ACRES Commercial Realty Corp.

Ladies and gentlemen, and welcome to the Q2 2019 Exantus Capital Corp Earnings Conference call. At this time, all participants are on a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. If anyone should require assistance during the conference, please press star then zero on your touch-tone telephone. As a reminder, this conference is being recorded. I will now introduce your host for today's conference, Steve Weingraber, Senior Vice President for Corporate Finance. Sir, you may begin.

Good morning, and thank you for joining the call. Before we begin, I would like to remind everyone that certain statements made in the course of this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the words believes, anticipates, expects, and similar expressions are intended to identify forward-looking statements. While the company believes these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to a number of trends, risks, and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Forms 8K, 10Q, and 10-K, and in particular, the risk factor section of our form 10-K. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements. Furthermore, certain non-GAAP financial measures will be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with generally accepted accounting principles are contained in our earnings release for the past quarter. I will now turn it over to Chairman of Exantus Capital Corp., Andrew Farkas, for opening remarks.

Good morning, all. Thanks for joining the call. With me today are Bob Lieber, our CEO, Matt Stern, our President, Dave Bryant, our CFO, Paul Hewson, Head of Commercial Real Estate Lending, and from whom you just heard, Steve Landgraber, Senior Vice President of Corporate Finance. So this was one of our most productive quarters with growing deployment numbers, the completion of a portfolio acquisition, and the closing of the most recent CLO. These achievements demonstrate our commitment to our business plan and inform all of our expectations of an increase in our quarterly dividends for the third quarter of 2019 to 25 cents. for an 11% increase over the second quarter of 2019. This allows us to continue to march forward consistent with the plans we've articulated over the course of the last year or so. With that, I'll turn it over to Bob. Bob Lieber, our CEO. Bob.