Annaly Capital Management, Inc. (NLY): Here Are Three Factors That Could Hobble It

Of course, many mortgage REITs are externally managed, such as the aforementioned American Capital Agency and American Capital Mortgage Investment Crp (NASDAQ:MTGE). However, this proposal seems to behoove Annaly Capital Management, Inc. (NYSE:NLY)’s management more than its shareholders — and, as my colleague John Maxfield has pointed out, will also protect the board members from having to publicly disclose their salaries. If a large enough contingent of investors questions the wisdom of this move, the meeting could turn into a rumpus that could damage Annaly’s credibility.

This latter scenario will play out next month, while the political issues will likely take longer to simmer. Meantime, Annaly continues to work on its acquistion of CreXus Investment Corp (NYSE:CXS), the purchaser of commercial mortgage-backed securities that Annaly hopes will help relieve some of its QE3-inspired malaise. If there is one thing Annaly Capital Management, Inc. (NYSE:NLY) investors can count on, it is that the rest of 2013 won’t be boring.

The article 3 Things That Could Hobble Annaly Capital originally appeared on Fool.com.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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