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.

16.2%

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

14.9%

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)