Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Ellington Financial First Quarter 2026 Earnings Conference Call. Today's call is being recorded. [Operator Instructions]

It is now my pleasure to turn the call over to Alaael-Deen Shilleh. You may begin.

Alaael-Deen Shilleh
Associate General Counsel & Secretary

Thank you. Before we begin, I'd like to remind everyone that, this conference call may include forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not historical in nature and involve risks and uncertainties detailed in our annual and quarterly reports filed with the SEC. Actual results may differ materially from these statements, so they should not be considered predictions of future events. The company undertakes no obligation to update these forward-looking statements.

Joining me today are Larry Penn, Chief Executive Officer of Ellington Financial; Mark Tecotzky, Co-Chief Investment Officer; and JR Herlihy, Chief Financial Officer.

Our first quarter earnings conference call presentation is available on our website, allllingtonfinancial.com. Today's call will track our presentation, and all statements and references to figures are qualified by the important notice and end notes in the back of the presentation.

With that, I'll hand it over to Larry.

Laurence Penn
CEO, President & Director

Thanks, Alaael-Deen. Good morning, everyone, and thank