David Finkelstein Net Worth, Biography, and Insider Trading Today I'd like to highlight a number of current corporate initiatives, provide an update on the market and discuss portfolio activity across our core business during the quarter and finally provide our outlook for the balance of the year and then I'll hand it off to Serena to discuss the financials. You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. You may now disconnect. Steven F. Campbell is President and Chief Operating Officer of Annaly. 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. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. So the NIM itself is not reflective of TBAs at all to your dollar role at all? The information shown here is a reporting of information included in the company's proxy statement. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. From 1995 until 2002, he held the position of Executive Vice President of Phoenix Investment Partners, Ltd., a NYSE-listed company, and President of Phoenix Investment Counsel, where he was responsible for the management and oversight of $25 billion in closed-end and open-end mutual funds, corporate pension funds and insurance company portfolios. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Please go ahead. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. 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. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. The improvement in singles that the market currently believes that the majority of forbearance cases, which have stabilized over the past couple of months will ultimately be resolved. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital . David Finkelstein - Chief Executive Officer & Chief - LinkedIn David L. Finkelstein C.F.A. Net Worth (2022) | wallmine With respect to the incremental benefit of the TBA position for the second quarter, I'll say I think the actual dollar contribution or in pennies was about $0.07 and with respect to the NIM contribution, Serena you can. biography. And now with that, I'll hand it over to Serena to discuss the financials. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. Please go ahead. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York. Mr. Finkelstein has over 25 years of experience in fixed income investments. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine Okay. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. June 30, 2022 . So broadly speaking in agency it's probably pool pricing and in credit there could be unforeseen events given the economy that could disrupt individual assets. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. He began his investment banking career at E.F. Hutton & Company in 1976. Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors. . John H. Schaefer was elected to serve as an independent director of Annaly in 2013. 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. David Finkelstein - Chief . 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. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Mr. David L. Finkelstein, C.F.A., serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. . Ms. Denahan has a B.S. Right. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. 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). We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions (and our outlook for our business in light of these conditions, which is uncertain); 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; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our middle market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; risks related to investments in mortgage servicing rights; 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 U.S. federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act. 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. In terms of how it's actually reflected in the yield it's not. There are no executives at Annaly Capital Management Inc getting paid more. All participants will be in a listen-only mode. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Annaly Capital Management, Inc. Reports 1st Quarter 2022 Results - Wire19 from Loras College. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. 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. david finkelstein annaly compensation Mr. Campbell received a B.B.A. Our measured approach to weathering the crisis served us well we feel very good about our positioning as the recovery progresses as I'll get into more detail. But the good news is, if China invades Taiwan, there is a way to protect yourself. David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Mr. Finkelstein also holds the Chartered Financial Analyst designation. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility. Thanks for joining us today and we'll talk to you soon. Mr. Hamilton received a B.S. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. The most recent stock trade was executed by Anthony C Green on 1 February 2023, trading 1,584 units of NLY stock currently worth $32,203. Previously, he was Chief Financial Officer of Annaly from August 2013 to December 2019. Most recently he exercised 31,721 units of NLY stock worth 194,767$ on 30 June 2022. . When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Yeah it depends on the shape of the curve, like over the last couple of months, the term structure of repo has flattened pretty considerably, which has enabled us to extend out curve at very attractive rate. The oldest executive at Annaly Capital Management Inc is FrancineBovich, 68, who is the Independent Director. So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? 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.
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