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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



https://seekingalpha.com/news/3541355-annaly-capital-to-agre...

Cheers!
Murph
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.

David
No position
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