Add-on Acquisition • Real Estate

Annaly Acquires MTGE Investment

On May 2, 2018, Annaly acquired real estate company MTGE Investment for 900M USD

Acquisition Context

This is Annaly’s 2nd transaction in the Real Estate sector.
This is Annaly’s 2nd largest (disclosed) transaction.
This is Annaly’s 2nd transaction in the United States.
This is Annaly’s 1st transaction in Maryland.

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M&A Deal Summary
Date	May 2, 2018
Target	MTGE Investment
Sector	Real Estate
Buyer(s)	Annaly
Deal Type	Add-on Acquisition
Deal Value	900M USD

Target Company

MTGE Investment

Bethesda, Maryland, United States

MTGE Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments. The company is externally managed and advised by MTGE Management, LLC, an affiliate of AGNC Investment Corp. MTGE Investment Corp. was formed in 2011 and is headquartered in Bethesda, Maryland.

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Buyer Overview 1

Buyer

Annaly

New York, New York, United States

Category	Company
Founded	1996
Sector	Real Estate
Employees	191
Revenue	1.2B USD (2024)

DESCRIPTION

Annaly is a real estate investment trust (REIT). Annaly was founded in 1996 and is headquartered in New York, New York.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Real Estate	2 of 2
Type: Add-on Acquisition	2 of 2
State: Maryland	1 of 1
Country: United States	2 of 2
Year: 2018	1 of 1
Size (of disclosed)	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-04-11	Hatteras Financial Winston Salem, North Carolina, United States Hatteras Financial Corp. is an own and manage a portfolio of residential mortgage investments, primarily in residential mortgage securities, with a focus on those secured by adjustable-rate mortgage loans on single-family residences.	Buy	$1.5B

DATE

TARGET

DEAL TYPE

VALUE

2016-04-11

Hatteras Financial

Winston Salem, North Carolina, United States

Hatteras Financial Corp. is an own and manage a portfolio of residential mortgage investments, primarily in residential mortgage securities, with a focus on those secured by adjustable-rate mortgage loans on single-family residences.

Buy

$1.5B

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