Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 16, 2022, Annaly Capital Management, Inc. (the "Company") announced
the departure of Ilker Ertas from his position as Chief Investment Officer of
the Company, effective immediately. David Finkelstein, the Company's Chief
Executive Officer and President, will re-assume the Chief Investment Officer
position upon Mr. Ertas's departure. Mr. Finkelstein previously served as Chief
Investment Officer of the Company from November 2016 until December 2021.
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