Discover
Annaly's History
Annaly Capital Management, Inc. (“Annaly”) was founded in 1996 out of the collaboration of a handful of forward-thinking entrepreneurs, including Michael A. J. Farrell and Wellington J. Denahan. The Company was created with the goal of delivering competitive and dependable returns in a variety of interest rate and economic conditions. In October 1997, Annaly completed its initial public offering and began trading on the NYSE.
Power
$74bn
Total Portfolio
Proven
$25bn
in Dividends Declared over
100 Consecutive Quarters
People
25+
Years of Average Industry Experience for Seasoned Leadership Team
Our history is marked by a series of market-leading actions that have grown Annaly from a pure play agency mortgage REIT into the large-cap diversified capital manager we are today. Early on, we anticipated the benefits that diversifying into credit businesses would provide to offset our interest rate sensitive cash-flows.
We have led the market in strategic corporate actions, including by raising more equity capital than any other mortgage REIT, structuring the first convertible debt offering, executing the largest non-rated perpetual preferred offering and completing the first and largest acquisition in the mortgage REIT sector.
Timeline
Event Categories:
- Navigate to the Capital Markets
- Navigate to the M&A
- Navigate to the Corporate Responsibility & Governance
2023
Annaly Board of Directors appoints three new Independent Board members to the Board of Directors
Annaly publishes fourth ESG report
Annaly receives a 2022 SHARP award from Freddie Mac
Annaly selected for sixth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace
2022
Annaly celebrates the 25th anniversary of its initial public offering
Annaly added to the S&P MidCap 400 Index
Annaly raises $1.5 billion in gross proceeds through two common stock equity offerings
Annaly closes $2.4 billion sale of its Middle Market Lending portfolio, inclusive of on-balance sheet assets as well as assets managed for third parties
Annaly publishes third Corporate Responsibility report
Annaly selected for fifth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace
Annaly announces renewed share repurchase program $1.5bn
2021
Annaly closes $2.3bn sale of its Commercial Real Estate business
Annaly publishes second Corporate Responsibility report
Annaly Board of Directors appoints new Independent Board member to the Board of Directors
Annaly selected for fourth consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace
2020
Annaly publishes inaugural Corporate Responsibility report
Annaly completes management internalization
David Finkelstein named as CEO and elected to the Board
Annaly selected for third consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace
2019
Annaly separates CEO and Chair role; Appoints an Independent Chair of the Board
Annaly raises $442.5mm in a 6.75% Fixed-to-Float preferred equity offering
Annaly announces share repurchase program of $1.5bn
Annaly Board of Directors appoints 2 new Independent Board members to the Board of Directors
Annaly raises $840mm in gross proceeds in a common stock equity offering
Annaly selected for second consecutive year in Bloomberg Gender-Equality Index, recognizing commitment to advancing women in the workplace
Annaly and Capital Impact Partners announce launch of second social impact joint venture
2018
Annaly raises $877mm in gross proceeds in a common stock equity offering
Annaly closes $906mm acquisition of MTGE Investment Corp.
Annaly is recognized in the inaugural 2018 Bloomberg Gender Equality Index
Annaly raises $425mm in a 6.50% Fixed-to-Float preferred equity offering
2017
Annaly and Capital Impact Partners announce launch of first social impact joint venture
Annaly raises over $2.4bn in 80 days across 2 common stock equity raises ($816mm and $857mm) and a preferred stock equity ($720mm) raise
2016
Annaly closes $1.5bn acquisition of Hatteras Financial Corp., the largest ever mortgage REIT acquisition
2015
Annaly separates from Chimera Investment Corp. and subsequently enters into non-agency RMBS on balance sheet
2014
Annaly Board of Directors names new Independent Board member to the Board of Directors
2013
Annaly closes acquisition of CreXus, allowing for Annaly’s on balance sheet diversification into commercial assets which is now known as Annaly Commercial Real Estate Group, Inc.
Annaly Board of Directors names new Independent Board member to the Board of Directors
2012
Annaly completes largest ever mortgage REIT convertible offering ($750mm)
Annaly completes largest and first ever non-rated perpetual preferred offering ($300mm)
Annaly announces $1.5bn share repurchase authorization
2011
Annaly raises approximately $3bn in 41 days
Annaly completes the then largest US overnight block trade ever ($2.4bn)
2010
Annaly establishes middle market lending group, which later becomes Annaly Middle Market Lending LLC
Annaly completes first ever mortgage REIT convertible offering ($600mm)
Annaly completes first mortgage REIT overnight block trade ever ($1.1bn)
2009
CreXus Investment Corp. completes $200mm initial public offering
2008
Annaly establishes a commercial real estate group, which later becomes CreXus Investment Corp.
FINRA Broker Dealer, Arcola Securities, Inc. (formerly known as RCAP Securities, Inc.), is established
2007
Chimera Investment Corp. completes $511mm initial public offering
2006
Annaly changes its name from Annaly Mortgage Management Inc. to Annaly Capital Management, Inc.
2004
Annaly establishes a residential credit platform, which later becomes Chimera Investment Corp.
2001
Annaly dramatically grows its shareholder base from 14.5mm shares to 59.8mm shares and market capitalization from $130mm to $957mm
1997
Annaly completes $102mm initial public offering
1996
Annaly Mortgage Management Inc. is founded and later becomes Annaly Capital Management, Inc.
