Annaly Capital Management, Inc. and Wells Fargo Women’s Networks Host New York City Nonprofit Board Fair
Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) announced today that its Women’s Interactive Network (“WIN”), in partnership with Wells Fargo’s women’s network, held a Nonprofit Board Fair (the “Fair”) on June 18, 2019 in New York City, presented by Youth INC. The Fair provided a unique opportunity to connect over 200 women with Executives and Board Members from a wide variety of approximately 20 youth-focused nonprofits in New York City to explore nonprofit board service. Youth INC’s mission is to transform the lives of New York City youth by empowering the nonprofits that serve them. Since its founding in 1994, Youth INC has trained more than 3,000 corporate professionals as potential nonprofit board members and placed over 300 professionals to nonprofit boards from over 80 companies.
“We are proud to have worked with Wells Fargo and Youth INC on this inspiring event, which underscores the continued success and reach of Annaly’s Women’s Interactive Network,” said Kevin Keyes, Annaly’s Chairman, Chief Executive Officer and President. “Aligned with Annaly’s emphasis on diversity and professional development throughout our corporate culture, we are also focused on proactively creating opportunities, such as this Fair, to promote female representation on nonprofit Boards that meaningfully contribute to the communities in which we live and work.”
The Fair marks a milestone for WIN as the first external event hosted in partnership with another organization. Launched in 2017, WIN fosters a strong sense of community and engagement among women at Annaly. Through targeted development and networking opportunities, knowledge exchanges, mentorship, coaching and volunteer efforts, Annaly provides exposure and promotes the progression and advancement of women at the firm. A committee comprised of women at all levels and across business areas spearheads the WIN effort, while being sponsored by designated teams of male and female senior executives. Additional information on Annaly’s diversity and inclusion efforts can be found at www.annaly.com/corporate-responsibility/human-capital.
Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to preserve capital through prudent selection of investments and continuous management of its portfolio. Annaly has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Annaly is externally managed by Annaly Management Company LLC. Additional information on the company can be found at www.annaly.com.