The popular high-yielding mortgage REIT Annaly Capital Management (NLY 2.15%) 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.
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Annaly Capital Management, Inc.
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?
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