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  • sonofmothertrucker sonofmothertrucker Apr 17, 2000 2:19 PM Flag

    Next Dividend?

    Wednesday March 29, 5:00 pm Eastern

    Company Press Release

    Annaly Mortgage Management,
    Inc. Declares First
    Quarter 2000

    NEW YORK--(BUSINESS WIRE)--March 29, 2000--The Board
    of Directors of Annaly
    Mortgage Management, Inc.
    (NYSE: NLY - news) declared the first quarter 2000
    stock dividend of $0.35 per share. The $0.35 per share
    dividend represents a 6% increase from the first quarter
    dividend of $0.33. This dividend is payable on April 28,
    2000, to common shareholders of record as of April 5,
    2000. The
    dividend is paid from earnings and is not
    a return of stockholder equity.

    Timothy J.
    Guba, President and Chief Operating Officer stated
    ``Annaly's history of paying exemplary dividends to our
    shareholders throughout our history remains untainted in yet
    another period of challenging times in the fixed income
    mortgage backed markets. We would like to remind our
    shareholders that dividends may be reinvested through
    Dividend Reinvestment and Share Purchase Plan.''
    Information regarding this plan may be obtained from the
    Administrator, ChaseMellon Shareholder Services, by calling toll
    free 800-842-7629 or by contacting the Company.

    Annaly Mortgage Management, Inc., a Maryland
    corporation, owns and manages a portfolio of mortgage-backed
    assets. The
    Company's principal business objective is
    to generate net income for distribution to
    stockholders from the spread between the
    interest income on
    its assets and the costs of borrowing to finance its
    acquisition of these assets. The Company has elected to
    taxed as a real estate investment trust (REIT) and
    currently has 13,899,689 shares of common stock

    Safe Harbor Statement under the Private
    Securities Litigation Reform Act of 1995: Statements in this
    press release regarding
    Annaly Mortgage Management,
    Inc.'s business which are not historical facts are
    ``forward-looking statements'' that involve
    risks and
    uncertainties. For discussion of such risks and uncertainties,
    which could cause actual results to differ from
    contained in the forward looking statement, see ``Risk
    Factors'' in the Company Registration Statement and 1999
    Form 10K
    filed with the Securities and Exchange

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