Two Harbors Investment Corp. (NYSE:TWO) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET

Company Participants

Paulina Sims – Senior Director, Investor Relations

Bill Greenberg – President and Chief Executive Officer

Nick Letica – Chief Investment Officer

Mary Riskey – Chief Financial Officer

Conference Call Participants

Kenneth Lee – RBC Capital Markets

Trevor Cranston – JMP Securities

Bose George – KBW

Doug Harter – Credit Suisse

Rick Shane – J.P. Morgan

Arren Cyganovich – Citi

Eric Hagen – BTIG

Operator

Good morning. My name is Latonya and I will be your conference facilitator. At this time, I would like to welcome everyone to Two Harbors' Third Quarter 2022 Financial Results Conference Call. All participants will be in a listen-only mode. After the speaker's remarks, there will be a question-and-answer period.

I would now like to turn the conference over to Paulina Sims. Please go ahead

Paulina Sims

Good morning, everyone, and welcome to our call to discuss Two Harbors third quarter 2022 financial results. With me on the call this morning are Bill Greenberg, our President and Chief Executive Officer; Nick Letica, our Chief Investment Officer; and Mary Riskey, our Chief Financial Officer. The earnings press release and presentation associated with today's call have been filed with the SEC and are available on the SEC's website, as well as the Investor Relations page of our website at twoharborsinvestment.com. In our earnings release and presentation, we have provided a reconciliation of GAAP to non-GAAP financial measures, and we urge you to review this information in conjunction with today's call.

As a reminder, our comments today will include forward-looking statements, which are subject to risks and uncertainties that may cause our results to differ materially from expectations. These are described on Page 2 of the presentation and in our Form 10-K and subsequent reports filed with the SEC. Except as may be required by law, Two Harbors does not update forward-looking statements and disclaims any obligation to do so.

I will now turn the call over to Bill.

Bill Greenberg

Thank you, Paulina. Good morning everyone and welcome to our third quarter earnings call. I'd like to begin by extending a very warm welcome to Nick Letica, our new Chief Investment Officer. Nick brings more than three decades of experience in the fixed income and mortgage-backed securities markets and we are very excited and fortunate to have him on our team. This morning I will provide some color on the market environments and our performance. Mary will give more detail on our financial results and Nick will discuss our portfolio activity, risk profile and outlook.