NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE:NLY) today announced that John A.
Lambiase will not stand for re-election at the Company’s 2014 Annual
Meeting of Shareholders. Mr. Lambiase is a non-independent director and
has served on the board of directors since January 1997. His departure
will be effective on the day of the Company’s 2014 Annual Meeting of
Shareholders.
“I want to thank John for taking a chance on a new startup some 17 years
ago. Over his many years of service, he has provided valuable expertise,
sound judgment and solid guidance,” said Wellington J. Denahan, Chairman
and Chief Executive Officer of Annaly. “I hope he can now truly enjoy
his retirement.”
Annaly’s principal business objective is to generate net income for
distribution to its shareholders from its investments. Annaly is a
Maryland corporation that has elected to be taxed as a real estate
investment trust (“REIT”). Annaly is managed and advised by Annaly
Management Company LLC.
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 and other 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, our ability to consummate any contemplated investment
opportunities, our ability to integrate and grow the commercial mortgage
business, changes in government regulations affecting our business, our
ability to maintain our qualification as a REIT for federal income tax
purposes, our ability to maintain our exemption from registration under
the Investment Company Act of 1940, as amended, risks associated with
the broker-dealer business of our subsidiary, and risks associated with
the investment advisory business of our subsidiary, including the
removal by clients of assets it manages, its 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.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.