David L. Finkelstein C.F.A. Net Worth (2022) | wallmine There are no executives at Annaly Capital Management Inc getting paid more. company's disclosure obligations under Regulation FD and to post and update investor presentations and some more materials on a regular basis. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. Does that answer your question? Maurion Davis on LinkedIn: #leader #citibank 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. This report is not for commercial use. 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. The economic slowdown brought on by the pandemic has obviously created considerable uncertainty and this is different kind of recession than that which we've experienced in the past, given the unprecedented speed and magnitude of the downturn. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 As I mentioned last quarter, we expect to see more growth in this segment as markets continue to normalize and we are encouraged by the steady pace of securitization activity to support our asset generation strategy. 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. PHIL 21505/31505 Wonder, Magic, and Skepticism. Mr. Finkelstein has 25 years of experience in fixed income investments. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. [Operator Instructions] Please note this event is being recorded. Annaly Capital Management can also be reached via phone at (212) 696-0100 and via email at [emailprotected] Learn More on David L. Finkelstein's contact information. Mr. Hamilton has served as an Owner and Director of Construction Forms, Inc. (Con Forms), an industrial manufacturing company, since 2013. Mr. Hamilton received a B.S. 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. 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. NEW YORK--(BUSINESS WIRE)-- Of this total $1,000,000 was received as a salary, $6,325,000 was received as a bonus, $0 was received in stock options, $1,800,001 was awarded as stock and $13,763 came from other types of compensation. Right. 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. was elected to serve as an independent director of Annaly in February 2019. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . I'd now like to turn the conference over to Purvi Kamdar. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. David you had in your comments suggested that Q3 earnings core earnings are on track to exceed the dividend again and I'm curious when you guys think about dividend policy, currently your ROEs are very high. He began his investment banking career at E.F. Hutton & Company in 1976. While our portfolio speech did experience an increase on the quarter, prepays on our overall portfolio were notably lower than the GSE universe, which paid roughly eight CPR faster despite the higher average coupon of our portfolio relative to the universe. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. Very helpful and one quick follow-up if I may, you mentioned in terms of the agency funding composition extending out the repo financing terms, wondering going forward, would you expect to either further lengthen the repo financing terms or maintain what you've been doing, thanks? Information on this page was last updated on 6/17/2022. Shifting to middle-market lending, activity has also picked up as of late as spreads have tightened and sponsors have refinanced transactions that have exhibited improving underlying leverage profiles. 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. Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results David L. Finkelstein Chief Executive Officer, President and Director: Okay. John H. Schaefer was elected to serve as an independent director of Annaly in 2013. Learn More on David L. Finkelstein's contact information. At quarter end, we closed our previously announced internalization transaction, which marks a significant step in the series of measures Annaly has implemented as an industry leader from a government standpoint. 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. Great. in Finance from Florida State University. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. He began his career in 1979 in the commercial lending program at Philadelphia National Bank. 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. Ms. Williams has over 17 years of compensation and governance experience. David L. Finkelstein C.F.A. Net Worth (2023) | wallmine You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . David L. Finkelstein C.F.A. Hey guys, this is actually Josh Bolton on for Doug. Get notified the next time David L. Finkelstein buys or sells Annaly Capital Management stock. This information is according to proxy statements filed for the 2021 fiscal year. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We continue to think it critical in the current environment to consider the address economic scenarios available in this process and to err on the side of conservatism given a significant uncertainty in the economic and market values scenarios. 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. Insiders at Annaly Capital Management own 0.3% of the company. 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. Mr. Schaefer has over 40 years of financial services experience including serving as a member of the management committee of Morgan Stanley from 1998 through 2005. We have entered a more normalized environment with fed action serving as a key driver and spreads have retraced much the widening experienced in March we do remain positive on the sector given ample funding availability at low rates due to rate volatility and a complete reversal of an inferior technical backdrop that characterizes sector at the outset of this year. 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. Learn More on Annaly Capital Management's active insiders. Prior to joining NBCUniversal, Ms. Williams was a Partner with Pay Governance LLC and a Principal with Towers Perrin (now Willis Towers Watson). Right. And everything you said the two words that stood out everything changes. When expanded it provides a list of search options that will switch the search inputs to match the current selection. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. On the financing side, our weighted average cost of borrowing decreased by roughly 60 basis points to 2.7% driven largely by a reduction in LIBOR given the fed cuts. David Finkelstein Net Worth, Biography, and Insider Trading 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. So we set the dividend at $0.22 because we believe that to be the sustainable level for the foreseeable future as long as we had a lens into the horizon. 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. See David L Finkelstein's compensation, career history, education, & memberships. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. 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. Learn More on David L. Finkelstein's trading history. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Please go ahead. Ms. Denahan was Annalys Chief Operating Officer from January 2006 to October 2012 and Chief Investment Officer from 2000 to November 2012. No, I think I understand. June however, did bring about an increase in new refinancing requests with some new acquisition activity at post-COVID purchase prices and simultaneously, we've seen a significant number of warehouse providers begin to close new loans although pricing levels have been reset higher. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. It's been relatively calm. Thanks for joining us today and we'll talk to you soon. Annaly Co-Founder Wellington J. Denahan to Retire from the Board after 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. And did you guys say what your book value was through July? 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. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. And prepay is obviously being the uncertainty and the risk which we I don't think you heard a lot about I'm sure this quarter and I think we managed prepay risk as well as anybody. A lot of that is driven by the tailwind from the fed and specialism and TBAs where our role income doubled over the quarter and it is currently existent today and if we look at past episodes it [indiscernible] persisted for some time. 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. All proxy statements are public filings made available to the general public by the SEC. So we're very happy that the market picked up the slack and did a lot of that work. ANNALY CAPITAL MANAGEMENT annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Biography of David Finkelstein. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Biography of David Finkelstein. Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. My No. Investor Relations In the last twelve months, Annaly Capital Management insiders bought shares 1 times. 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.

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