Annaly: Bullet-Proof Dividend Thanks To Convertible Senior Notes [View article]
Annaly does not own Chimera if Chimera is a publicly traded stock.
Chimera was founded by Annaly. As Annaly’s investment strategy is different than Chimera's, Chimera was launched as a separate company, the investments of which are managed by Annaly’s wholly owned subsidiary, FIDAC. FIDAC earns a management fee for managing Chimera. Annaly owns a small percentage of Chimera’s stock so that Chimera’s interests are aligned with those of Annaly and FIDAC.
Annaly: Bullet-Proof Dividend Thanks To Convertible Senior Notes [View article]
Chimera was founded by Annaly. As Annaly’s investment strategy is different than Chimera's, Chimera was launched as a separate company, the investments of which are managed by Annaly’s wholly owned subsidiary, FIDAC. FIDAC earns a management fee for managing Chimera. Annaly owns a small percentage of Chimera’s stock so that Chimera’s interests are aligned with those of Annaly and FIDAC.
To learn more about Annaly please visit its website, http://www.Annaly.com.
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