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Good day, ladies and gentlemen. Welcome to the First Quarter 2011 Arbor Realty Trust Incorporated Earnings Conference Call. My name is Francine, and I’m your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct the question-and-answer session. (Operator Instructions)
We’ll now like to turn the presentation over to your host for today’s call, Mr. Paul Elenio. Sir, you may proceed.
Okay. Thank you, Francine. Good morning, everyone. Welcome to the quarterly earnings call for Arbor Realty Trust. This morning we’ll discuss the result for the quarter ended March 31, 2011. With me on the call today, is Ivan Kaufman, our President and Chief Executive Officer.
Before we begin, I need to inform you that statements made in this earnings call may be deemed forward-looking statements that are subject to risks and uncertainties, including information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives.
These statements are based on our beliefs, assumptions and expectations of our future performance, taking into account, the information currently available to us. Factors that could cause actual results to differ materially from Arbor’s expectations in these forward-looking statements are detailed in our SEC reports.
Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today. Arbor undertakes no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after today, or the occurrences of unanticipated events.