Subject: File No. S7-34-11
From: Robert C Delaney
Affiliation: retired

September 14, 2011

I am a long term owner in the stock of Annaly. I have been retired for over 20 years and own this Company for its' dividend income. As you know investment income is extremely difficult to come by and I would be very distressed if Annaly's tax status were to be changed

Very sincerely yours

Robert C Delaney