New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET

Company Participants

Jason Serrano – Chief Executive Officer

Kristine Nario – Chief Financial Officer

Nick Mah – President

Conference Call Participants

Stephen Laws – Raymond James

Doug Harter – Credit Suisse

Mike Smith – KBW

Christopher Nolan – Ladenburg

Eric Hagen – BTIG

Wes Martens – JLS

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the New York Mortgage Trust Fourth Quarter and Full Year 2022 Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. [Operator Instructions] This conference is being recorded on Thursday, February 23, 2022. A press release and supplemental financial presentation with New York Mortgage Trust's fourth quarter and full year 2022 results was released yesterday. Both the press release and supplemental financial presentation are available on the company's website at www.nymtrust.com. Additionally, we are hosting a live webcast of today's call, which you can access in the Events & Presentations section of the company's website.

At this time, management would like me to inform you that certain statements made during the conference call, which are not historical, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although New York Mortgage Trust believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and from time to time in the company's filings with the Securities and Exchange Commission.

Now at this time, I would like to introduce Jason Serrano, Chief Executive Officer. Jason, please go ahead.

Jason Serrano

Thank you and thanks everybody for joining the fourth quarter earnings call. I'm joined today by our CFO, Kristine Nario; and President, Nick Mah. Nick work alongside of me since 2004 at Fortress, then at Blackstone, and more recently at Oak Hill. He joined New York Mortgage Trust in 2018. And after four years in the Managing Director role, I'm excited to have Nick join the senior manager ranks as President at the end of this year – end of 2022, sorry, and be available to you today and our future calls. I'm eager to speak to you today about our fourth quarter results, along with a brief first quarter update. I will also discuss how we align the company with mark – with the market and why we feel primed for growth in a high return distressed environment. I'll initially provide commentary around these points and handover to Kristine and Nick to provide greater detail around our financials and portfolio management.