mortgage Management, Inc.
Investor Relations:
1-888-8Annaly
www.annaly.com
SOURCE: Annaly Mortgage Management, Inc.