NYSE:NLYMortgage REITs
Annaly Capital Raises US$509 Million And Refocuses On Residential Credit
Annaly Capital Management (NYSE:NLY) raised US$509 million in the first quarter.
The capital raise is aimed at expanding investments in residential credit and mortgage servicing rights.
The move is intended to support long term earnings capacity and dividend sustainability.
Annaly is one of the larger mortgage real estate investment companies, with a focus on agency and residential credit assets. Its latest capital raise puts more focus on residential credit and mortgage servicing rights,...