Annaly Capital Management's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Annaly Capital Management, Inc. (NLY)

Q4 2011 Earnings Call

February 8, 2012 9:00 am ET

Executives

Michael A. J. Farrell – Chairman, President and Chief Executive Officer

Kathryn F. Fagan – Chief Financial Officer and Treasurer

Analysts

Bill Carcache – Nomura Securities International, Inc.

Jason Arnold – RBC Capital Markets

Jade J. Rahmani – Keefe, Bruyette & Woods

Steven Delaney – JMP Securities

Daniel Furtado – Jefferies & Co.

Richard Shane – JPMorgan Chase & Co.

Michael R. Widner – Stifel, Nicolaus & Co., Inc.

Matthew Howlett – Macquarie Research Equities

Presentation

Operator

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Good morning, and welcome to the Fourth Quarter Earnings Call for Annaly Capital Management, Inc. At this time, I would like to inform you that this conference is being recorded, and that all participants are in a listen-only mode. (Operator Instructions)

At the request of the company, we will open the conference up for questions-and-answers after the presentation.

Unidentified Company Representative

This earnings call may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934.

Forward-looking statements which are based on various assumptions, some of which are beyond our control, may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms.