Lument Finance Trust, Inc.

Good morning, and thank you for joining the Lumen Finance Trust second quarter 2025 earnings call. Today's call has been recorded and will be made available via webcast on the company's website. I would now like to turn the call over to Andrew Tsang with Investor Relations at Lumen Investment Management. Please go ahead.

Good morning, everyone. Thank you for joining our call to discuss Lumen Finance Trust second quarter 2025 financial results. With me on the call today are Jim Flynn, our CEO, Jim Briggs, our CFO, Greg Talbert, our President, and Zach Halpern, our Managing Director of Portfolio Management. On Friday, August the 8th, we filed our 10-Q 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 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 that differ materially from those contained in the forward-looking statement. These risks and uncertainties are discussed in the company's reports filed with the SEC, in particular the risk factor 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 measures will be discussed on this conference call. Presentation of this information is not intended to be considered in isolation or 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 2025, we reported GAAP net income of $0.05 per share and distributable earnings of $0.05 per share of common stock. In June, we also declared a quarterly dividend of $0.06 per common share with respect to the second quarter.

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