Alison Griffin | Vice President, Investor Relations |
Byron Boston | President, Chief Executive Officer and Co-Chief Investment Officer |
Smriti Popenoe | Executive Vice President and Co-Chief Investment Officer |
Stephen Benedetti | Executive Vice President, Chief Financial Officer and Chief Operating Officer |
Eric Hagen | Keefe, Bruyette & Woods, Inc. |
Douglas Harter | Credit Suisse |
Christopher Nolan | Ladenburg Thalmann & Co. |
David Walrod | JonesTrading Institutional Services, LLC. |
Trevor Cranston | JMP Securities |
Good morning. My name is Lisa, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Dynex Capital, Inc., Third Quarter 2018 Earnings Results and Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session.