From 2014 to 2020, Dr. Hannan served as Chairman of the Board & National President for Girl Scouts of the USA. ANNALY CAPITAL MANAGEMENT Compensation by Company. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Our measured approach to weathering the crisis served us well we feel very good about our positioning as the recovery progresses as I'll get into more detail. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. As of 1 February 2023 he still owns at least 401,561 units of Annaly Capital Management Inc stock. As always we spent time analyzing the results of the reserve calculations and ensuring our expectations align with the quality of the portfolio and the performance of the borrowers. 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. Musk Made a Mess at Twitter. 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. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. Please go ahead. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. Mr. Schaefer served as a board member and chair of the audit committee of USI Holdings Corporation from 2008 through 2012. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following board members on its annual proxy statement to the SEC. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. Mr. Green has over 20 years of experience in corporate and securities law. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Hey guys, this is actually Josh Bolton on for Doug. The most recent insider tranaction occured on June, 17th when CEO David L Finkelstein bought 200,000 shares worth more than $1,112,000.00. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . Sure Ken you bet and what I meant by that is that the increase in agency could occur over the very short term as credit markets are still redeveloping and we do have some runoff in that capital will be reallocated to agency over the very near term and when we say that, a very small percentage. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. So right now balance sheet leverage pools of finance through the repo market is more attractive than structural leverage meaning derivatives who when I say structural leverage I mean an asset whose outcome is dependent on a larger asset like derivatives are. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. Mr. Finkelstein earned a salary of $1,000,000.00, a bonus of $6,325,000.00, stock awards of $1,800,001.00, and other compensation of $13,763.00. david finkelstein annaly compensation David L. Finkelstein C.F.A. Highlights and achievements from the 2021 Corporate Responsibility Report include: To learn more about Annalys corporate responsibility initiatives and to view the 2021 Corporate Responsibility Report, please visit www.annaly.com/our-responsibility. 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. So first of all with respect to the repositioning, what we experienced in the quarter was initially a pretty insignificant steepening of the curve, which we anticipated I think got to roughly 20 basis points to 25 basis points higher than it was now. Will His AI Plans Be Any Different? Mr. Reeves received his B.A. 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. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. We feel good about where pools are at. Learn More on Annaly Capital Management's active insiders. Additionally as noted above, core did benefit from a reduction in financing costs with low average repo rates down to 79 basis points from 1.77% combined with lower average repo balanced stands at $68.5 million from $96.8 million and we achieved these results while opportunistically extending our repo book term increasing our weighted average date of maturity by 50% from 48 days to 74 days. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Executive Officer Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors March 16, 2020 07: . This button displays the currently selected search type. Mr. Finkelstein received a B.A. We further reduced the LIBOR footprint of our hedge portfolio with our swap now 80% in OIS and we reinitiated our treasury future short position that was unwound in the first quarter. David Finkelstein | Committee for Economic Development of The 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. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. Please. Good morning and nice quarter guys. 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. None of Annaly's achievements would have been possible without . None of Annaly's achievements would have been possible without . Our next question comes from Rick Shane with JPMorgan. Mar 16, 2020. david finkelstein annaly compensation - eztransport123.com Mr. Finkelstein also holds the Chartered Financial Analyst designation. 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 income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. The market dysfunction that occurred amid the initial COVID outbreak in the US has dissipated and we have seen significant improvement in liquidity and asset pricing. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. I will provide brief financial highlights of the quarter ended June 30, 2020 and while earnings release discloses our GAAP and non-GAAP core results, I will be focusing this morning primarily on our core results and related metrics or excluding PAA. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Salary, bonuses, stock options, stock awards and other compensation for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. David Finkelstein | Department of Philosophy Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility. Okay. On average, Mr trades about 51,067 units every 152 days since 2016. Liquidity tools have sufficiently supported funding markets and credit facilities have opened channels to credit for businesses, households and local governments, the temporary adjustments to regulations have somewhat encouraged bank lending and most impactful to Annaly's portfolio the asset purchases have supported the smooth functioning of treasury and agency markets. Yes the TBA role provided about $97.5 million post NIM for the quarter. David L. Finkelstein C.F.A. Net Worth (2023) | wallmine Turning to earnings, the largest factor quarter-over-quarter to quote an ex-PAA will lower interest expense of $186 million versus $503 million in the prior quarter due to lower average repo rates and balances as well as higher TBA [indiscernible] income of $96 million versus $44 million in the prior quarter, due to higher average balances partially offset by higher expense from the net interest component of interest-rate swaps of $65 million visits $14 million in the prior quarter and higher average balance. 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. And to repo financing remains ample. Mr. Votek has over 30 years of experience in financial services. While our allocation agency may increase modestly, we do continue to evaluate opportunities to deploy capital across our three credit businesses and we are beginning to develop the better lends into how each credit sector is evolving and we expect to shift to a more offensive posture in the coming months as we gain more clarity on the economic and real estate landscape. 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. David Finkelstein | AFL-CIO Mr. Hamilton has served as a Director of Larimar Therapeutics, Inc., a clinical-stage biotechnology company focused on developing treatments for rare complex diseases, since May 2020 when Chondrial Therapeutics, Inc. merged with Zafgen, Inc. and the combined company began operating as Larimar. in Finance from Florida State University. When I look this morning three month 10-year swaption was up 53 basis points. David L. Finkelstein is Chief Executive Officer and President of Annaly. So the NIM itself is not reflective of TBAs at all to your dollar role at all? The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. And my other questions have been asked and answered. Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results Mr. Finkelstein has over 25 years of experience in fixed income investments. Learn More on David L. Finkelstein's salary. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. 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. 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. Select Other Years 2007 2006 For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC . Learn More about David L. Finkelstein's net worth. And finally shifting to our outlook, as we think about our capital allocation out of the horizon, we've been focused on preserving flexibility given uncertainty in the greater economy related to COVID shutdown. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. Biography of David Finkelstein. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. Compensation Ownership; David . Mr. Finkelstein received a B.A. These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. Athletes' ambitions don't end when they leave the field of play. company's disclosure obligations under Regulation FD and to post and update investor presentations and some more materials on a regular basis. Annaly Capital Management (NLY) Q4 2022 Earnings Call Transcript Board of Directors in ANNALY CAPITAL MANAGEMENT. 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. Trustee. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . Learn More on David L. Finkelstein's contact information. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. From 1995 until 2002, he held the position of Executive Vice President of Phoenix Investment Partners, Ltd., a NYSE-listed company, and President of Phoenix Investment Counsel, where he was responsible for the management and oversight of $25 billion in closed-end and open-end mutual funds, corporate pension funds and insurance company portfolios. The lower coupon holdings are predominantly in TBAs and higher coupons are concentrated and specified pools in light of the meaningful elevation in prepayment speeds in this environment. David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's . Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC. Annaly Capital Management, Inc. Names David L. Finkelstein Chief David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. So we feel good about it. We add the incremental dollar role income to core income and then the outcome. Wallmine is a radically better financial terminal. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine Jun 09, 2022. Mr. Schaefer received a B.B.A. Mr. Finkelstein has over 25 years of experience in fixed income investments. Is it picked up in your asset yield or your funding costs or both? . Please go ahead. Current positions of David Finkelstein. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Our goal has been to maintain optimal liquidity thresholds and to manage the portfolio within conservative risk parameters to produce the highest level of quality earnings in this market environment. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. 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. 2022 History of Analytic Philosophy. He began his career in 1979 in the commercial lending program at Philadelphia National Bank. It's all dependent Rick on the attractiveness of the repurchase option relative to other options in our capital allocation policy. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. Okay. 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 . Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. And with that I'll turn the call over to David. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 Eric A. Reeves was elected to serve as an independent director of Annaly in March 2021. This makes analysis regarding Cecil reserves particularly challenging. David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. For the agency derivatives portfolio, I realized you guys maybe [indiscernible] surface very often, but how much of your cost basis was amortized through core earnings in that portfolio last quarter and then with rates having coming down quite a bit, presumably some of those assets are cheap and how are you guys thinking about your footprint in that portfolio? Consequently, we reduced leverage during the quarter from 6.8 times to 6.4 times and made the prudent decision to set our quarterly dividend at $0.22. Now that being said, we are starting to get through this phase 2 as I mentioned last quarter where it's really about recalibrating each portfolio in the business and making sure we're optimizing each of the businesses and we're starting to get a better look at how things are going to unfold and we're seeing opportunities in credit and we're very strong constructive and it just may take a little bit of time to make sure we have the right approach and we have complete clarity on how things are going to play out. He began his investment banking career at E.F. Hutton & Company in 1976. You may also find the annual proxy statement by going directly to the company's website. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Financial Highlights GAAP net income of $1.37 per average common share for the quarter Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter; unchanged from the prior . Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. Yeah it depends on the shape of the curve, like over the last couple of months, the term structure of repo has flattened pretty considerably, which has enabled us to extend out curve at very attractive rate. These initiatives are a testament to our focus on driving shareholder value, ensuring that the firm as a whole, our structure as well as our portfolio is positioned to continue outperforming as our second quarter results demonstrate. Mr. Finkelstein also holds the Chartered Financial Analyst designation. Kathy Hopinkah Hannan, Ph.D., C.P.A. Last quarter I noted that most of assets and liabilities are at fair value and that our book value decline was not a function of post asset sales but rather unrealized mark-to-market losses with potential for recruitment. NEW YORK -- (BUSINESS WIRE)-- 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. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. 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. Appreciate the color. From 1980 until 1984, he was a Senior Financial Analyst at Travelers Insurance Companies. We were certainly careful to take prudent steps during the early phase of the market recovery to ensure we are well positioned to capitalize on the opportunities that are sure to arise. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. Social distancing and mandated shutdowns have damaged certain sectors of the economy and the corresponding impact on the labor market has been substantial. Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call. David L. Finkelstein C.F.A. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. At the time we started quarter with a swap portfolio of about nine odd years I believe, now given how long that portfolio is in duration as we mentioned last quarter provides multiples of interest rate protection relative to the assets, which are much shorter in duration. And with that, I'll turn it over to operator for questions. Mr. Finkelstein has over 25 years of experience in fixed income investments. He served as Senior Advisor to Annaly from March 2020 to August 2020 after serving as Interim Chief Executive Officer and President of Annaly from November 2019 to March 2020. In the second quarter and beyond as we mentioned, we bought back $175 million worth of stock. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Currently, Dr. Hannan serves on the Board of Directors of Otis Elevator Co., Gingko Bioworks and Carpenter Technology Corporation, is Chairman of the Board of Trustees and a member of the Executive Committee of the Smithsonian National Museum of the American Indian, is a Trustee of the Committee for Economic Development in Washington D.C., and is an active member of Women Corporate Directors. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. My No. David L. Finkelstein C.F.A. Consisting of $22 million of additional reserves during the quarter primarily resulting from the impacts of COVID-19 on our [indiscernible] and more general reserves related to forecast for a deterioration in economic conditions and market values of $46.8 million. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital . Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Annaly Co-Founder Wellington J. Denahan to Retire from the Board after He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business.