Jason Frank | Associate General Counsel & Secretary |
Laurence Penn | CEO |
JR Herlihy | CFO |
Mark Tecotzky | Co-Chief Investment Officer |
Doug Harter | Credit Suisse |
Steve Delaney | JMP Securities |
Crispin Love | Sandler O'Neill |
Eric Hagen | KBW |
Timothy Hayes | B. Riley FBR |
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Ellington Financial Second Quarter 2018 Financial Results Conference Call. Today's call is being recorded. [Operator Instructions] It is now my pleasure to turn the floor over to Jason Frank, Associate General Counsel of Ellington and Secretary.