Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. As I mentioned we out-earned the dividend by $0.05 this quarter and absent another market dislocation or other foreseen developments, we expect Q3 core canings to also the dividend. NEW YORK, June 09, 2022--Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021 . The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY. . Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Prior to joining NBCUniversal, Ms. Williams was a Partner with Pay Governance LLC and a Principal with Towers Perrin (now Willis Towers Watson). Non-agency securities across legacy CRT jumbo 2.0 and non-QN have seen substantial recovery. Biography of David Finkelstein. These funds represent a broad scope of investment strategies including equities, taxable fixed income, municipal bonds, and cash management. It's been relatively calm.
Annaly Capital Management, Inc. Publishes Second Corporate MSR has different structural aspects to it that make it very cheap, but nonetheless structural leverage is a little bit inferior right now to balance sheet leverage. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. With respect to our CRE portfolio specifically, total assets at quarter end of $2.5 billion represented a slight decrease while economic interest remained essentially flat. Additionally during the second quarter, we utilized our share buyback program and have now repurchased $175 million common stock year-to-date. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its second corporate responsibility report for the year 2020, titled Leading with Purpose.The report demonstrates Annaly's continued focus on environmental, social and governance ("ESG") endeavors and provides an update on Annaly's ESG goals and commitments. This report is not for commercial use. No, I think I understand. In the last twelve months, Annaly Capital Management insiders bought shares 1 times. Okay. Reinvestment is a key criteria here. Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. California Weighs $360,000 in Reparations to Eligible Black Residents. Unit tranches and second lean loans within middle-market are experiencing more notable price discovery than its larger market blathering and we expect these gaps to remain as traditional middle-market participants grapple with their portfolios. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. Learn More on David L. Finkelstein's trading history. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. How much did David L. Finkelstein make as Chief Executive Officer, President and Director of ANNALY CAPITAL MANAGEMENT in 2021 New deal activity is primarily relegated to more broadly syndicated loans however, the context first lien executions on larger transactions have tightened 75 basis points to 100 basis points over the past quarter, while traditional middle-market has shown less movement in pricing. I think that's probably the best description of what we brought them through the shares. Prior to the merger, Mr. Hamilton had served as Chairman of the Board of Chondrial Therapeutics, Inc., a biotechnology company he started to cure a rare neurodegenerative disease called Friedreichs Ataxia, since 2013. Current positions of David Finkelstein. You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. I was wondering if you could talk a little bit more about the thought process around the hedge repositioning in the quarter, adding more hedges on the short end of the curve and then I guess should we expect more options hedging going forward. Now with respect to options, we did reinvest a lot of the runoff in our swap portfolio back in out of money options and I'll tell you going forward that will be a function of the level of implied volatility. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Mr. David L. Finkelstein C.F.A. Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . He began his career in 1979 in the commercial lending program at Philadelphia National Bank. Chief Executive OfficerChief Investment Officer. GAAP net income (loss . This report is not for commercial use.
David Finkelstein | Department of Philosophy Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report f Francine J. Bovich was elected to serve as an independent director of Annaly in 2014. So we like to see it flatten a little bit further and we think it should given the posture the fed and when you look at the last set of economic projections, so lift off not likely to occur for the next couple of years, you could see some further flattening in the term curve but we're watching it and we're making incremental steps to term out our repo. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system.
Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. So look with respect to the agency market, we are in an environment where funding is abundantly available and will be for some time given the reserves in the system. The estimated net worth of David L. Finkelstein is at least $36.42 million as of June 17th, 2022. and LL.M. Yes the TBA role provided about $97.5 million post NIM for the quarter. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. Now with respect to our hedges, we added to our swap portfolio primarily in the front end and short-term swaps with pay rates close to 0% providing attractive hedge to our financing. Biography of David Finkelstein. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. So it's reflected in your funding cost. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment.
David L. Finkelstein C.F.A. Net Worth (2022) | wallmine And as a consequence of that portfolio, we did see a fair amount of appreciation in those pools in the second quarter as markets stabilize and that is one of the risks I think going forward.
Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. in Finance from the University of Dayton. Mr. Votek has over 30 years of experience in financial services. Annaly Capital Management, Inc. (NYSE: NLY) (the Company or Annaly) announced today the publication of its third corporate responsibility report for the year 2021, titled Taking Stock of Our Impact. David L. Finkelstein C.F.A. Trustee. Mr. Reeves is a member of the Henry Crown Fellows at the Aspen Institute and was honored as a Chicago United Business Leader of Color. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. Please go ahead. Ilker . In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital Management Inc. Mr has made over 11 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Hey guys, this is actually Josh Bolton on for Doug. Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $33,931,034 as of March 4th. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. As the latest data indicates over 90% of renters made a full or partial rent payment as of June and in the office sector, although new leasing has slowed significantly, office REITs have reported strong rent recollections above 90% throughout the back end of the second quarter. Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. As a reminder, the impending model introduced by the new Cecil is based on expected losses rather than incurred losses, which was the previous management for reserve historically. Most recently, Mr. Hamilton served as a Strategic Advisor to the Global Head of Fixed Income, Currencies and Commodities at Barclays Capital in New York. Mr. Finkelstein received a B.A. Ms. Wolfe is a Certified Public Accountant in the states of New York, California, Illinois and Pennsylvania. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. ANNALY CAPITAL MANAGEMENT Compensation by Company. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. In the commercial sector, we're slowly beginning to see activity pick up but volumes do remain somewhat muted. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. Okay. Ms. Bovich has over 30 years of investment management experience lastly serving as a Managing Director of Morgan Stanley Investment Management from 1993 through 2010. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. The portfolio generated 188 points of NIM up Q1 of 118 basis points, driven primarily by the decrease in cost on funds that I mentioned a moment ago. Participants on this morning's call include David Finkelstein, Chief Executive Officer and Chief Investment Officer; Serena Wolfe, Chief Financial Officer; Mike Fania, Head of Residential Credit; Tim Gallagher, Head of Commercial Real Estate; Tim Coffey, Chief Credit Officer and Ilker Ertas, Head of Securitized Products. Of this total $1,000,000 was received as a salary, $6,325,000 was received as a bonus, $0 was received in stock options, $1,800,001 was awarded as stock and $13,763 came from other types of compensation. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program.
Executive Officers | Annaly Capital As David mentioned earlier, the stabilizing actions of the Fed coupled with our active portfolio management resulted in improved fed value of our agency assets and significant improvement in financial performance.
Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 And everything you said the two words that stood out everything changes. Mr. Campbell received a B.B.A. Get notified the next time David L. Finkelstein buys or sells Annaly Capital Management stock. The Company does not undertake, and specifically disclaims 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, except as required by law. Glenn has been an invaluable part of our leadership team and we thank him for his numerous contributions over the years and look forward to his continuing service on our board. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. Our book value per share was $8.39 for Q2, a 12% increase from Q1 and we generated core earnings per share excluding PAA of $0.27, a 30% increase from the prior quarter. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020 and previously served as Chief Investment Officer. John H. Schaefer was elected to serve as an independent director of Annaly in 2013. Salary, bonuses, stock options, stock awards and other compensation for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT. Will Others Follow? Musk Made a Mess at Twitter. Thanks for that. ANNALY CAPITAL MANAGEMENT annual reports of executive compensation and pay are most commonly found in the Def 14a documents. . Our residential portfolio was roughly unchanged quarter-over-quarter at $2.6 billion as modest purchases and mark-to-market increases largely offset sales and portfolio runoff. Mr. Finkelstein has over 25 years of experience in fixed income investments.
As we gain further clarity around the long-term implications of COVID, we are reassured by the stable and defensive nature of our portfolio and remain confident in its ability to withstand prolonged bouts of market volatility. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Okay. All proxy statements are public filings made available to the general public by the SEC. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media conglomerate, since July 2018, where she is responsible for the companys global human resources function, including compensation, benefits, development and learning, talent acquisition, executive search, HR systems, and the HR service center. From 2014 to 2020, Dr. Hannan served as Chairman of the Board & National President for Girl Scouts of the USA. These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. Mr. Reeves received his B.A. Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. While our portfolio speech did experience an increase on the quarter, prepays on our overall portfolio were notably lower than the GSE universe, which paid roughly eight CPR faster despite the higher average coupon of our portfolio relative to the universe. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? Mr. Haylon received a B.A. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. The conference has now concluded. There are no executives at Annaly Capital Management Inc getting paid more. The Agency group invests in agency mortgage-backed securities.
My Letter to Shareholders - LinkedIn As the CEO of Annaly Capital Management, Inc., Mr. Finkelstein earned a total compensation package of $9,138,764.00 in 2021.
Annaly Capital Management (NLY) Q4 2022 Earnings Call Transcript The charts on this page feature a breakdown of the total annual pay for the top executives at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. We also announced two leadership changes, Steve Campbell was appointed as Chief Operating Officer and Glenn Votek will retire from his role as Senior Advisor at the end of August while remaining a Director on our board. Please note today's event is being recorded. Content referenced in today's call can be found in our second quarter 2020 investor presentation and second quarter 2020 financial supplement, both found under the Presentation section of our website. Hey how much did TBAs add to your net interest margin for the quarter? Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice.
david finkelstein annaly compensation - eztransport123.com Ms. Williams has over 17 years of compensation and governance experience. Is this happening to you frequently? Mr. Reeves has also served as General Counsel & Secretary of The Duchossois Group, a family-owned holding company comprised of diversified operating companies and DCM, since 2007 and its Chief Administrative Officer since 2017. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year.
Annaly Capital Management, Inc. Publishes Third Corporate There was a depreciation in the amount on the balance sheet of MSR, half of which was amortization and the other half of which was the multiple compression. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. The corporate mailing address for Mr. Finkelstein and other Annaly Capital Management executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. It did get below that level in early 2019 to about 49 basis points and then the last time prior to that was 2017 and before that it was pre-crisis. Prior to joining Annaly in April 2015, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as a Managing Director in the Credit Funds business. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. During this call, we may present both GAAP and non-GAAP financial measures. All proxy statements are public filings made available to the general public by the SEC. Steven F. Campbell is President and Chief Operating Officer of Annaly. Okay. Also as David mentioned, our internalization transaction closed at the end of the quarter and we anticipate generating cost savings over the long time as we embark on being an internally managed company. He joined the firm in 2013 and assumed the role of Chief Investment Officer in 2016. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Previously, Ms. Denahan served as Chief Executive Officer of Annaly from November 2012 to September 2015 and as Co-Chief Executive Officer of Annaly from October 2012 to November 2012. Ms. Bovich has also served as a board member of The Dreyfus Family of Funds since 2012, including currently serving as a board member of a number of registered investment funds within the fund complex. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions (and our outlook for our business in light of these conditions, which is uncertain); 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; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our middle market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; risks related to investments in mortgage servicing rights; our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act.