Annaly Capital Management, Inc. Expands Board with Election of Manon Laroche and Scott Wede
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“We are excited to welcome both Manon and
Ms. Laroche served as Managing Director, Head of Global Spread Products Securitized Sales,
Mr. Wede served as the Global Head of Securitized Products and Municipal Finance at Barclays Capital from 2004 to 2015. More recently, Mr. Wede served as the President and Chief Financial Officer of Conventus Holdings Corp., a provider of business purpose loans, from January 2022 to April 2022. Mr. Wede has served as a member of the Board of Directors of Rapid Applications Group LLC since 2016 and MPOWER Financing since 2021. He has served as an Advisory Board member of INFLO since 2020. Mr. Wede received a B.S. in Business Administration from Creighton University.
Ms. Laroche and Mr. Wede will stand for re-election to the Board at the Company’s 2024 Annual Meeting of Stockholders for a term of one year. Ms. Laroche has been appointed to the Board’s Corporate Responsibility and Risk Committees. Mr. Wede has been appointed to the Board’s Audit and Risk Committees.
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. 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. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.
Forward-Looking Statements
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,” “should,” “estimate,” “project,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow our residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for
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Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
investor@annaly.com
Source: Annaly Capital Management, Inc.