Annaly Capital Management, Inc. is a real estate investment trust (REIT) based in the United States. It primarily invests in mortgage-backed securities and other related assets. The company aims to generate income for its shareholders through interest earned on these investments. Founded in 1997, Annaly is one of the largest mortgage REITs in the country. It operates by leveraging its capital to purchase high-quality assets, often backed by government-sponsored entities like Fannie Mae and Freddie Mac. This strategy allows Annaly to provide attractive dividends to its investors while managing risks associated with interest rate fluctuations.