Blackstone Inc.

Good day, everyone, and welcome to the Blackstone Second Quarter 2022 Investor Call, hosted by Bestin Tucker, Head of Shareholder Relations. My name is Ben, and I'm your event manager. During the presentation, your lives remain unlisted. If you require assistance at any time, please press star zero on your device and the coordinator will be happy to assist you. If you wish to ask a question throughout the conference, please press star one on your device Please only present one question at a time and then press star one again for any follow-ups so everyone can get an opportunity to participate. Thank you. I'd like to advise all parties that this conference is being recorded. And now, I would like to hand it over to your host. Weston, the word is yours.

Perfect. Thanks, Ben. And good morning and welcome to Blackstone's second quarter conference call. Joining today are Steve Schwarzman, Chairman and CEO of John Gray, President and Chief Operating Officer, and Michael Che, Chief Financial Officer. Earlier this morning, we issued a press release and slide presentation, which are available on our website. We expect to file our 10-Q report in a few weeks. I'd like to remind you that today's call may include forward-looking statements, which are uncertain and outside of the firm's control and may differ from actual results materially. We do not undertake any duty to update these statements, and for a discussion of some of the risks that could affect results, please see the risk factors section of our 10-K. We'll also refer to non-GAAP measures and you'll find reconciliations in the press release on the shareholders page of our website. Also note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. This audio cast is copyrighted material of Blackstone and may not be duplicated without consent. On results, we reported a GAAP net loss for the quarter of $256 million. Distributable earnings were $2 billion or $1.49 per common share. and we declared a dividend of $1.27 per share paid to holders of record as of August 1st. With that, I'll turn the call over to Steve.

Thanks a lot, Weston.