Lument Finance Trust, Inc.

Good morning. Thank you for joining the Lument Finance Trust fourth quarter 2024 earnings call. Today's call is being recorded and will be made available by a webcast on the company's website. I would now like to turn the conference over to Andrew Zhang with investor relations at Lument Investment Management. Please go ahead.

Thank you. Good morning, everyone. Thank you for joining our call to discuss Lument Finance Trust fourth quarter 2024 financial results. With me on the call today are Jim Flann, our CEO, Jim Briggs, our CFO, Jim Henson, our President, and Zach Halpern, our Managing Director of Portfolio Management. On Wednesday, March 19th, we filed our 10-K with the SEC and issued a press release to provide details on our recent financial 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 and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 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 those contained in the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, in particular the risk factors section of our form 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 matters will be discussed on this conference call. Presentation of this information is not intended to be considered in isolation nor is it substituted 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 FCC. For the fourth quarter and fiscal year 2024, we report GAAP net income of 7 cents per share and 34 cents per share of common stock, respectively. For the fourth quarter of fiscal year 2024, we reported distributable earnings of $0.10 and $0.44 per share of common stock, respectively. This past December, we declared a quarterly dividend of $0.08 per share with respect to the fourth quarter and an additional one-time special dividend of $0.09 per share, bringing our cumulative dividends declared for 2004 to $0.40 per common share.

I will now turn the call over to Jim Flynn. Please go ahead.