Rory Rumore | Investor Relations, Vice President at ICR |
Jay Lown | President, Chief Executive Officer |
Julian Evans | Chief Investment Officer |
Michael Hutchby | Chief Financial Officer |
Ray Slater | MSR Portfolio Manager |
Mike Smyth | B. Riley |
Trevor Cranston | JMP |
Henry Coffey | Wedbush |
Pierce Dever | Piper Sandler |
Greeting. Welcome to the Cherry Hill Mortgage Investment Corporation's fourth quarter and full year 2019 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions].