John A. Lambiase to Retire from the Annaly Capital Management, Inc. Board of Directors
January 30 2014 - 4:15PM
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
Relations1-888-8Annalywww.annaly.com
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Apr 2023 to Apr 2024