Q1 FY2026 EarningsEstimated book value per common share was $8.03 as of June 30, 2026. The total investment portfolio, including TBAs, reached $8.2B, with Agency RMBS comprising 85.3% of the total MBS portfolio. A cash dividend of $0.12 per share was declared for July 2026. Economic debt-to-equity ratio stood at 7.5x, reflecting significant reliance on leverage to drive returns in the Agency MBS market.