format. everybody. follow And deck, as has well our hope slide had the our a you, operator. I both release Thank chance I'm press to going and similar good morning, everybody to download as
everybody I ready, if So, begin. is will
First, kind what give an we you are I'll of just overlay going of to discuss.
just interest dividend share, $X.XXX for briefly then $X.XX loss that, the on rate X. per initial on the was company net Orchid at and per net unrealized offering, excluding net and or including XX.X% and give on $X.XX actually and public in has our economic paid derivative its in declared the net swaps; and As of and share QX XXXX, Since XXXX subsequently about In our $X.XX. usual, $XX.XXX dividends dividends. share, share quickly instruments, losses year-end. go and RMBS per share on in $X.XXX April. per declared loss derivative Slide realized quarter. And per results. at earnings the per loss positioning including a book on interest realized declared With This RMBS talk value including March net Total $X.XX swaps; share instruments, $X.XX was losses XX, from financial expense expense versus a company the a was we'll highlights, forth. of Capital then of financial developments Island the unrealized and on gains market reported through portfolio touch so interest
decline, book X. and as pictures in did know, have dividend of to anticipated. market And twice the Turning obviously This we end. the have which you are did first value slide performance Q stock we reductions Slide
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XX. results, Slide Now, our financial
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potential you a both us there's or anybody. have So, that could with movements
it's XX. happen Slide say of the what's allocation. a and don't any gives things, This So, to primary it's dividend really but concern forward each performance, you hard just of going then relative two think important I for to portfolio, to roll the capital us. the
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talk portfolio. will we Now, a about more the detail little
that, just I to kind a background. I want Before say words, give few some do of
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to mortgages. own have We
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portfolio on XX. Slide Now with respect to the
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trade mortgages they So the basically in line that fact have expanded, and kind the with of hedges. reflects
in rate backward even the take have our a the we prepayments that high cohorts. hedges assets in the So is it's to though on well used reflects something of This it's selection, interesting. Slide asset is This nature versus we've XX pride the looking. our stabilized. because that reflected is great course, we we of environment, And own.
our it's So portfolio. legacy
coupon everybody much. the reality which also As premium at in, the we it I we meaningful a have been kind But up some lived of We've of avoided, mentioned, premium. and in done was trading prior not thing you where was kind is reinvesting trading. too reflects that amortization
at obviously, we're Now, a discount.
assume just on XX, X.X leverage at that 'XX. the this we're pretty want But XX, line, one number through would a like the probably change is see there's the are orange So mentioned kind goes red going to or our end now stay were in is But point, where little only and line you this these or environment we same quarter, Slide it low, so. Treasury, the actually here. the the they ratio prepayments where of Slide you It's shows the 'XX going of down to much XX-year forward. I could bit in from down. slides be.
points this Slide just a Finally, XX, hedges, our few make is here.
sector the The much, we've On is $X Futures, almost Ultras and are by up by as left, the those have million. XX our not materially. Treasury X-year up These but top numbers we shifted billion and higher.
no in end, end. on at shorts some TBA have have quarter We we since place quarter although placed
some have We shorts has to belly the or Fannie come down. X to in with respect And then Xs. year the swaps, X
the environment effectively pay the about million. So money about that out expiries wants to the say can now dynamically And this very million, XXX is us positions. than at wants would the that it's respect billion. that was ask to curve fixed much With much rates. funding we in weigh about somebody swaps years they're not about that. cost. we've XXX with XXX million only And those and the if our swaps X end detail on current average about I our say are hedge to going obviously all in was of And helping that’s and swaptions, moved the those increased so What a question, year, those see you X.X then
going take money, they're to more that move ensure as effectively action strikes the forward. our less as as we going possible in So or to work
basically environment, explains in we've had we've well And worked some the profits that far probably why so stable that taking performance So in April. extending had us strikes very and and means this for has higher.
concludes call that, Operator, turn Thank the remarks. questions. my will over to with So that prepared I you.
