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Annaly Capital Management, Inc. and PennyMac Financial Services, Inc. Enter Into Strategic Subservicing Relationship and Agreement to Purchase Mortgage Servicing Rights

Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly"), the world's largest residential mortgage real estate investment trust, and PennyMac Financial Services, Inc. (NYSE:PFSI) ("Pennymac"), a top mortgage lender and