Annaly Capital Management, Inc. is a prominent player in the mortgage finance industry, boasting a diversified portfolio of investments. The company primarily focuses on agency mortgage-backed securities that are backed by residential mortgages, non-agency residential whole loans, and securitized products within the residential and commercial markets. It also invests in mortgage servicing rights, agency commercial mortgage-backed securities, residential mortgage loans, and agency or private label credit risk transfer securities. Annaly Capital Management, Inc. operates as a real estate investment trust (REIT) and has opted to be taxed as one. By doing so, the company is not required to pay federal income tax as long as it distributes its taxable income to its shareholders. Founded in 1996, the company is headquartered in the bustling city of New York, New York.