Lument Finance Trust, Inc.

Good afternoon and thank you for joining the Lumen Finance Trust second quarter 2024 earnings call. Today is being recorded and will be made available via webcast on the company's website. I would now like to turn the call over to Andrew Chang at Lumen Investment Management. Please go ahead.

Good afternoon, everyone. Thank you for joining our call to discuss Lumen Finance Trust second quarter 2024 financial results. With me on the call today are Jim Flynn, our CEO, Jim Briggs, our CFO, Jim Henson, our President, and Zachary Halpern, our Managing Director of Portfolio Management. On Monday, August the 12th, we filed our 10-Q with the SEC and issued a press release to provide details on our second quarter results. We also provided a supplemental earnings presentation, which can be found on our website. Before handing the call over to Jim Flynn, I'd like to remind everyone that certain statements made during the course of this call are not based on historical information. They constitute forward-looking statements in the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, in particular, the risk factor section of Reform 10-K. It is not possible to predict or identify all such risks, and listeners are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update any of these forward-looking statements. Further, certain non-GAAP financial measures that we discussed on this conference call. A presentation of this information is not intended to be considered in isolation nor as a substitute for the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be accessed through our filings with the SEC. For the second quarter of 2024, we reported GAAP net income of $0.07 and distributable earnings of 9 cents per share of common stock, respectively. In June, we also declared a dividend of 8 cents per share with respect to the second quarter, which represented a 14% increase over the first quarter dividend of 7 cents per share of common stock.

I will now turn the call over to Jim Flint. Please go ahead. Thank you, Andrew. And good day, everyone.