Returns to Shareholders

Annualized Total Return Comparison Since 2014

Annaly’s total return has outperformed in comparison to mREIT competitors and other fixed income benchmarks

Note: Market data from December 31, 2013 to March 31, 2017. Agency mREITs represent AGNC, CYS, ARR, CMO and ANH. Hybrid mREITs represent TWO, NRZ, CIM, MFA, IVR, PMT, RWT, MTGE, NYMT, WMC, MITT, DX and EARN. Commercial mREITs represent STWD, BXMT, ACRE, ABR, STAR, ORC, RAS and RSO. BDCs represents public BDCs with market capitalization greater than $500mm that were publicly traded as of December 31, 2013 (MAIN, HTGC, TCAP, ARCC, PSEC, AINV, GBDC, NMFC, SLRC, TCPC, FSC, PNNT, BKCC and PFLT). U.S. Investment Grade Bonds represent the Barclays US Aggregate Bond Index (LBUSTRUU Index).

Total Return Since Inception

Since Annaly’s IPO in 1997, the company has achieved total return of over 750%

Note: Market data from October 7, 1997 to March 31, 2017.

Dividends Since Inception

Since Annaly’s IPO in 1997, the company has declared over $15 billion in dividends