Good morning, and welcome to Ellington Financial Inc.'s 2026 Annual Meeting of Stockholders. At this time, I would like to turn the conference over to Ronald Simon, Chairman of the Board of Directors at Ellington Financial. Please go ahead. Thank you. Good morning, everyone. On behalf of the entire Board, I would like to thank you for virtually attending our Annual Meeting of Stockholders. By hosting the meeting virtually, all of our stockholders, including those that reside outside of the local area and those unable to attend for health and safety reasons, are able to attend and vote with the same ease as listening to a quarterly earnings call rather than incurring costs to travel to an in-person meeting. At today's meeting, following the introduction of the members of our Board of Directors, we will conduct the formal portion of our Annual Meeting. Our President and Chief Executive Officer, Laurence Penn, will make a few remarks. I would now like to introduce the other members of our Board of Directors who are virtually attending today's meeting. In addition to myself, our directors attending today are Laurence Penn, Lisa Mumford, Edward Resendez, Stephen J. Dannhauser. In addition, Rachel Klein from PricewaterhouseCoopers LLP, our registered independent public accounting firm, is on the line today. Ms. Klein will be available to answer any appropriate questions you may have after the formal meeting. With that, I will now call our 2026 Annual Meeting of Stockholders to order. We will now conduct the formal business as set forth in the notice of meeting and proxy statement, which was mailed to all stockholders of record as of March 31, 2026, and the agenda shown on the website. EFC stockholders, as of their record date, were sent notice of the annual meeting on or about April 9, 2026, along with a definitive proxy statement and request for a proxy by the board of directors. The notice of annual meeting also stated the date, time, and meeting purpose, along with the web address for participating in today's virtual meeting. I am pleased to announce that there are present by proxy a sufficient number of the voting shares of the company to constitute a quorum. Accordingly, this meeting is duly called to order. A copy of the notice, proxy statement, and the form of proxies, as well as an affidavit of distribution of Broadridge Financial Solutions, shall be made a part of the record of this meeting. At this time, any stockholders that are logged in and who have not already submitted a proxy and wish to vote their shares may do so now by clicking on the Vote Here button on your screen. While we allow time for stockholders who haven't already done so to complete their voting, I'd like to remind you that some of the statements made at this meeting may be considered forward-looking. The company cautions investors that results of future operations may differ from those anticipated. We urge you to review the cautionary statements and other information contained in the company's filings with the SEC, including our annual report on Form 10-K for fiscal 2025, which identifies certain factors that could cause actual results to differ materially from those projected in any forward-looking statements made during this meeting. Copies of the 10-K and other filings are available through the company or online. At this point, the polls are closed, and I will now report the preliminary results of the voting. There are four proposals to be considered during this meeting, all of which were described in detail in the proxy statement furnished to shareholders. The company has not received notice from any of its stockholders of any other matters to be considered at today's meeting. Proposal one, election of directors. The first item of business is the election of directors. The board has selected myself, Ronald Simon, Laurence Penn, Lisa Mumford, Edward Resendez, and Steve Dannhauser as its nominees for election as directors. I am pleased to report that each of the directors standing for election at today's annual meeting have received the affirmative vote of a plurality of the votes cast and are hereby elected. Proposal two, non-binding advisory vote on executive compensation. The second item of business relates to the non-binding advisory vote on the company's executive compensation program. A majority of the shares present or represented by proxy at this meeting have voted in favor of this proposal. Consequently, the proposal has received the advisory approval of stockholders. Proposal 3, ratification of appointment of PwC. The third proposal relates to the ratification of the appointment of PricewaterhouseCoopers to serve as the company's independent registered public accounting firm for the company's 2026 fiscal year. A majority of the shares present or represented by proxy at this meeting have voted in favor of this proposal. Consequently, the proposal has been approved. Proposal 4, approval of the company's 2026 Equity Incentive Plan. The fourth and final proposal relates to the approval of the company's 2026 Equity Incentive Plan. A majority of the shares present or represented by proxy at this meeting have voted in favor of this proposal. Consequently, the proposal has been approved. The final tabulation of these votes will appear in our required Form 8-K to be filed with the Securities and Exchange Commission. This concludes the formal portion of our 2026 Annual Meeting of Stockholders. At this time, Laurence Penn, President and Chief Executive Officer of the company, will make a few remarks. Thank you, Ronald. On behalf of the entire management team at Ellington Financial and Ellington Management Group, I offer my sincere thanks to the independent members of the board of directors with whom I proudly serve. Ronald Simon, Edward Resendez, Lisa Mumford, and Stephen J. Dannhauser, thank you for your invaluable and considerable time, effort, and wisdom that you provide the company. I have seen firsthand how the demands on the board have grown so much over the past almost 19 years. Our platform has grown in diversity, in complexity, including the build-out of Longbridge Financial into a truly exceptional reverse mortgage franchise. Through everything we've accomplished together, including in 2025. Our shareholders are very fortunate to have all of you as directors. Of course, to our shareholders, thank you. 2025 was a year of consistently strong performance, portfolio growth, and meaningful balance sheet evolution, and we appreciate your continued confidence and support. We don't take that lightly. Ron, you may make your closing remarks now. I would like to thank all of you for attending this annual meeting virtually. The directors and officers of Ellington Financial appreciate the loyalty and confidence of all our stockholders. Operator, please end this meeting. This concludes today's meeting. You may now disconnect.