Our business objective is to provide attractive risk-adjusted total returns over the long term through a combination of capital appreciation and the payment of regular monthly distributions. We invest in residential mortgage-backed securities which are issued and guaranteed by a federally chartered corporation or agency (“Agency RMBS”). We fund these investments through short-term borrowings structured as repurchase agreements. Income generated for distribution to our shareholders is based primarily on the net interest margin earned on our leveraged Agency RMBS portfolio.


Five Year Total Return (through 12/31/2020)


Dividend Yield (as of 12/31/2020)

$3.7 B

Agency RMBS Portfolio (as of 12/31/2020)

$415.3 M

Total Stockholders’ Equity (as of 12/31/2020)