Annaly Capital Management, Inc. was founded on November 25, 1996, and is engaged in managing and investing in real estate-related assets, including mortgage-backed securities and mortgage loan debt. With support from commercial mortgage partnership funding, the firm has access to bonds and other securities that represent interests in these investments. The company's primary objective is to generate net income intended for distribution to shareholders. This net income is derived from interest earnings on income-generating assets, the costs of borrowed funds, acquisitions of income-generating assets, and dividends received from subsidiaries. Additionally, wholly-owned subsidiaries offer a range of diversified real estate, asset management, and other financial services. For more information, visit our website at http://www.annaly.com. Our office is located at 1211 Avenue of the Americas, New York, New York.

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