Cypress Sharpridge Investments, Inc. (CYS) Q2 2010 Earnings Call Transcript July 22, 2010 9:00 am ET Executives Rick Cleary – COO Kevin Grant – Chairman, President and CEO Frances Spark – CFO Bill Shean – Managing Director, Investments Analysts Mike Widner – Stifel Nicolaus Steve Delaney – JMP Securities Gabe Poggi – FBR Kevin Casey – Casey Capital Bruce Harting – Barclays Capital Eugene Fox – Cardinal Capital Management Robert Grunewald – Cicero Capital PresentationOperator
Good morning and welcome to the Cypress Sharpridge Investments, Inc. second quarter 2010 earnings conference call. During management’s presentation your line will be in a listen-only mode. At the conclusion of management’s remarks there will be a question-and-answer session. (Operations instructions) Management has asked me to remind you that certain information presented and certain statements made during management’s presentation with respect to future financial or business performance, strategies or expectations may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements indicate or are based on management’s beliefs, assumptions and expectations of CYS future performance taking into account information currently in the Company’s possession. Beliefs, assumptions and expectations are subject to change, risk and uncertainty as a result of possible events or factors, not all of which are known to management or within its control. If management’s underlying beliefs, assumptions and expectations prove incorrect or change than the company’s performance and its business, financial condition, liquidity and result of operations may vary materially from those expressed, anticipated or contemplated in any of our forward-looking statements. In any events actual results may differ. Management invites you to refer to the forward-looking statements disclaimer contained in the Company’s annual report on Form 10-K filed with the SEC, which provides the description of some of the factors that could have material impact on the Company’s performance and could cause actual results to differ from those that maybe expressed in forward-looking statements.