Reported a net loss of $20.0 million, or $0.11 per common share, for the first quarter of 2026. Net interest income reached $57.1 million, or $0.30 per common share. Realized and unrealized losses on RMBS and derivative instruments totaled $69.6 million. Book value per common share declined to $7.08 as of March 31, 2026. Total return for the quarter was (1.33)%. Maintained a liquidity position of $759.0 million in cash and unpledged securities.