Annaly Capital Management, Inc. operates as a comprehensive capital management firm, with its primary business activities focused on mortgage financing and providing loans to middle-market corporations. The company maintains a diverse investment portfolio, which includes agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, direct residential mortgage loans, credit risk transfer instruments, corporate debt obligations, and other commercial real estate ventures. Annaly has chosen to be classified as a Real Estate Investment Trust (REIT) for tax purposes.