Management Perspective : Market Commentary
Investment Advisor Commentary
Our Manager, FIDAC, publishes a monthly market commentary and will occasionally
express thoughts and opinions on more specific issues and events in the financial
These commentaries are intended for informational purposes only, and should
not be construed as an offer to sell, nor a solicitation of an offer to buy, any
securities of Crexus Investment Corp., FIDAC, Annaly Capital Management, Inc. or
any other company.