The Yield Hunter Let's make some money and sleep well at night
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Annaly Capital
A Financial REIT
Period End 3/31/2008
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Copyrights 2006-2007 SGM Publishing
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Annaly Capital Management, Inc., a real estate investment trust, engages
in the ownership, management, and financing of a portfolio of investment
securities. The company invests primarily in mortgage pass-through
certificates, collateralized mortgage obligations, agency callable
debentures, and other mortgage-backed securities representing
interests in or obligations backed by pools of mortgage loans. Annaly
Capital also invests in Federal Home Loan Bank, Federal Home Loan
Mortgage Corporation, and Federal National Mortgage Association
debentures. The company has elected to be taxed as a real estate
investment trust (REIT). As a REIT, the company would not be subject to
federal corporate income tax, provided it distributes at least 90% of its
taxable income to its stockholders. It was formerly known as Annaly
Management, Inc. in August 2006. Annaly Capital Management was
incorporated in 1996 and is based in New York City.