david finkelstein annaly compensation

You may also find the annual proxy statement by going directly to the company's website. I didn't in the prepared comments. NEW YORK--(BUSINESS WIRE)-- 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 . Despite the challenging environment, we're pleased with how the portfolio has performed during the period ending the quarter essentially unchanged at $2.2 billion in assets. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. in Education with a concentration in mathematics education and an M.B.A. with a concentration in finance and quantitative statistics, each with honors from the University of Georgia. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. Enter your email address below to get our daily insider buying and selling report. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice. 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 . Look, first of all I'll talk about the footprint and agency derivatives for example and what we're talking about here Eric is the difference between balance sheet leverage and instructional leverage. Annaly Capital Management (NYSE:NLY) Q4 2021 Earnings Conference Call February 10, 2022 10:00 AM ETCompany Participants. GAAP net income (loss . David L Finkelstein is CEO/Chief Investment Ofcr at Annaly. Learn More on David L. Finkelstein's contact information. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and 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. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York as well as a member of the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. We recorded reserves associated with our credit businesses of $68.8 million on funded commitments during the second quarter. 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. Learn More on David L. Finkelstein's salary. I'd now like to turn the conference over to Purvi Kamdar. Consistent with that strategy, since the beginning of the second quarter, we added $1.125 billion of capacity across two new credit facilities for our residential credit group, the permanent nonrecourse financing. My No. 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. Over the last 20 years, insiders at Annaly Capital Management Inc have traded over $734,400 worth of Annaly Capital Management Inc stock and bought 3,810,453 units worth $38,359,155 So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. So it's reflected in your funding cost. Please. We continue to be impressed by the resiliency of our workforce and the exemplary service that our IT infrastructure team has provided to every one of us during the time of remote work. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Athletes' ambitions don't end when they leave the field of play. We appropriately conservatively reserve for any what we think to be of any eventuality down out the horizon but there's idiosyncratic risk in every credit asset and so we feel good about it, but there could be one-off disruptions and so that's we're looking at as well. Data Year: 2021. Biography of David Finkelstein. We don't anticipate increasing agency meaningfully, but we do recognize that these credit markets are a little bit slow to redevelop. Please go ahead. Mr. Campbell received a B.B.A. He joined the firm in 2013 and assumed the role of Chief Investment Officer in 2016. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. 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. Thank you. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. We don't complete clarity on the economy and some of that runoff could go into the agency sector. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. When I look this morning three month 10-year swaption was up 53 basis points. Annaly is a leading diversified capital manager with investment strategies across mortgage finance. 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. 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. David Finkelstein About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form . Prior to joining Annaly in 2013, Mr. Votek was an Executive Vice President and Treasurer at CIT Group since 1999 and also President of Consumer Finance since 2012. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. And now with that, I'll hand it over to Serena to discuss the financials. Overall we feel good about conservative positioning in the portfolio across sectors and the strength of our relationships with best in class sponsors and operating partners to mitigate in further disruption. The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. This chart shows David L Finkelstein's buying and selling at Annaly Capital Management by year and by quarter. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Portfolio construct has been protected against broader sectors that have witnessed demand destruction and we maintain meaningful exposure where pockets of spend remainder resilient. The chart on this page features a breakdown of the total annual pay for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. Mr. Schaefer served as a board member and chair of the audit committee of USI Holdings Corporation from 2008 through 2012. Mar 16, 2020. Mr. Finkelstein has over 25 years of experience in fixed income investments. 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 . This information is according to proxy statements filed for the 2021 fiscal year. Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. We remain comfortable with our existing credit portfolios and the associated Cecil reserves and will continue to monitor specific asset performance and economic projections as we determine future reserves. They provide a much better competitive profile with lower prepayment characteristics than the market, but generally speaking pool pricing can be variable and so that's probably the risk in any agency. Now to begin with, I wanted to touch on a few strategic corporate actions we've taken as of late. Under the standard an entity recognizes its estimate of lifetime expected credit losses as an allowance, which the fed believes will result in more timely recognition of such losses and while changes in economic scenarios and asset performance in the future will impact Cecil reserves in subsequent quarters, current reserve levels should not be considered as a pervasive credit issue within the portfolio or an indication of what reserves may be recorded in the future. I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. The oldest executive at Annaly Capital Management Inc is FrancineBovich, 68, who is the Independent Director. 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. 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: . Appreciate the color. 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. The reason why they appreciate is because there worth it. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. 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. 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.

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