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Annaly Capital Management Acquires Its External Manager

Annaly Capital Management Acquires Its External Manager

Annaly Capital Management (NYSE: NLY) is now an internally managed company, after formally acquiring the entity that used to perform that work. The mortgage real estate investment trust (mREIT) announced that it has purchased the similarly named Annaly Management Company for a nominal price of $1 in cash; no extra fees were transacted. Internally managed ones keep this within their own company structure.