Operator

Hello, and welcome to the Arbor Realty Trust Annual Meeting of Stockholders. Please note that this meeting is being recorded. [Operator Instructions] The meeting is about to begin.

Paul Elenio
Executive VP & CFO

Okay. Thank you, Victor. This meeting will come to order. Good morning, ladies and gentlemen. I'm Paul Elenio, Chief Financial Officer of Arbor Realty Trust. As we have in each of the past several years, this meeting is being conducted virtually. Unfortunately, our Chairman and Chief Executive Officer, Mr. Ivan Kaufman is unable to be with us today, so I will be chairing the meeting. Mr. John Bishar, the Corporate Secretary of Arbor Realty Trust, Inc. will serve as Secretary of the meeting.

Let me welcome all of you to the 2026 Annual Meeting of Stockholders. As we begin, I'd like to introduce the following directors who are able to join us today, Mr. Edward Farrell, Chair of our Audit Committee; Mr. Elliot Schwartz, Chair of our Corporate Governance Committee; Mr. Melvin Lazar; Ms. Caryn Effron; Ms. Carrie Wilkens.

Written notice of this meeting was mailed on or about April 16, 2026, to all holders of record of our common stock and our special voting preferred stock and the Secretary has presented affidavits certifying to the mailing of such notice. April 2, 2026 is the record date for the voting of shares at this meeting. The Secretary will file such notices and certificates with the minutes of this meeting.

Equiniti Trust Company, LLC, represented by Ms. Christine Pino, has been designated the Inspector of Elections and is participating today. The Inspector has taken the oath of office, which