Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET

Company Participants

Serena Wolfe - CFO

David Finkelstein - President, CEO & Director

Ilker Ertas - CIO

Michael Fania - Head, Residential Credit

Sean Kensil - VP, Annaly Capital Management

Conference Call Participants

Richard Shane - JPMorgan Chase & Co.

Bose George - KBW

Eric Hagen - BTIG

Kenneth Lee - RBC Capital Markets

Douglas Harter - Crédit Suisse

Kevin Barker - Piper Sandler & Co.

Mark DeVries - Barclays Bank

Operator

Good morning, and welcome to the First Quarter 2022 Annaly Capital Management Earnings Conference Call. [Operator Instructions]. Please note that today's event is being recorded.

Now I would like to turn the conference over to Sean Kensil, Director Investor Relations. Please go ahead, sir.

Sean Kensil

Good morning, and welcome to the first quarter 2022 earnings call Early Capital Management. Any forward-looking statements made during today's call are subject to certain risks and uncertainties, including with respect to COVID-19 impacts, which are outlined in the Risk Factors section in our most recent annual and quarterly SEC filings. Actual events and results may differ materially from these forward-looking statements. We encourage you to read the disclaimer in our earnings release, in addition to our quarterly and annual filings. Additionally, the content of this conference call may contain time-sensitive information that is accurate only as of the date hereof. We do not undertake and specifically disclaim any obligation to update or revise this information.

During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. As a reminder, Annaly routinely posts important information for investors on the company's website, www.annaly.com. Content referenced in today's call can be found in our first quarter 2022 investor presentation and first quarter 2022 financial supplement, both found under the Presentations section of our website. Annaly intends to use our webpage as a means of disclosing material nonpublic information, for complying with the company's disclosure obligations under Regulation FD, and to post an update in presentations and similar materials on a regular basis.

Please also note this event is being recorded. Participants on this morning's call include David Finkelstein, President and Chief Executive Officer; Serena Wolfe, Financial Officer; Ilker Ertas, Chief Investment Officer; and Mike Fania, Head of Residential Credit.

And with that, I'll turn the call over to David.