<SEC-DOCUMENT>0001206774-19-001281.txt : 20190409
<SEC-HEADER>0001206774-19-001281.hdr.sgml : 20190409
<ACCEPTANCE-DATETIME>20190409161847
ACCESSION NUMBER:		0001206774-19-001281
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20190409
DATE AS OF CHANGE:		20190409
EFFECTIVENESS DATE:		20190409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANNALY CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0001043219
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				223479661
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13447
		FILM NUMBER:		19739679

	BUSINESS ADDRESS:	
		STREET 1:		1211 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212 696 0100

	MAIL ADDRESS:	
		STREET 1:		1211 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANNALY MORTGAGE MANAGEMENT INC
		DATE OF NAME CHANGE:	19970729
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>nly3497131-defa14a.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS
<TEXT>

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<P align=center><FONT face=Arial size=2>UNITED STATES<BR></FONT><FONT face=Arial size=2>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549 </FONT></P>
<P align=center><FONT face=Arial size=2>SCHEDULE 14A </FONT></P>
<P align=center><FONT face=Arial size=2>Proxy Statement Pursuant to Section
14(a) of the <BR>Securities Exchange Act of 1934 (Amendment No. ) </FONT></P>
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    <TD NOWRAP STYLE="text-align: left; width: 1%; padding-right: 8pt">&#9745;</TD>
    <TD noWrap align=left width="87%"><FONT face=Arial size=2>Filed by the Registrant</FONT></TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%; padding-right: 8pt">&#9744;</TD>
    <TD noWrap align=left width="10%"><B><FONT face=monospace size=2></FONT></B><FONT face=Arial size=2>Filed by a Party other
      than the Registrant</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR></TABLE><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

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    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 99%; padding-right: 4pt; padding-left: 4pt"><FONT face=Arial size=2>CHECK THE APPROPRIATE BOX:</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 97%; background-color: #f2f2f2; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Preliminary Proxy Statement</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 97%; background-color: #f2f2f2; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Confidential, For Use of the Commission Only
      (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
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    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 97%; background-color: #f2f2f2; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Definitive Proxy Statement</FONT></TD></TR>
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    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&#9745;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 97%; background-color: #f2f2f2; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Definitive Additional Materials</FONT></TD></TR>
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    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 1%; background-color: #f2f2f2; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD NOWRAP STYLE="border-bottom: #000000 1pt solid; vertical-align: top; text-align: left; width: 97%; background-color: #f2f2f2; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Soliciting Material Under Rule
    14a-12</FONT></TD></TR></TABLE>
<P align=center><IMG SRC="nly3497131-defa14a13x5x1.jpg" BORDER="0"></P>
<P align=center style = "margin-top: -10pt;"><FONT face=Arial size=3><B>Annaly Capital Management, Inc.</B></FONT></P>
<P align=center><FONT face=Arial size=1>(Name of Registrant as Specified In Its
Charter)<BR></FONT><FONT face=Arial size=1>(Name of Person(s) Filing Proxy
Statement, if Other Than the Registrant)</FONT><FONT face=Arial size=2>
</FONT></P>
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    <TD COLSPAN="4" STYLE="width: 99%; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"><FONT face=Arial size=2>PAYMENT OF FILING FEE (CHECK THE APPROPRIATE
      BOX):</FONT></TD></TR>
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    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt">&#9745;</TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="width: 97%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>No fee
  required.</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD COLSPAN="2" STYLE="width: 97%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Fee computed on table below per Exchange Act Rules
      14a-6(i)(1) and 0-11.</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>1)
      Title of each class of securities to which transaction
  applies:</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>2)
      Aggregate number of securities to which transaction applies:</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; line-height: normal; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>3)
      Per unit price or other underlying value of transaction computed
      pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
      filing fee is calculated and state how it was determined):</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>4)
      Proposed maximum aggregate value of transaction:</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal; padding-bottom: 2pt;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>5) Total fee paid:</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD COLSPAN="2" STYLE="width: 97%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Fee paid previously with
      preliminary materials:</FONT></TD></TR>
  <TR  vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt">&#9744;</TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD COLSPAN="2" STYLE="width: 97%; background-color: #f2f2f2; line-height: normal; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=2>Check box if any part of the fee is
      offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
      for which the offsetting fee was paid previously. Identify the previous
      filing by registration statement number, or the form or schedule and the
      date of its filing.</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>1)
      Amount previously paid:</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>2)
      Form, Schedule or Registration Statement No.:</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>3)
      Filing Party:</FONT></TD></TR>
  <TR style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; line-height: normal; padding-bottom: 2pt;" vAlign=bottom>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 1%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 4pt; padding-left: 4pt"></TD>
    <TD STYLE="width: 96%; background-color: #f2f2f2; border-bottom: #000000 1pt solid; text-align: left; vertical-align: top; padding-right: 0in; padding-left: 0in"><FONT face=Arial size=1>4) Date
Filed:</FONT></TD></TR></TABLE><BR>

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<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">*** Exercise Your </FONT></B><B><I><FONT size=5 face="Times New Roman">Right </FONT></I></B><B><FONT size=5 face="Times New Roman">to Vote ***<BR></FONT></B><B><FONT size=3 face=Arial>Important Notice Regarding the Availability of Proxy Materials for the <BR>Stockholder Meeting to Be Held on May 22, 2019.</FONT></B></P>
<DIV style="WIDTH: 96%; FLOAT: right">
<DIV style="WIDTH: 43%; FLOAT: left">
<P STYLE="text-align: left"><B><FONT size=3 face=Arial style="letter-spacing: -0.3px">ANNALY CAPITAL MANAGEMENT, INC.</FONT></B></P><BR>
<BR>
<BR>

<IMG BORDER="0" SRC="nly3497131-defa14ax1x1.jpg"><BR>

<P style="TEXT-ALIGN: justify"><I><FONT size=1 face=Arial>ANNALY CAPITAL MANAGEMENT, INC. <BR>1211 AVENUE OF THE AMERICAS<BR></FONT></I><I><FONT size=1 face=Arial>NEW YORK, NY 10036 <BR>ATTN: GLENN A. VOTEK</FONT></I></P></DIV>
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   <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: center; border-right: Black 1pt solid; border-left: Black 1pt solid"><B><U><FONT size=2 face=Arial>Meeting Information</FONT></U></B></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="border-left: Black 1pt solid; width: 3%; text-align: left; padding-left: 4pt; vertical-align: top"><B><FONT size=2 face=Arial>Meeting Type: </FONT></B></TD>
   <TD STYLE="border-right: Black 1pt solid; width: 97%; text-align: left; padding-right: 4pt"><FONT size=2 face=Arial>Annual Meeting</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="border-left: Black 1pt solid; text-align: left; padding-left: 4pt; vertical-align: top"><B><FONT size=2 face=Arial>For holders as of: </FONT></B></TD>
   <TD STYLE="border-right: Black 1pt solid; text-align: left; padding-right: 4pt"><FONT size=2 face=Arial>March 25, 2019</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="border-left: Black 1pt solid; text-align: left; padding-left: 4pt; vertical-align: top"><B><FONT size=2 face=Arial>Date: </FONT></B><FONT size=2 face=Arial>May 22, 2019&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD STYLE="border-right: Black 1pt solid; text-align: left; padding-right: 4pt"><B><FONT size=2 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time: </FONT></B><FONT size=2 face=Arial>9:00 a.m. Eastern Time</FONT></TD></TR></TABLE>
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   <TD NOWRAP STYLE="width: 3%; text-align: left; border-left: Black 1pt solid; padding-left: 4pt"><B><FONT size=2 face=Arial>Location:&nbsp;&nbsp;&nbsp;</FONT></B></TD>
   <TD STYLE="border-right: Black 1pt solid; width: 97%; text-align: left; padding-right: 4pt"><FONT size=2 face=Arial>Meeting live via the Internet - please visit</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="width: 3%; text-align: left; border-left: Black 1pt solid; padding-left: 4pt"><FONT size=2 face=Arial></FONT></TD>
   <TD STYLE="border-right: Black 1pt solid; width: 97%; text-align: left; padding-right: 4pt"><FONT size=2 face=Arial>
   www.virtualshareholdermeeting.com/NLY2019</FONT></TD></TR>

<TR vAlign=bottom>
   <TD COLSPAN="2" STYLE="width: 100%; text-align: justify; border-left: Black 1pt solid; padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT size=1 face=Arial>The company will be hosting the meeting live via the Internet this year. To attend the meeting via the Internet please visit www.virtualshareholdermeeting.com/NLY2019 and be sure to have the information that is printed in the box marked by the arrow &#10132; <FONT SIZE=1 FACE=ARIAL STYLE="BORDER:#000000 1PT SOLID;">XXXX XXXX XXXX XXXX</FONT> (located on the following page).</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify"><FONT size=2 face=Arial>You are receiving this communication because you hold shares in the company named above.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT size=2 face=Arial>This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at </FONT><I><FONT size=2 face=Arial>www.proxyvote.com </FONT></I><FONT size=2 face=Arial>or easily request a paper copy (see reverse side).</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT size=2 face=Arial>We encourage you to access and review all of the important information contained in the proxy materials before voting.</FONT></P>
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   <TD STYLE="width: 100%; background-color: Black; padding: 3pt">
   <P style="TEXT-ALIGN: justify"><B><FONT size=2 face=Arial color=#FFFFFF>See the reverse side of this notice to obtain proxy materials and voting instructions.</FONT></B></P></TD></TR></TABLE></DIV></DIV>
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<DIV style="TEXT-ALIGN: center; PADDING-BOTTOM:4PT;"><B><FONT size=5 face="Times New Roman">&#151; Before You Vote &#151;<BR></FONT></B><FONT size=3 face=Arial>How to Access the Proxy Materials</FONT></DIV>
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   <TD COLSPAN="2" STYLE="text-align: left; padding-right: 10pt; padding-left: 10pt; padding-top: 2pt"><B><FONT size=2 face=Arial>Proxy Materials Available to VIEW or RECEIVE:</FONT></B></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: left; padding-right: 10pt; padding-left: 10pt; padding-bottom: 4pt"><FONT size=2 face=Arial>2018 ANNUAL REPORT TO STOCKHOLDERS</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face=Arial>2019 NOTICE &amp; PROXY STATEMENT</FONT></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: left; padding-right: 10pt; padding-left: 10pt"><B><FONT size=2 face=Arial>How to View Online:</FONT></B></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: justify; padding-right: 10pt; padding-left: 10pt; padding-bottom: 4pt"><FONT size=2 face=Arial>Have the information that is printed in the box marked by the arrow &#10132;</FONT><FONT style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" size=1 face=Arial>XXXX XXXX XXXX XXXX </FONT><FONT size=2 face=Arial>&nbsp;(located on the following page) and visit: <I>www.proxyvote.com.</I></FONT></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: left; padding-right: 10pt; padding-left: 10pt"><B><FONT size=2 face=Arial>How to Request and Receive a PAPER or E-MAIL Copy:</FONT></B></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: justify; padding-right: 10pt; padding-left: 10pt; padding-bottom: 2pt"><FONT size=2 face=Arial>If
   you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a
   copy. Please choose one of the following methods to make your request:</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="width: 3%; text-align: left; padding-left: 60pt"><FONT size=2 face=Arial>1) </FONT><I><FONT size=2 face=Arial>BY INTERNET</FONT></I><FONT size=2 face=Arial>: </FONT></TD>
   <TD STYLE="width: 97%; text-align: left"><FONT size=2 face=Arial>www.proxyvote.com</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="text-align: left; padding-left: 60pt"><FONT size=2 face=Arial>2) </FONT><I><FONT size=2 face=Arial>BY TELEPHONE</FONT></I><FONT size=2 face=Arial>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
   <TD STYLE="text-align: left"><FONT size=2 face=Arial>1-800-579-1639</FONT></TD></TR>
<TR vAlign=bottom>
   <TD NOWRAP STYLE="text-align: left; padding-bottom: 4pt; padding-left: 60pt"><FONT size=2 face=Arial>3) </FONT><I><FONT size=2 face=Arial>BY E-MAIL*</FONT></I><FONT size=2 face=Arial>: </FONT></TD>
   <TD STYLE="text-align: left; padding-bottom: 4pt"><FONT size=2 face=Arial>sendmaterial@proxyvote.com</FONT></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: justify; padding-right: 10pt; padding-left: 10pt; padding-bottom: 4pt"><FONT size=2 face=Arial>* If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked by the arrow &#10132; <FONT style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" size=1 face=Arial>XXXX XXXX XXXX XXXX</FONT>&nbsp;&nbsp;(located on the following page) in the subject line.</FONT></TD></TR>
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   <TD COLSPAN="2" STYLE="text-align: justify; padding-right: 10pt; padding-left: 10pt; padding-bottom: 2pt"><FONT size=2 face=Arial>Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before May 8, 2019 to facilitate timely delivery.</FONT></TD></TR></TABLE><BR>

<DIV style="TEXT-ALIGN: center; PADDING-BOTTOM:4PT;"><B><FONT size=5 face="Times New Roman">&#151; How To Vote &#151;<BR></FONT></B><FONT size=3 face=Arial>Please Choose One of the Following Voting Methods</FONT></DIV>
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   <TD NOWRAP STYLE="width: 100%; text-align: left; padding: 2pt 10pt"><B><FONT size=2 face=Arial>Vote By Internet:</FONT></B></TD></TR>
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   <TD STYLE="width: 100%; text-align: left; padding-left: 25pt; padding-bottom: 1pt; padding-right: 10pt"><I><FONT size=2 face=Arial>Before The Meeting:</FONT></I></TD></TR>
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   <TD STYLE="width: 100%; text-align: justify; padding-left: 40pt; padding-bottom: 2pt; padding-right: 10pt"><FONT size=2 face=Arial>Go to </FONT><I><FONT size=2 face=Arial>www.proxyvote.com. </FONT></I><FONT size=2 face=Arial>Have the information that is printed in the box marked by the arrow &#10132;<FONT style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" size=1 face=Arial>XXXX XXXX XXXX XXXX</FONT> &nbsp;(located on the following page) available and follow the instructions.</FONT></TD></TR>
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   <TD STYLE="width: 100%; text-align: left; padding-left: 25pt; padding-bottom: 2pt; padding-right: 10pt"><I><FONT size=2 face=Arial>During The Meeting:</FONT></I></TD></TR>
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   <TD STYLE="width: 100%; text-align: justify; padding-left: 40pt; padding-bottom: 2pt; padding-right: 10pt"><FONT size=2 face=Arial>Go to </FONT><I><FONT size=2 face=Arial>www.virtualshareholdermeeting.com/NLY2019. </FONT></I><FONT size=2 face=Arial>Have the information that is printed in the box marked by the arrow &#10132;<FONT style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" size=1 face=Arial>XXXX XXXX XXXX XXXX</FONT> &nbsp;(located on the following page) available and follow the instructions.</FONT></TD></TR>
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   <TD STYLE="width: 100%; text-align: justify; padding: 2pt 10pt"><B><FONT size=2 face=Arial>Vote By Mail: </FONT></B><FONT size=2 face=Arial>You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.</FONT></TD></TR></TABLE></DIV>
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   <TD style="WIDTH: 100%; TEXT-ALIGN: left" colSpan=5><B><FONT size=1 face=Arial>The Board of Directors recommends you vote FOR<BR>the following:</FONT></B></TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial>1<FONT size=1 face=Arial>. </FONT></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=1 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD style="WIDTH: 98%; TEXT-ALIGN: left" colSpan=3><FONT size=1 face=Arial>Election of Directors</FONT></TD></TR>

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   <TD style="TEXT-ALIGN: left" colSpan=3>&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><B><FONT size=1 face=Arial></FONT></B></TD>

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   <TD style="WIDTH: 98%; TEXT-ALIGN: left" colSpan=3><B><FONT size=1 face=Arial>Nominees:</FONT></B></TD></TR>

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   <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap>&nbsp;</TD>

   <TD style="TEXT-ALIGN: left" noWrap>&nbsp;</TD>

   <TD style="TEXT-ALIGN: left" colSpan=3>&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial></FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: right"><FONT size=1 face=Arial>1a. </FONT></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: left"><FONT size=1 face=Arial><FONT size=1 face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD style="WIDTH: 96%; TEXT-ALIGN: left"><FONT size=1 face=Arial>Kevin G. Keyes</FONT></TD></TR>

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   <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap>&nbsp;</TD>

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   <TD style="TEXT-ALIGN: right">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial></FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: right"><FONT size=1 face=Arial>1b. </FONT></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: left"><FONT size=1 face=Arial></FONT></TD>

   <TD style="WIDTH: 96%; TEXT-ALIGN: left"><FONT size=1 face=Arial>Thomas Hamilton</FONT></TD></TR>

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   <TD style="TEXT-ALIGN: left" noWrap>&nbsp;</TD>

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   <TD style="TEXT-ALIGN: left">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial></FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: right"><FONT size=1 face=Arial>1c. </FONT></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: left"><FONT size=1 face=Arial></FONT></TD>

   <TD style="WIDTH: 96%; TEXT-ALIGN: left"><FONT size=1 face=Arial>Kathy Hopinkah Hannan</FONT></TD></TR>

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   <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap>&nbsp;</TD>

   <TD style="TEXT-ALIGN: left" noWrap>&nbsp;</TD>

   <TD style="TEXT-ALIGN: right">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial></FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: right"><FONT size=1 face=Arial>1d. </FONT></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: left"><FONT size=1 face=Arial></FONT></TD>

   <TD style="WIDTH: 96%; TEXT-ALIGN: left"><FONT size=1 face=Arial>Vicki Williams</FONT></TD></TR>

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   <TD style="WIDTH: 100%; TEXT-ALIGN: justify" colSpan=5><B><FONT size=1 face=Arial>The Board of Directors recommends you vote FOR proposal 2:</FONT></B></TD></TR>

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   <TD style="TEXT-ALIGN: justify" colSpan=5>&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right"><FONT size=1 face=Arial>2<FONT size=1 face=Arial>.</FONT></FONT></TD>

   <TD style="WIDTH: 1%; TEXT-ALIGN: left"><FONT size=1 face=Arial>&nbsp;</FONT></TD>

   <TD style="WIDTH: 98%; TEXT-ALIGN: justify" colSpan=3><FONT size=1 face=Arial>Advisory approval of the company's executive compensation.</FONT></TD></TR>

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   <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>

   <TD style="TEXT-ALIGN: left">&nbsp;</TD>

   <TD style="TEXT-ALIGN: justify" colSpan=3>&nbsp;</TD></TR>

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   <TD style="WIDTH: 100%; TEXT-ALIGN: justify" colSpan=5><B><FONT size=1 face=Arial>The Board of Directors recommends you vote FOR proposal 3:</FONT></B></TD></TR>

<TR style="VERTICAL-ALIGN: bottom; LINE-HEIGHT: 6pt">

   <TD style="TEXT-ALIGN: justify" colSpan=5>&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial>3<FONT size=1 face=Arial>. </FONT></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=1 face=Arial></FONT></TD>

   <TD style="WIDTH: 98%; TEXT-ALIGN: justify" colSpan=3><FONT size=1 face=Arial>Approval of an amendment of our charter to increase the number of authorized shares of capital stock to 3,000,000,000 shares.</FONT></TD></TR>

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   <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap>&nbsp;</TD>

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   <TD style="TEXT-ALIGN: justify" colSpan=3>&nbsp;</TD></TR>

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   <TD style="WIDTH: 100%; TEXT-ALIGN: justify" colSpan=5><B><FONT size=1 face=Arial>The Board of Directors recommends you vote FOR proposal 4:</FONT></B></TD></TR>

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   <TD style="TEXT-ALIGN: justify" colSpan=5>&nbsp;</TD></TR>

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   <TD style="WIDTH: 1%; VERTICAL-ALIGN: top; TEXT-ALIGN: right" noWrap><FONT size=1 face=Arial>4<FONT size=1 face=Arial>. </FONT></FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=1 face=Arial></FONT></TD>

   <TD style="WIDTH: 98%; TEXT-ALIGN: justify" colSpan=3><FONT size=1 face=Arial>Ratification of the appointment of Ernst &amp; Young LLP as our independent registered public accounting firm for 2019.</FONT></TD></TR>

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   <TD style="TEXT-ALIGN: justify" colSpan=3>&nbsp;</TD></TR>

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   <TD style="WIDTH: 100%; TEXT-ALIGN: justify" colSpan=5><B><FONT size=1 face=Arial>NOTE: </FONT></B><FONT size=1 face=Arial>Voting items may include such other business as may properly come before the meeting or any adjournment thereof.</FONT></TD></TR></TABLE></DIV>

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