NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) today announced an expansion
of its investment team. Peter J. Dancy, Timothy P. Coffey and Jason G.
Anderson have joined the company as part of FIDAC, Annaly’s wholly-owned
registered investment advisor. Based in New York City, they will explore
corporate finance opportunities with middle-market financial sponsors
and other areas of the leveraged finance market. They previously held
senior positions in the U.S. Leveraged Finance Group at the Bank of
Ireland.
Michael A.J. Farrell, Chairman, CEO and President of Annaly commented on
the new positions. “Annaly, through its registered investment advisor
subsidiaries, continually seeks new and complementary markets to extend
the range of investment strategies and vehicles we can offer to
investors. Peter, Tim and Jason have a wealth of experience and a
terrific track record in the middle market leveraged lending arena, and
I believe that they will strengthen and broaden our investment
capabilities.”
Peter J. Dancy had been Managing Director and Head of U.S. Sponsor
Coverage for Bank of Ireland. Mr. Dancy has over 20 years of experience,
specifically focused on middle market leveraged finance transactions.
Mr. Dancy has originated, structured and executed numerous senior and
mezzanine debt financings for private equity sponsored transactions
across a myriad of industries. Mr. Dancy received a B.A. in Economics
from The College of Wooster and an M.B.A. in Finance from the University
of Chicago.
Timothy P. Coffey had been a Managing Director and Head of Debt Capital
Markets for Bank of Ireland. Mr. Coffey has over 15 years of experience
in leveraged finance and has served in a variety of origination,
execution, structuring and distribution capacities. Mr. Coffey has been
specifically focused on sponsor coverage engagements over his tenure
across a wide array of industries and throughout the capital structure.
Mr. Coffey received a B.A. in Finance from Marquette University.
Jason G. Anderson had been a Director and Head of U.S. Loan Syndications
for Bank of Ireland. Mr. Anderson has over 20 years of experience in
leveraged finance and has served in a variety of syndication,
origination, structuring and distribution capacities. Mr. Anderson has
executed numerous senior and mezzanine debt financings for private
equity sponsored transactions across a number of different industries.
Mr. Anderson received a B.S. in Economics from Cornell University and an
M.B.A. from The Wharton School of the University of Pennsylvania.
Annaly manages assets on behalf of institutional and individual
investors worldwide. The Company's principal business objective is to
generate net income for distribution to investors from its Investment
Securities and from dividends it receives from its subsidiaries. Annaly
is a Maryland corporation that has elected to be taxed as a real estate
investment trust ("REIT").
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements which are based on various assumptions (some
of which are beyond our control) 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. Actual results could differ materially from those set forth in
forward-looking statements due to a variety of factors, including, but
not limited to, changes in interest rates, changes in the yield curve,
changes in prepayment rates, the availability of mortgage-backed
securities for purchase, the availability of financing and, if
available, the terms of any financing, changes in the market value of
our assets, changes in business conditions and the general economy,
changes in government regulations affecting our business, our ability to
maintain our qualification as a REIT for federal income tax purposes,
risks associated with the broker-dealer business of our subsidiary, and
risks associated with the investment advisory business of our
subsidiaries, including the removal by clients of assets they manage,
their regulatory requirements and competition in the investment advisory
business. 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.
We do not undertake, and specifically disclaim any obligation, to
publicly release the result of any revisions which may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
Source: Annaly Capital Management, Inc.