This might be good news if you own other mreits besides NLY.
At least it looks like NLY will not drag down the sector now.
People are probably realizing all reits are not built the same and some offer much more value than others.
Off topic, MTGE traded back over it's last stated book value yesterday!
Good news. : )
I suspect the downturn in NLY is overdone. Even if the div is dropped 10 cents it's still an 11% return, which is great in this div-starved environment. As long as baby boomer continue to retire in record numbers we are OK.