Good morning. My name is David Spector, and I am the Chairman and Chief Executive Officer of PennyMac Mortgage Investment Trust. At this time, I would like to call the meeting to order. I will chair today's annual meeting of shareholders for PennyMac Mortgage Investment Trust, and Derek Stark, our Chief Legal Officer, will act as secretary. I would now like to turn the meeting over to Mr. Stark. Thank you, David. Our transfer agent has provided an affidavit confirming that the notice of this meeting, proxy statement, proxy card, return envelope, and annual report were mailed on April 21, 2026 to all shareholders of record as of the close of business on April 20, 2026. A copy of this affidavit and copies of the material mail will be placed with the records of this meeting. Isaac Garden, our Executive Vice President of Investor Relations, has been appointed to serve as the Inspector of Elections for the meeting and has previously taken his oath as Inspector of Elections. A list of the company's shareholders of record on April 20, 2026 is available for inspection by any shareholder during the annual meeting. In addition, Mr. Garden has informed me that at least a majority of the company's issued and outstanding shares entitled to vote is represented in person, virtually, or by proxy at today's meeting. Since the majority of the company's shares is represented here today, a quorum is present. The three items for consideration today are, one, the election of three Class 2 trustees, Preston DuFauchard, Nancy McAllister, and Stacy D. Stewart, each for a term expiring at the 2029 Annual Meeting of Shareholders. Two, the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. Three, the approval by non-binding vote of our executive compensation. The board recommends that you vote for the election of the three aforementioned Class 2 trustees, for the ratification of Deloitte & Touche LLP as our independent registered public accounting firm, and for the compensation of our named executive officers. Any shareholder participating online may vote their shares during the annual meeting up until the closing of the polls on our virtual meeting website. The voting polls for all items of business to be conducted at this meeting are now closed. The votes will now be tabulated. As it pertains to the results, the preliminary report indicates that, one, the election of the three Class 2 trustees is approved. Two, the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 is approved. Three, the compensation for our named executive officers by non-binding vote is approved. A written report of the final vote count will be included in the minutes. We have not received any questions related to the items of business set forth on the agenda per our proxy and meeting guidelines. That concludes our 2026 Annual Meeting of Shareholders. I hereby declare this meeting adjourned. Thank you. This concludes today's meeting. You may now disconnect.