CORPORATE DEBT

6 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

CORPORATE DEBT

9.CORPORATE DEBT

The Company invests in corporate loans and corporate debt securities through Annaly Middle Market Lending LLC.

The industry and rate sensitivity dispersion of the portfolio as of June 30, 2017 and December 31, 2016 are as follows:

	Industry Dispersion
	June 30, 2017						December 31, 2016
	Fixed Rate		Floating Rate		Total		Fixed Rate		Floating Rate		Total
	(dollars in thousands)
Aircraft and Parts	$	-	$	34,892	$	34,892	$	-	$	32,067	$	32,067
Commercial Fishing		-		38,828		38,828		-		40,600		40,600
Computer Programming, Data Processing & Other Computer Related Services		-		132,323		132,323		-		146,547		146,547
Drugs		-		33,642		33,642		-		34,042		34,042
Groceries and Related Products		-		14,838		14,838		-		14,856		14,856
Grocery Stores		-		23,618		23,618		-		23,761		23,761
Home Health Care Services		-		24,033		24,033		-		39,205		39,205
Insurance Agents, Brokers and services		4,414		72,973		77,387		4,391		73,267		77,658
Management and Public Relations Services		-		94,481		94,481		-		16,493		16,493
Medical and Dental Laboratories		-		26,039		26,039		-		17,292		17,292
Miscellaneous Business Services		-		19,797		19,797		84,486		-		84,486
Miscellaneous Equipment Rental and Leasing		-		19,630		19,630		-		-		-
Miscellaneous Health and Allied Services, not elsewhere classified		-		25,241		25,241		-		9,791		9,791
Miscellaneous Nonmetallic Minerals, except Fuels		-		24,674		24,674		-		24,688		24,688
Miscellaneous Plastic Products		-		9,914		9,914		-		27,036		27,036
Motor Vehicles and Motor Vehicle Parts and Supplies		-		12,259		12,259		-		12,319		12,319
Offices and Clinics of Doctors of Medicine		-		48,274		48,274		-		83,386		83,386
Offices and Clinics of Health Practitioners, not elsewhere classified		-		7,444		7,444		-		-		-
Personnel Supply Services		-		-		-		-		36,921		36,921
Public Warehousing and Storage		-		37,121		37,121		-		-		-
Research, Development and Testing Services		-		17,717		17,717		-		17,744		17,744
Schools and Educational Services, not elsewhere classified		-		20,890		20,890		-		20,979		20,979
Surgical, Medical, and Dental Instruments and Supplies		-		13,041		13,041		-		13,403		13,403
Telephone Communications		-		17,874		17,874		-		-		-
Total	$	4,414	$	769,543	$	773,957	$	88,877	$	684,397	$	773,274

The table below reflects the Company’s aggregate positions by their respective place in the capital structure of the borrowers as of June 30, 2017 and December 31, 2016.

	June 30, 2017		December 31, 2016
	(dollars in thousands)
First lien loans	$	496,953	$	505,956
Second lien loans		272,590		178,441
Second lien notes		-		84,486
Subordinated notes		4,414		4,391
Total	$	773,957	$	773,274