Dynex Capital, Inc. (DX) Q2 2012 Earnings Call July 30, 2012; 11:00 am ET Executives Thomas Akin - Chairman & Chief Executive Officer Byron Boston - President & Chief Investment Officer Stephen Benedetti - Chief Operating Officer & Chief Financial Officer Alison Griffin - Vice President, Investor Relations Analysts Douglas Harter - Credit Suisse Trevor Cranston - JMP Securities Zachary Tanenbaum - MLG David Walrod - Ladenburg Ken Lewis - Bank of America/Merrill Lynch Jason Stewart - Compass Point Jay Weinstein - Highline Wealth Management PresentationOperator
Good morning and welcome to the Dynex Capital, second quarter 2012 earnings conference call. All participants will be in listen-only mode. (Operator Instructions). I would now like to turn the conference over to Alison Griffin. Please go ahead. Alison Griffin Thank you. Thanks everyone for joining Dynex Capital, second quarter 2012 earnings conference call. The press release associated with today’s call was issues and filed with the SEC today, July 30, 2012. You may view the press release on the company’s website at www.dynexcapital.com under Investor Relations and on the SEC’s website at www.sec.gov. Before we begin I would like to remind you that this conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words believe and expect, forecasts, anticipate, estimate, project, plan and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. The company’s actual results and timing of certain events could differ considerably from those projected and/or contemplated by the forward-looking statements as a result of unforeseen external factors or risks. For additional information on these factors or risks, we refer you to our Annual Report on Form 10-K for the period ended December 31, 2011 as filed with the SEC. The document may be found on our website at dynexcapital.com under Investor Relations and on the SEC’s website at sec.gov.