Should Annaly's Investors Support This Proposal?

By John Maxfield – Apr 1, 2013 at 3:57PM

NYSE: NLY

Annaly Capital Management

Market Cap

$9B

Today's Change

(-0.32%) -$0.06

Current Price

$18.58

Price as of April 24, 2024, 4:00 p.m. ET

At the upcoming shareholders meeting in May, Annaly's investors will be asked to vote in favor of a proposal that externalizes the REIT's management. Should shareholders vote in support of this move?

The popular high-yielding mortgage REIT Annaly Capital Management (NLY -0.32%) recently filed a proxy statement revealing the issues to be voted on at the company's upcoming shareholders' meeting this May. In addition to the typical proposals concerning the election of directors and executive compensation, Annaly is asking shareholders to approve a change in the structure of its management. In the video below, Motley Fool contributor John Maxfield discusses whether this is a move Annaly's shareholders should support.

John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.