Bimini Capital Management, Inc. (BMNM) Q2 2026 Press Conference Call Transcript

Good morning, and welcome to the Second Quarter 2026 Earnings Conference Call for Bimini Capital Management. This call is being recorded today, August 7, 2026. At this time, the company would like to remind the listeners that statements made during today's conference call relating to matters that are not historical facts are forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Listeners are cautioned that such forward-looking statements are based on information currently available on the management's good-faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in the company's filings with the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K. The company assumes no obligation to update such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking statements. Now I'd like to turn the conference over to the company's Chairman and Chief Executive Officer, Mr. Robert Cauley. Please go ahead, sir. Robert Cauley Chairman, CEO & Secretary Thanks, Melissa, and good morning. Regarding our results for the second quarter of 2026, market conditions for the Agency RMBS market and risk assets