History

Discover

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

$75bn

Total Portfolio

Proven

$26bn

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.

Timeline

Event Categories:

2024

Annaly publishes fifth Corporate Responsibility report

2023

Annaly Board of Directors appoints three new Independent Board members to the Board of Directors

Annaly publishes fourth ESG report

Annaly receives a 2022 SHARP award from Freddie Mac

Annaly selected for sixth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace

2022

Annaly celebrates the 25th anniversary of its initial public offering

Annaly added to the S&P MidCap 400 Index

Annaly raises $1.5 billion in gross proceeds through two common stock equity offerings

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

Annaly publishes third Corporate Responsibility report

Annaly selected for fifth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace

Annaly announces renewed share repurchase program $1.5bn

2021

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

Annaly publishes second Corporate Responsibility report

Annaly Board of Directors appoints new Independent Board member to the Board of Directors

Annaly selected for fourth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace

2020

Annaly publishes inaugural Corporate Responsibility report

Annaly completes management internalization

David Finkelstein named as CEO and elected to the Board

Annaly selected for third consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace

2019

Annaly separates CEO and Chair role; Appoints an Independent Chair of the Board

Annaly raises $442.5mm in a 6.75% Fixed-to-Float preferred equity offering

Annaly announces share repurchase program of $1.5bn

Annaly Board of Directors appoints 2 new Independent Board members to the Board of Directors

Annaly raises $840mm in gross proceeds in a common stock equity offering

Annaly selected for second consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace

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

2018

Annaly raises $877mm in gross proceeds in a common stock equity offering

Annaly closes $906mm acquisition of MTGE Investment Corp.

Annaly is recognized in the inaugural 2018 Bloomberg Gender Equality Index

Annaly raises $425mm in a 6.50% Fixed-to-Float preferred equity offering

2017

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

Annaly raises over $2.4bn in 80 days across 2 common stock equity raises ($816mm and $857mm) and a preferred stock equity ($720mm) raise

2016

Annaly closes $1.5bn 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

2014

Annaly Board of Directors names new Independent Board member to the Board of Directors

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.

Annaly Board of Directors names new Independent Board member to the Board of Directors

2012

Annaly completes largest ever mortgage REIT convertible offering ($750mm)

Annaly completes largest and first ever non-rated perpetual preferred offering ($300mm)

Annaly announces $1.5bn share repurchase authorization

2011

Annaly raises approximately $3bn in 41 days

Annaly completes the then largest US overnight block trade ever ($2.4bn)

2010

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

Annaly completes first ever mortgage REIT convertible offering ($600mm)

Annaly completes first mortgage REIT overnight block trade ever ($1.1bn)

2009

CreXus Investment Corp. completes $200mm initial public offering

2008

Annaly establishes a commercial real estate group, which later becomes CreXus Investment Corp.

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

2007

Chimera Investment Corp. completes $511mm initial public offering

2006

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

2004

Annaly establishes a residential credit platform, which later becomes Chimera Investment Corp.

2001

Annaly dramatically grows its shareholder base from 14.5mm shares to 59.8mm shares and market capitalization from $130mm to $957mm

1997

Annaly completes $102mm initial public offering

1996

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