ARMOUR Residential REIT, Inc. (NYSE:ARR) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET

Company Participants

Scott Ulm – Chief Executive Officer
Gordon Harper – Chief Financial Officer
Sergey Losyev – Co-Chief Investment Officer
Desmond Macauley – Co-Chief Investment Officer and Head-Risk Management

Conference Call Participants

Jason Weaver – Janney Montgomery Scott
Doug Harter – UBS
Trevor Cranston – JMP Securities
Christopher Nolan – Ladenburg Thalmann

Operator

Good day, and welcome to the ARMOUR Residential REIT’s First Quarter 2024 Earnings Conference Call. Today all participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that today’s event is being recorded.

I would now like to turn the conference over to Mr. Scott Ulm, CEO, ARMOUR Residential REIT. Please go ahead, sir.

Scott Ulm

Good morning. I’d like to welcome you to the ARMOUR Residential REIT first quarter 2024 conference call. This morning I’m pleased to welcome our new CFO, Gordon Harper; as well as our new Co-CIOs, Sergey Losyev and Desmond Macauley, to the call. All are experienced members of the ARMOUR team whom we promoted to their new roles in March, and I have tremendous confidence in them all. Gordon has been with us since 2015, and Sergey and Desmond have been on our portfolio management team since 2016 and 2013 respectively. We’re all excited to lead the business into this next chapter. Our priorities are unchanged and we are all united on our focus on delivering value to shareholders.

I’ll now turn the call over to Gordon to run through the financial results. Gordon?

Gordon Harper

Thank you, Scott. By now, everyone has access to ARMOUR’s earnings release, which can be found on ARMOUR’s website, www.armourreit.com. This conference call includes forward-looking statements, which are intended to be subject to the safe harbor protection provided by the Private Securities Litigation Reform Act of 1995. The Risk Factors section of ARMOUR’s periodic reports filed with the Securities and Exchange Commission, describes certain factors beyond ARMOUR’s control that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements. Those periodic filings can be found on the SEC’s website at www.sec.gov. All of today’s forward-looking statements are subject to change without notice. We disclaim any obligation to update them unless required by law. Also, today’s discussion refers to certain non-GAAP measures. These measures are reconciled with comparable GAAP measures in our earnings release. An online replay of this conference call will be available on ARMOUR’s website shortly and will continue for one year.