ARMOUR Residential REIT, Inc. (NYSE:ARR) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET

Company Participants

Jim Mountain – Chief Financial Officer

Scott Ulm – Co-Chief Executive Officer

Jeff Zimmer – Co-Chief Executive Officer

Mark Gruber – Chief Investment Officer

Conference Call Participants

Doug Harter – Credit Suisse

Trevor Cranston – JMP Securities

Christopher Nolan – Ladenburg Thalmann

Matthew Howlett – Nomura

Operator

Good morning, and welcome to the ARMOUR Residential REIT’s First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Jim Mountain, Chief Financial Officer. Please go ahead.

Jim Mountain

Thank you, Andrew. And thank you all for joining our call today to discuss ARMOUR’s first quarter 2022 results. This morning, as usual, I’m joined by ARMOUR’s Co-CEOs, Scott Ulm and Jeff Zimmer and Mark Gruber, our Chief Investment Officer. By now, everyone has access to ARMOUR's earnings release, which can be found on the ARMOUR website, www.armourreit.com.

This conference call may contain statements that are not recitations of historical fact and therefore, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are intended to be subject to the safe harbor protections provided by the Reform Act.

Actual outcomes and results could differ materially from the outcomes and results expressed or implied by the forward-looking statements due to the impact of many factors beyond the control of ARMOUR. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the Risk Factors section of ARMOUR's periodic reports, which have been filed with the Securities and Exchange Commission.

Copies are available on the SEC's website at www.sec.gov. All forward-looking statements included in this conference call are made only as of today's date. They are subject to change without notice. We disclaim any obligation to update our forward-looking statements unless we're required to do so by law. Also, our discussion today may include references to certain non-GAAP measures.

A reconciliation of these measures to most comparable GAAP measures is included in our earnings release, which can be found on ARMOUR's website. An online replay of this conference call will be available on the website shortly and will continue for one year.