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No. of Recommendations: 1
....which is a good thing, IMHO:

Transaction achieves greater alignment of interests between management and shareholders

Furthers Annaly’s commitment to robust governance practices and enhances disclosure and transparency

Annaly agreed to acquire its external manager for a nominal cash purchase price and no termination fee

Internalized structure expected to provide greater operating flexibility

Internalization expected to close during the second quarter of 2020

BO 2019 and MFPP Home Fool
(long NLY)
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No. of Recommendations: 1
Agreed, and I have always wondered why they externalized in the first place.

But I have always thought of mREITs as especially risky, and still
think so now.

No position
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