ADDED
The aggregate market value of the registrant s common stock, $0.01 par value per share, at June 30, 2025, held by those persons deemed by the registrant to be non-affiliates (based upon the closing sale price of the common stock on the New York Stock Exchange on June 30, 2025) was approximately $ 97.4 million.
On March 5, 2026, the registrant had a total of 36,739,538 shares of common stock, $0.01 par value, outstanding.
RMBS means an Agency residential MBS or a non-Agency residential MBS.
Future litigation, regulatory proceedings and governmental investigations could adversely affect the Company s business, results of operations and financial condition.
We attempt to attain this objective by selectively constructing and actively managing a portfolio of Servicing Related Assets and residential mortgage-backed securities ( RMBS ).
Our senior management team, comprised of Jeffrey Lown II, our President and Chief Executive Officer, Julian Evans, our Chief Investment Officer, Apeksha Patel, our Chief Financial Officer and Treasurer, and our MSR portfolio manager, makes the determinations as to the percentage of assets that are invested in each of our targeted asset classes.
We have entered into repurchase agreements with multiple counterparties as of December 31, 2025.
The hedging instruments that we currently use include interest rate swaps, TBAs, Eris SOFR swap futures, swaptions and U.S.
Human Capital Resources Our primary goal in human capital management is to attract, develop and retain talent by providing competitive wages and benefits and investing in professional development and well-being.
Since the Internalization, we have focused our efforts on ensuring that our policies and plans align with our goals.
REMOVED
The aggregate market value of the registrant s common stock, $0.01 par value per share, at June 28, 2024, held by those persons deemed by the registrant to be non-affiliates (based upon the closing sale price of the common stock on the New York Stock Exchange on June 28, 2024) was approximately $ 108.4 million.
On March 6, 2025, the registrant had a total of 31,625,073 shares of common stock, $0.01 par value, outstanding.
The Company is exposed to the following risks relating to termination of the management agreement with CHMM: The Company may not be able to fully realize the expected benefits of its transition to a self-managed company or the ability to realize such benefits may take longer than anticipated.
Legal matters related to the termination of the management agreement with CHMM, if commenced by CHMM or the Company, could adversely affect the Company s business, results of operations and financial condition.
We attempt to attain this objective by selectively constructing and actively managing a portfolio of Servicing Related Assets and RMBS.
Our Financing Strategies and Use of Leverage We finance our RMBS with what we believe to be a prudent amount of leverage, which will vary from time to time based upon the particular characteristics of our portfolio, availability of financing and market conditions.
We have entered into repurchase agreements with 35 counterparties as of December 31, 2024.
The hedging instruments that we currently use include interest rate swaps, TBAs, swaptions and U.S.
Human Capital Resources On November 14, 2024, we completed the Internalization and we began operating as a fully integrated, internally managed company.
Prior to November 14, 2024, we were externally managed by CHMM, and, with the exception of Aurora, our licensed mortgage servicing subsidiary, which had three leased employees, we had no employees.