Annaly Capital Management, Inc. (NYSE:NLY) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET

Company Participants

Sean Kensil - Investor Relations

David Finkelstein - President and Chief Executive Officer

Serena Wolfe - Chief Financial Officer

Ilker Ertas - Chief Investment Officer

Ken Adler - Head, Mortgage Servicing Rights

Mike Fania - Head, Residential Credit

Conference Call Participants

Bose George - KBW

Doug Harter - Credit Suisse

Rick Shane - JPMorgan

Trevor Cranston - JMP Securities

Operator

Good morning and welcome to the Annaly Capital Management Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] At this time, I would like to turn the conference over to Sean Kensil, Director of Investor Relations. Please go ahead.

Sean Kensil

Good morning and welcome to the third quarter 2022 earnings call for Annaly Capital Management. Any forward-looking statements made during today’s call are subject to certain risks and uncertainties, including with respect to COVID-19 impacts, which are outlined in the Risk Factors section in our most recent annual and quarterly SEC filings. Actual events and results may differ materially from these forward-looking statements. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. Additionally, the content of this conference call may contain time-sensitive information that is accurate only as of the date hereof. We do not undertake and specifically disclaim any obligation to update or revise this information.

During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. As a reminder, Annaly routinely posts important information for investors on the company’s website, www.annaly.com. Content referenced in today’s call can be found in our third quarter 2022 investor presentation and third quarter 2022 financial supplement, both found under the Presentations section of our website. Annaly intends to use our webpage as a means of disclosing material non-public information for complying with the company’s disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis.

Please note this event is being recorded. Participants on this morning’s call include David Finkelstein, President and Chief Executive Officer; Serena Wolfe, Chief Financial Officer; Ilker Ertas, Chief Investment Officer; Ken Adler, Head of Mortgage Servicing Rights; and Mike Fania, Head of Residential Credit.

And with that, I will turn the call over to David.