NEW YORK–(COMMERCIAL THREAD) – Annaly Capital Management, Inc. (NYSE: ONLY) (“Annaly” or the “Company”) announced today that it has promoted Ilker Ertas to Chief Investment Officer with immediate effect. He will continue to report to David L. Finkelstein, Managing Director of Annaly and a member of the company’s board of directors, who previously served as Chief Investment Officer since 2016.

As Chief Investment Officer, Mr. Ertas will be responsible for overseeing all of Annaly’s investment strategies, including capital allocation, growth initiatives and overall portfolio operations. He will continue to serve on Annaly’s operating committee.

Mr. Ertas has demonstrated leadership in managing Annaly’s agency credit and residential credit investment strategies, most recently as Head of Securitized Products, since joining Annaly in 2015. He has over 20 years of experience in the US bond markets. Prior to joining Annaly, Mr. Ertas worked at Citigroup Inc., where he was most recently Managing Director and Head of Mortgage Derivatives Trading. Mr. Ertas has also held mortgage negotiation positions at Barclays PLC and Lehman Brothers Holdings Inc. Mr. Ertas obtained a Bachelor of Industrial Engineering degree from Bogazici University in Istanbul, Turkey, and an MBA from Yale School. of Management.

David L. Finkelstein, Chief Executive Officer, said: “As we expand our presence in mortgage finance, I am pleased to announce that Ilker has been promoted to the role of Chief Investment Officer. This transition, which is part of our broader executive leadership planning, is natural as Ilker has been instrumental in shaping our current investment portfolio, leveraging his in-depth knowledge of agency MBS. , securities and whole non-agency loans, and other residential and commercial property. products, including mortgage management rights. I have worked with Ilker for over two decades and have confidence in his ability to manage our investment strategies and generate a strong return on investment for our shareholders.

Ilker Ertas, Chief Investment Officer, said: “I am honored to assume my new role as Chief Investment Officer. Annaly has been a leader in the mortgage finance industry since its inception and I am delighted to help lead the portfolio as we continue to expand into new areas such as mortgage management rights and expanded products. residential credit. With the largest capital base in the Mortgage REIT industry and a high quality investment portfolio, Annaly is well positioned to continue to provide competitive risk-adjusted returns for our shareholders. I am grateful to David for his support and look forward to our continuing partnership.

About Annaly

Annaly is a leading diversified capital manager with investment strategies in mortgage finance and middle market corporate lending. Annaly’s primary business objective is to generate net income for distribution to its shareholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is managed in-house and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information about the company is available at www.annaly.com.

Forward-looking statements

This press release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements that are based on various assumptions (some of which are beyond our control) and may be identified by reference to one or more future periods or by the ‘use of forward-looking terminology, such as “may”, “will”, “believe”, “expect”, “anticipate”, “continue”, or similar terms or variations on these terms or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements due to various factors, including, but not limited to, the risks and uncertainties associated with the COVID-19 pandemic, including with respect to unfavorable economic conditions on real estate. associated assets and financing conditions; changes in interest rates; evolution of the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other purchase securities; the availability of funding and, where applicable, the terms of any funding; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or risk management failures on our part or on the part of critical third parties, including cybersecurity incidents; our ability to develop our residential credit business; our ability to develop our lending activities in the middle market; credit risks relating to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; risks associated with investments in mortgage management rights; our ability to seize all contemplated investment opportunities; changes in government regulations or policies affecting our business; our ability to maintain our qualification as a REIT for US federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Companies Act. For a discussion of the risks and uncertainties that could cause actual results to differ from those contained in forward-looking statements, see “Risk Factors” in our most recent annual report on Form 10-K and all reports. quarterly on Form 10- Q. The Company does not undertake, and specifically disclaims any obligation, to publish the result of any revisions that may be made to forward-looking statements to reflect the occurrence of anticipated events or circumstances or unforeseen after the date of such declarations, unless required by law.