Annaly Capital Management, Inc. Announces Net Lease Initiative with Inland Real Estate Group

Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) today announced that its subsidiary Annaly Commercial Real Estate Group, Inc. has commenced an initiative to acquire net leased commercial real estate assets across a wide array of markets and industries, including industrial, office, retail and restaurant properties. Annaly will purchase commercial properties of a certain size and profile sourced and managed exclusively for Annaly by affiliates of The Inland Real Estate Group of Companies, Inc. (“Inland”). Inland is one of the nation’s leading providers of commercial real estate services. Since 2002, Inland has acquired in excess of $35 billion of commercial properties, including $11 billion of net leased acquisitions, and maintains a national presence with over $20 billion in commercial real estate assets under management.

“We believe that the potential to utilize Inland’s extensive experience acquiring, managing, leasing, financing and developing real estate nationwide will complement our ability to take advantage of a variety of opportunities as we expand our commercial platform into ownership of real property,” said Wellington J. Denahan, Annaly’s Chairman and Chief Executive Officer. This initiative further augments Annaly’s continued expansion of its commercial real estate portfolio. As of March 31, 2014, Annaly owned approximately $1.7 billion in commercial real estate assets, an increase from $1.0 billion at June 30, 2013.

Dan Goodwin, Inland’s Chairman and Chief Executive Officer said, “We are honored to have been chosen by Annaly to assist in creating an enviable net lease platform and excited about our strategic relationship.” Joe Cosenza, a Vice Chairman of Inland and President of Inland Real Estate Acquisitions, Inc., who is leading the Inland team said, “Annaly’s impressive expansion of its commercial real estate business highlights the strength of its balance sheet and flexibility, and we look forward to helping one of the largest mortgage REITs leverage upon those attributes.”

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.

Inland is one of the nation’s leading providers of commercial real estate services with companies specializing in a variety of areas including acquisitions, auctions, brokerage, development, and financing. Inland offers real estate investment opportunities backed by more than 40 years of experience and an unrivaled track record. Programs include real estate investment trusts, specialty funds, limited partnerships and 1031 exchanges.

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 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. 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

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