Annaly Capital Management's (NLY) CEO Kevin Keyes on Q3 2019 Results - Earnings Call Transcript

Annaly Capital Management (NYSE:NLY) Q3 2019 Earnings Conference Call October 31, 2019 10:00 AM ET

Company Participants

Purvi Kamdar – Head of Investor Relations
Kevin Keyes – Chairman, President and Chief Executive Officer
David Finkelstein – Chief Investment Officer
Glenn Votek – Chief Financial Officer

Conference Call Participants

Rick Shane – JPMorgan
Kenneth Lee – RBC Capital Markets
Matthew Howlett – Nomura
Eric Hagen – KBW
Douglas Harter – Credit Suisse

Operator

Good morning, and welcome to the Annaly Capital Management Quarterly Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Purvi Kamdar, Head of Investor Relations. Please go ahead.

Purvi Kamdar

Thank you. Good morning, and welcome to the Third Quarter 2019 Earnings Call for Annaly Capital Management, Inc. Any forward-looking statements made during today’s call are subject to certain risks and uncertainties, which are outlined in the Risk Factors section and our most recent annual and quarterly SEC filings.

Actual events or results may differ materially from these forward-looking statements. We encourage you to read the forward-looking statements 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 post information for investors on the Company’s website at www.annaly.com. Content referenced in today’s call can be found in our third quarter 2019 investor