ADDED
false --12-31 FY 2025 true true true false The Company believes oversight of cybersecurity risk is the responsibility of the Audit Committee and the full Board.
Accordingly, the Audit Committee and the Board oversee the Company s cybersecurity risk management process.
The Board considers the Company s cybersecurity posture and risk exposure with management taking into consideration the Company s operations and the types of data retained on its systems as part of its and the Audit Committee s periodic review of the Company s risk management.
The Company s primary business involves investments in Agency RMBS, which are securities backed primarily by single-family residential mortgage loans.
The Company does not receive personal information on individual mortgage borrowers.
The Board reviews the Company s cybersecurity program and risk exposure with management on at least an annual basis and receives reports from management, the Manager s information technology team, and the Company s third-party security firm on these matters from time to time.
The Company believes oversight of cybersecurity risk is the responsibility of the Audit Committee and the full Board.
Accordingly, the Audit Committee and the Board oversee the Company s cybersecurity risk management process.
The Board considers the Company s cybersecurity posture and risk exposure with management taking into consideration the Company s operations and the types of data retained on its systems as part of its and the Audit Committee s periodic review of the Company s risk management.
The Company s primary business involves investments in Agency RMBS, which are securities backed primarily by single-family residential mortgage loans.
REMOVED
false --12-31 FY 2024 5,209,068 3,885,554 100,412 148,803 100,551 79,680 0.01 0.01 20,000,000 20,000,000 0 0 0 0 0.01 0.01 100,000,000 100,000,000 82,622,464 82,622,464 51,636,074 51,636,074 0.6 0 0 1 1 false false false false 10-Year T-Note futures contracts were valued at a price of $114.28 at September 30, 2024 and $112.89 at December 31, 2023.
The contract values of the short positions were $14.3 million and $361.2 million at September 30, 2024 and December 31, 2023, respectively.
5-Year T-Note futures contracts were valued at a price of $108.77 at December 31, 2023.
The contract value of the short position was $458.5 million at December 31, 2023.
The awards issued during the years ended December 31, 2024 and 2023 were granted with respect to service performed in 2023 and 2022, respectively.
Compensation expense accrued related to the share awards was $0.6 million for both the years ended December 31, 2024 and 2023.
Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS.
The notional balance for the interest-only securities portfolio was $85.8 million and $98.6 million as of December 31, 2024 and 2023, respectively.
The notional balance for the interest-only securities portfolio was $85.8 million and $98.6 million as of December 31, 2024 and 2023, respectively.
The notional balance for the inverse interest-only securities portfolio was $22.0 million and $26.8 million as of December 31, 2024 and 2023, respectively.