NLY
Annaly Capital Management, Inc.
One of the largest mortgage real estate investment trusts in the United States, Annaly invests in mortgage-related assets such as agency mortgage-backed securities rather than owning physical buildings. Founded in 1996 by Michael Farrell and Wellington Denahan, the firm earns income by borrowing at lower short-term rates and investing in higher-yielding mortgage securities, then distributing returns to stockholders. Its name comes not from the founders but from Angaile, an ancient Irish lordship.
REITUnderlying: NLYCUSIP: 035710409Real EstateUS3 holders
Real Estate Investment Trust (REIT)