Operator

Good day, and welcome to the ARMOUR Residential REIT First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded.

I would now like to turn the conference over to Scott Ulm, Chief Executive Officer. Please go ahead.

Scott Ulm
CEO and Vice Chairman

Thank you, and good morning, and welcome to ARMOUR Residential REIT's First Quarter 2026 Conference Call. This morning, I'm joined by our Chief Financial Officer, Gordon Harper; as well as our Co-Chief Investment Officers, Sergey Losyev and Desmond Macauley.

I'll now turn the call over to Gordon to run through the financial results.

Gordon Harper
CFO & Secretary

By now, everyone has access to ARMOUR's earnings release, which can be found on ARMOUR's website, www.armourreit.com. This conference call includes forward-looking statements, which are intended to be subject to the safe harbo protection provided by the Private Securities Litigation Reform Act of 1995. The Risk Factors section of ARMOUR's periodic reports filed with the Securities and Exchange Commission describe certain factors beyond ARMOUR's control that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements. Those periodic filings can be found on the SEC's website at www.sec.gov.

All of today's forward-looking statements are subject to change without notice. We disclaim any obligation to