N@N

Annaly Capital Management CEO Michael A.J. Farrell Named to NAREITa?s Executive Board

^{Published on 2010-11-23 07:50:36 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Annaly Capital Management, Inc. (NYSE: NLY) announces that Michael A.J. Farrell, its Chairman, CEO and President, was named to the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT). In addition to being NAREITa™s governing authority, the Executive Board also appoints members of the organizationa™s Audit and Investment Committee and an advisory Board of Governors consisting of NAREIT members. Mr. Farrell also serves on NAREITa™s Mortgage REIT Council, where he chairs the residential sub-committee.

NAREIT is the representative voice for U.S. REITs and publicly traded real estate companies worldwide. Members are REITs and other businesses that own, operate and finance income-producing real estate, as well as those firms and individuals who advise, study and service those businesses.

Annaly manages assets on behalf of institutional and individual investors worldwide. The Companya™s principal business objective is to generate net income for distribution to investors from its investment securities and from dividends it receives from its subsidiaries.