Mark Herndon
Chief Financial Officer

Good afternoon, everyone. Apologies for the delay on starting. Thank you for joining us today. My name is Mark Herndon, Chief Financial Officer of Horizon Kinetics. We're pleased to have you joining us today for a call that will cover the results of our first quarter of 2026. Today's discussion of our first quarter will include comments from Steven Bregman and Peter Doyle, Horizon Kinetics' Co-Chief Executive Officers.

I will also be available to answer applicable questions and will moderate the questions. But first, a reminder that today's presentation may include forward-looking statements. Reliance on forward-looking statements involve certain risks and uncertainties, including, but not limited to, uncertainty about the future security valuations or our performance. During the course of today's call, words such as expect, anticipate, believe and intend may be used in our discussion of our goals or events in the future.

Management cannot provide any assurance that future results will be described -- will be as described in our forward-looking statements. Furthermore, the statements made on this call apply only as of today. The information on this call should not be construed to be a recommendation to purchase or sell any particular security or investment fund.

The opinions referenced on this call today are not intended to be a forecast of future events or a guarantee of future results. It should not be assumed that any of the security transactions referenced today have been or will prove to be profitable or that future investment decisions will be profitable or will equal or exceed the