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What is the difference between Annaly and FIDAC?

April 26, 2017annaly fidac

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What is the difference between Annaly and FIDAC?

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• FIDAC is the taxable REIT subsidiary of Annaly. FIDAC earns fee income by managing funds and accounts on a global basis for institutional clients and high net worth individuals. Annaly raises money in the public market which it invests in mortgage-backed securities on a leveraged basis with the objective being to generate spread income for distribution to the shareholders in the form of a dividend.