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Annaly Capital Management, Inc. is headquartered at 1211 Ave. of the Americas, in Midtown Manhattan. Annaly Capital Management, Inc. is headquartered at 1211 Ave. of the Americas, in Midtown Manhattan.

NEW YORK CITY—Annaly Capital Management Inc., a locally-based mortgage REIT, reports that it has secured the necessary regulatory approvals to move forward with its pending $900-million acquisition of MTGE Investment Corp.

The cash and stock merger deal, which was announced on May 2, is expected to close on Sept. 7. The deal values MTGE at $19.65 per share of MTGE common stock based on the closing price of Annaly’s common stock on April 30, 2018.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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