UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 12, 2006
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ANNALY CAPITAL MANAGEMENT, INC.
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(Exact name of registrant as specified in its charter)
Maryland 1-13447 22-3479661
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1211 Avenue of the Americas
Suite 2902
New York, New York 10036
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 696-0100
No Change
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
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Fixed Income Discount Advisory Company ("FIDAC"), a wholly owned subsidiary of
Annaly Capital Management, Inc. ("Annaly"), is a registered investment advisor
that serves as investment manager to, among other entities, Prodesse Investment
Limited ("Prodesse"), a limited liability Guernsey-incorporated closed-end
investment company listed on the London Stock Exchange and the Channel Islands
Stock Exchange. At June 30, 2006, FIDAC had under management approximately $2.6
billion in net assets and $14.1 billion in gross assets of which Prodesse
represented approximately $0.2 billion and $1.9 billion, respectively.
On August 15, 2006, the board of directors of Prodesse announced that it had
received a notice from Credit Suisse Securities (Europe) Limited on behalf of
funds managed by Laxey Partners Limited requiring Prodesse to convene an
extraordinary general meeting of shareholders to consider resolutions to remove
four of the five directors of Prodesse and the appointment of replacement
directors.
The extraordinary general meeting was convened on October 12, 2006 for the
purpose of considering the resolutions. At that meeting, the resolutions failed
to pass, and the existing Prodesse board will stay in place.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Annaly Capital Management, Inc.
By: /s/ Kathryn Fagan
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Name: Kathryn Fagan
Title: Chief Financial Officer
Date: October 12, 2006