Ellington Financial : EFC First Quarter 2026 Earnings Conference Call Presentation

Published: 2026-05-05 20:46:18 ET EFC

Published on 05/05/2026 at 08:46 pm EDT

Earnings Conference Call

Q 1 2026 EARNINGS

May 6, 2026

2026

Overall Results

Net income: $95.5 million or $0.78 per share(2)

Economic return:(3) 6.0% for the quarter, 26% annualized

Adjusted Distributable Earnings:(4) $66.5 million or $0.55 per share

Investment Portfolio Segment

Net income: $76.4 million or $0.63 per share

Adjustable Distributable Earnings: $70.8 million or $0.58 per share

Credit:

Net income: $74.7 million or $0.61 per share

Adjusted long credit portfolio: $4.27 billion(5)(6), a 4% increase from the prior quarter

Agency:

Net income: $1.7 million or $0.02 per share

Long Agency portfolio: $197.3 million, a 3% decrease from the prior quarter

Longbridge Financial Segment

Net income: $57.5 million or $0.47 per share

Adjustable Distributable Earnings: $25.4 million or $0.21 per share

Longbridge portfolio(7): $695.1 million, a 13% increase from the prior quarter

Equity & BVPS

Total stockholders' equity: $1.92 billion, comprising common equity of $1.70 billion and preferred equity of

$220.9 million(8)

Book value per common share: $13.56 after total dividends declared of $0.39 for the quarter

Dividends

Dividend yield of 11.9% based on the May 5, 2026 closing stock price of $13.11 per share, and monthly dividend of $0.13 per common share declared on April 7, 2026

Leverage Below Sector Average

Recourse debt-to-equity ratio(9): 1.9:1

30% of total recourse borrowings(9) are long-term and non-mark-to-market

18% of total recourse borrowings(9) are unsecured

Weighted average remaining term of repo borrowings(9) is 9.0 months

Total debt-to equity ratio(9): 9.0:1, including all non-recourse borrowings, which primarily consist of securitization-related liabilities

Total unencumbered assets of $1.92 billion(10), consisting of cash and cash equivalents of $163.2 million and other unencumbered assets of $1.75 billion

Credit

Allocated Fair Value Equity(2) ($ in $1,000s)

Average Price (%)(3)(7)

WAVG Life(5)(7)

WAVG Mkt

Yield(6)(7)

Equity and Asset Allocation by Strategy

<1%

11%

Equity

89%

Non-QM Loans and Retained RMBS(8)(9)(10)

$ 1,476,643

94.6

4.0

8.8%

Commercial Mortgage Loans and CMBS(8)(12)

805,471

95.3

1.3

8.7%

Residential Transition Loans and Other Residential Mortgage Loans and Retained RMBS (8)(9)(11)

640,944

98.8

1.8

7.0%

Home Equity Line of Credit and Closed-End Second Lien Loans and Retained RMBS(10)(13)

357,385

102.5

3.3

9.9%

Agency-eligible residential mortgage loans and retained RMBS(9)(10)

313,537

100.8

7.9

6.0%

Consumer Loans and ABS backed by Consumer Loans(13) 149,151 -(4) 1.8 11.0%

Other RMBS

110,603

65.9

3.5

13.1%

Debt and Equity Investments in Loan Origination Entities(14)

100,589

N/A

CLOs

97,109

71.4

7.6

15.9%

Forward MSR-related investments

72,824

N/A

7.8

9.5%

Non-Dollar MBS, ABS, CLO and Other(15)(16)

33,782

103.3

4.3

14.7%

Corporate Debt and Equity and Corporate Loans

33,377

46.1

2.4

20.5%

Other investments(17)(18)

79,398

87.1

2.3

15.6%

Total - Credit

89%

$ 4,270,813

96.8

3.3

8.9%

Agency

Fixed-Rate Specified Pools

196,756

94.2

7.1

5.0%

Reverse Mortgage Pools

560

98.8

4.0

4.8%

Total - Agency <1%

$ 197,316 94.2 7.1 5.0%

Longbridge(19)

Proprietary reverse mortgage loans and retained tranches

13%

Assets

83%

(9)

Residential transition loans and other residential mortgage loans(8)(11) consist of residential transition loans ($525.7mm), retained RTL tranches ($18.5mm), other residential loans ($50.6mm), and REO ($46.2mm)

Non-QM loans and retained RMBS(8)(9)(10) consist of non-QM loans ($1,119.8mm), retained non-QM tranches ($354.0mm), and REO ($2.9mm)

Debt and Equity Investments in Loan Origination Entities(14) consist of LendSure ($60.2mm) and other loan origination entities ($40.4mm)

Proprietary reverse mortgage loans and retained tranches(9) consist of propriety reverse mortgage loans ($291.0mm), retained tranches ($53.3mm), and other ($13.8mm)

358,135

Unsecuritized HECM loans(20)

172,860

HMBS MSR(21)

128,210

(22)

35,894

Total - Longbridge

11%

$ 695,099

Debt-to-Equity Ratio by Strategy and Overall(23)

Recourse Total

Investment Portfolio (credit & agency)

1.9x 2.8x

Longbridge

1.9x 58.6x

Overall

1.9x 9.0x

Q 1 2026 EARNINGS

Reverse MSRs and Unsecuritized REO

(In thousands, except per share amounts)

Credit

Investment Portfolio

Agency Subtotal

Longbridge

Corporate/ Other

Total

Total Per Share

Interest income and other income (1)

$105,573

$ 1,958

$107,531

$ 63,111

$ 1,341

$ 171,983

$ 1.40

Interest expense

(44,799)

(1,155)

(45,954)

(27,157)

(11,391)

(84,502)

(0.69)

Realized gain (loss), net

11,782

(1)

11,781

276

12,057

0.10

Unrealized gain (loss), net

(31,593)

(936)

(32,529)

14,908

21,188

3,567

0.03

Net change from reverse mortgage loans and

HMBS obligations

40,928

0.33

Earnings in unconsolidated entities

17,564

0.14

Interest rate hedges and other activity, net(2)

23,892

1,846

25,738

6,762

(5,696)

26,804

0.22

Credit hedges and other activities, net(3)

411

431

Income tax (expense) benefit

(966)

(0.01)

Investment and transaction related expenses

(4,027)

(15,800)

(19,827)

(0.16)

Other expenses

(2,574)

(25,964)

(32,008)

(60,546)

(0.49)

Net income (loss)

$ 75,838

$ 1,712

$ 77,550

$ 57,475

$ (27,532)

$ 107,493

$ 0.87

Dividends on preferred stock

(5,883)

(0.05)

Issuance costs of redeemed preferred stock

(3,966)

(0.03)

Net (income) loss attributable to non-

participating non-controlling interests

(1,175)

(4)

(1,179)

(0.01)

Net income (loss) attributable to common

stockholders and participating non-controlling interests

$ 74,663

$ 1,712

$ 76,375

$ 57,475

$ (37,385)

$ 96,465

$0.78

Net (income) loss attributable to participating

non-controlling interests

(998)

Net income (loss) attributable to common

stockholders

$ 74,663

$ 1,712

$ 76,375

$ 57,475

$ (38,383)

$ 95,467

$0.78

Net income (loss) attributable to common

stockholders per share of common stock

$ 0.61

$ 0.02

$ 0.63

$ 0.47

$ (0.32)

$ 0.78

Weighted average shares of common stock

and convertible units(4) outstanding

122,984

Weighted average shares of common stock

outstanding

121,711

Three-Month Period Ended March 31, 2026

Investment

(in thousands, except per share amounts)

Portfolio Longbridge Corporate/Other Total

Net Income (Loss)

$ 77,550

$ 57,475

$ (27,532)

$ 107,493

Income tax expense (benefit)

966

Net income (loss) before income tax expense (benefit)

$ 77,550

$ 57,475

$ (26,566)

$108,459

Adjustments:

Realized (gains) losses, net(2)

(19,398)

263

(19,135)

Unrealized (gains) losses, net(3)

20,247

12,158

(16,400)

16,005

Unrealized (gains) losses on reverse MSRs, net of hedging (gains) losses (4)

(15,822)

Incentive fee to affiliate

19,222

Negative (positive) component of interest income represented by Catch-up Amortization

Adjustment

(21)

Adjustment related to consolidated proprietary reverse mortgage loan securitizations(5)

(12,690)

Non-capitalized transaction costs and other expense adjustments(6)

1,359

1,311

294

2,964

Litigation settlement income

(17,000)

(Earnings) losses from investments in unconsolidated entities

(17,564)

Adjusted Distributable Earnings from investments in unconsolidated entities(7)

9,584

Total Adjusted Distributable Earnings

$ 71,757

$ 25,432

$ (23,187)

$ 74,002

Dividends on preferred stock

5,883

Adjusted Distributable Earnings attributable to non-controlling interests

928

695

1,623

Adjusted Distributable Earnings Attributable to Common Stockholders

$ 70,829

$ 25,432

$ (29,765)

$ 66,496

Adjusted Distributable Earnings Attributable to Common Stockholders, per share

$ 0.58

$ 0.21

$ (0.24)

$ 0.55

F E 3%

D 8%

A 35%

$4.27 bn

C 15%

B 19%

I J K

H 2% G 2%

H 2%

G 3%

I 3%

J 2%

K 3%

E 6%

A 34%

$4.13 bn

C 16%

B 19%

C: Residential Transition Loans and other Residential

Mortgage Loans and Retained RMBS(3)(5)

As of 3/31/2026(1)

E: Agency-Eligible Mortgage Loans and Retained RMBS (4)(7)

F: Consumer Loans & ABS backed by Consumer Loans(7) G: CLOs

As of 12/31/2025(1)(2)

Our adjusted long credit

portfolio(13) increased by 4% sequentially to $4.27 billion as of March 31, 2026, compared to $4.13 billion as of

December 31, 2025.

The increase was driven by

purchases of non-QM loans, Agency-eligible loans, and residential transition loans. A larger portfolio of retained RBMS

also contributed to the increase.

These increases were partially

offset by the impact of loans sold into securitizations.

Short-duration loan portfolios

continued to generate significant paydowns, with RTL, commercial mortgage, and consumer loan portfolios returning $224 million of principal during the quarter, representing 15% of beginning

fair value.

*For consolidated securitization trusts, only includes retained tranches.

15-Year Fixed

RM Fixed

$197.3mm

97%

30-Year

Fixed

<1%

15-Year Fixed

RM Fixed

<1%

$203.7mm

97%

30-Year

Fixed

As of 3/31/2026 As of 12/31/2025(1)

Category

Fair Value(1)

($ in MMs)

Wtd. Avg. Coupon(2)

30-Year Fixed

$ 192.0

3.92%

30-Year Fixed

$ 197.9

3.93%

15-Year Fixed 4.8 3.50%

RM Fixed 0.6 4.44%

15-Year Fixed 5.2 3.50%

RM Fixed 0.6 3.92%

Total

197.3

Total

203.7

Our long Agency portfolio decreased by 3% sequentially to $197.3 million as of March 31, 2026.

E E

D 5%

C 19%

$617.2 mm

47%

B 28%

1% 1%

D 4%

C 18%

$695.1 mm

52%

B 25%

As of 3/31/2026(1) As of 12/31/2025(1)

Longbridge originates reverse mortgage loans, including (i) home equity conversion mortgage loans, or "HECMs," which are insured by the FHA, and (ii) "proprietary reverse mortgage loans," which are not insured by the FHA. HECMs are eligible for inclusion in GNMA-guaranteed HECM-backed MBS, or "HMBS." Upon securitization, the HECMs remain on our balance sheet under GAAP.

We have securitized some of the proprietary reverse mortgage loans originated by Longbridge, and we have retained certain of the securitization tranches in compliance with credit risk retention rules. Longbridge has typically retained the MSRs associated with the loans it has originated.

In Q1, Longbridge's portfolio increased by 13%, driven by continued strong proprietary reverse mortgage loan origination volumes, partially offset by the impact of

a securitization of proprietary reverse mortgage loans completed during the quarter.

Longbridge originated $515 million across HECM and prop, which was a 52% increase from the same period in 2025, 70% through its wholesale and correspondent channels and 30% through its retail channel.

Our Longbridge segment generated excellent results, driven by strong contributions from both originations and servicing, and net gains on interest rate hedges.

Originations were supported by robust origination volumes and margins, and net gains related to the proprietary reverse mortgage loan securitization during the quarter.

Positive results in servicing reflected (i) strong tail securitization executions; (ii) a net gain on the HMBS MSR, driven primarily by tighter HMBS yield spreads; and

(iii) steady base servicing net income.

Longbridge also had income related to the settlement of a lawsuit, pursuant to which Longbridge received a payment of $17.0 million.

*For consolidated proprietary reverse mortgage loan securitization trusts, only includes retained tranches.

Recourse Borrowings ($ in thousands)

As of

3/31/26

Three-Month Period Ended 3/31/26

Collateral Type

Outstanding Borrowings

Weighted Average Borrowing Rate

Average Borrowings

Average Cost of Funds

Credit(1)

$ 2,415,840

5.26%

$ 2,223,321

5.42%

Longbridge-Related Recourse Borrowings

424,598

6.06%

353,348

6.43%

Agency RMBS

188,294

3.76%

122,537

3.82%

Total Secured Recourse Borrowings

$ 3,028,732

5.28%

$ 2,699,206

5.48%

Senior Notes, at par

647,750

6.81%

647,750

6.56%

Subordinated Notes

15,000

6.68%

15,000

6.70%

Total Unsecured Borrowings

$ 662,750

6.81%

$ 662,750

6.56%

U.S. Treasury Securities

130,683

3.71%

75,450

3.80%

Total Recourse Borrowings(2)

$ 3,822,165

5.49%

$ 3,437,406

5.65%

Supplemental Borrowing-Related Information as of 3/31/2026(3)

Long-Term Non-MTM Debt

$ 1,113,867

Long-Term MTM Debt

698,453

Short-Term Non-MTM Debt

314,044

Short-Term MTM Debt

1,695,802

Total Recourse Borrowings

$ 3,822,165

Non-Recourse HMBS-Related Obligations

10,765,668

Non-Recourse Consolidated Securitizations

3,125,332

1.9x

Recourse Debt-to-Equity Ratio(4)

9.0x

Total Debt-to-Equity Ratio(4)

18%

Unsecured Debt /

Recourse Debt

30%

Long-Term non-MTM financing*

Total Borrowings $17,713,165

Total Equity $ 1,957,988

*Long-term non-MTM financing includes borrowings with 365 or more days remaining to maturity.

Healthcare

Mobile Home

Self-Storage

Office

Retail

Mixed Use 7%

Hotel 12%

Property Type

All Other States

NY 26%

<5%

35%

Geography

61%

Multifamily

NJ 7%

FL 23%

First Lien

Floating without Floor

24%

Fixed

Interest Rate Type

73%

100%

Seniority

Floating

with Floor

Commercial mortgage loan portfolio is diversified geographically and across property types, with a tactical focus on multi-family.

All investments are first liens.

Ellington Financial's vertically integrated, proprietary loan origination businesses are designed to:

Lock in a steady flow of high-quality loan originations

Leverage Ellington's core strengths of data analysis and modeling to help shape the underwriting criteria of the loans

Generate highly attractive ROE profiles

Represent significant potential upside to book value

Fill lending void left by banks facing strict regulations

Non-QM Loans(1)

Residential Transition Loans

Commercial Mortgage Loans(2)

Reverse Mortgage Loans(1)(3)

Strategic Originator Investment(s)

√

Joint Ventures and/or Flow Agreements

√

In-House Origination Team

√

Servicing Platform

and Workout Capabilities

√

Securitization Program

√

Total

Loans Acquired During Q1 2026 ($mm)

$1,263.6

$219.6

$165.1

$515.4

$2,163.7

Total Loan & Retained Tranches FV at 3/31/2026 ($mm)

$1,119.8

$525.7

$958.5

$531.0

$3,135.0

Cumulative Loans Funded and Realized Credit Losses (Non-Annualized)

Residential Mortgage Loans(1)

Cumulative Loans Funded ($B) Cumulative Loss Rate - Non-Annualized (%)(2) $18.5

Since the inception of each of our residential mortgage loan businesses (non-QM, RTL, Home Equity, and Proprietary Reverse), each portfolio has had minimal-to-no cumulative realized credit losses.

$16.7

$11.2

$8.0

$6.2

$3.4

0.01%

0.05%

0.10%

0.14%

2021 2022 2023 2024 2025 Q1 2026

Cumulative Loans Funded ($B) Cumulative Loss Rate - Non-Annualized (%)(2)

Commercial Mortgage Loans(3)

Consistently strong credit performance of commercial mortgage bridge loans.

$2.3

$2.5

$1.8

$1.3

$1.5

$0.9

0.00%

0.44%

0.41%

Standard Deviation of Quarterly Economic Returns of Hybrid REITs, Q1-2011 - Q4-2025(1)(2)

Company

Standard Deviation

EFC

3.5%

Hybrid REIT #02

6.1%

Hybrid REIT #03

6.2%

Hybrid REIT #04

6.7%

Hybrid REIT #05

9.1%

Hybrid REIT #06

12.8%

Hybrid REIT #07

13.5%

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

EFC has produced the most consistent quarterly returns among its peer group with significantly lower earnings volatility, thanks to our dynamic hedging strategies, diversification and active portfolio management

EFC Hybrid REIT #02

Hybrid REIT #03

Hybrid REIT #04

Hybrid REIT #05

Hybrid REIT #06

Hybrid REIT #07

EFC's dynamic interest rate hedging, along with the short duration of many of our loan portfolios, is designed to reduce our exposure to fluctuations in interest rates.

Estimated Change in Fair Value

3/31/2026

50 Basis Point

Decline in Interest Rates

50 Basis Point Increase in Interest Rates

($ in thousands)

∆ Fair Value

% of Total Equity

∆ Fair Value

% of Total Equity

Agency RMBS - Fixed Pools and IOs excluding TBAs

$ 4,836

0.25%

$ (5,427)

-0.28%

Long TBAs

7,909

0.40%

(11,229)

-0.57%

Short TBAs

(22,804)

-1.17%

29,952

1.53%

Non-Agency RMBS, CMBS, Other ABS, MSRs, Mortgage and Other

Loans

50,203

2.56%

(58,971)

-3.01%

Interest Rate Swaps

(23,482)

-1.20%

22,693

1.16%

U.S. Treasury Securities

(5,089)

-0.26%

4,933

0.25%

Eurodollar and Treasury Futures

(7,332)

-0.37%

7,092

0.36%

Corporate Securities and Other

(44)

0.00%

Repurchase Agreements, Reverse Repurchase Agreements,

and Senior Notes Outstanding

(8,033)

-0.41%

8,015

0.41%

Total

$ (3,836)

-0.20%

$ (2,855)

-0.15%

Less: Estimated Change in Fair Value attributable to Preferred Stock

(1,840)

1,838

Estimated Change in Fair Value attributable to Common Stock

$ (5,676)

$ (1,017)

As % of Common Equity

-0.33%

-0.06%

We deploy a dynamic and adaptive hedging strategy to reduce the volatility of book value and earnings

G 22%

A 17%

$1.33bn

B 12%

<1%

D 33%

C 15%

G 34%

A 25%

$1.05bn

<1%

B 15%

D 9%

C 16%

As of 3/31/2026 As of 12/31/2025

Short $1.33 bn 10-yr equivalents(1)

Short $1.05 bn 10-yr equivalents(1)

We hedge along the entire yield curve to protect against volatility, defend book value and more thoroughly control interest rate risk.

We hedge interest-rate risk with interest rate swaps and short positions in TBAs, U.S. Treasury securities, and futures.

Shorting "generic" pools (in the form of TBAs) allows EFC to significantly reduce interest rate risk and mortgage basis risk, and provides protection when credit spreads widen.

Instrument Category

Corporate CDS Indices/ Tranches/ Options/ Single Names

CMBX

Net Short TBAs

Units

HY CDX OTR Equivalent Value(3)

Bond Equivalent Value(4)

HY CDX OTR Equivalent Value(3)

(50.00)

(100.00)

While TBAs are primarily used to hedge mortgage rate risk, they can also provide protection when credit spreads widen.

(150.00)

(200.00)

(250.00)

(300.00)

(350.00)

(400.00)

EFC's dynamic credit hedging strategy seeks to reduce book value volatility.

During market-wide negative credit shocks, our credit hedges not only help stabilize our book value, but they also bolster our liquidity, as we have daily access (in cash) to the mark-to-market gains on these positions.

Supplemental Slides

Social

Governance

Environmental

Our offices are conveniently located near mass transportation.

We provide financial support and incentives to our employees who use public transit.

To reduce energy usage, we use Energy Star® certified desktops, monitors and printers; and utilize motion sensor lighting and cooling to reduce energy usage in non-peak hours.

To reduce waste and promote a cleaner environment, we use green cleaning supplies and kitchen products; recycle electronics, ink cartridges, and packaging; provide recycling containers to employees; and use water coolers to reduce waste.

We have reduced the number of single use

cups and plastic water bottles in our offices.

We invest in home mortgage loans, which support homeownership and stability within communities.

Ellington and senior members of management sponsor numerous charitable causes, including several devoted to diversity and children in need. We also support employee charitable contributions through matching gift programs, hosting food drives, and other community events.

Our employees have access to robust health and wellness programs. Ellington also supports various events that support health and wellness.

We provide opportunities for personal growth with training, including facilitating a lunch & learn series, and reimbursing professional continuing education. We also support professional development through mentorship programs and affinity groups, such as a women's networking group.

We are in compliance with applicable employment codes and guidelines, including ADA, Equal Opportunity Employment, Non-Discrimination, Anti-Harassment and Non-Retaliation codes.

We operate under a Code of Business Conduct and Ethics.

EFC has a separate independent Chairman, and the majority of Board members are independent.

We hold annual elections of Directors.

We are committed to providing clear and consistent disclosure and maintaining a high level of transparency

We have an established Whistleblower policy to encourage transparency and accountability.

Robust process for stockholder

engagement.

Strong alignment through $55mm co-investment(1)

Quarter Ended 3/31/2026 Q1/Q4 12/31/2025 Q4/Q3 9/30/2025 Q3/Q2 6/30/2025

UST (%)(1)

3M UST

3.67

+0.05

3.63

-0.31

3.93

-0.36

4.29

2Y UST

3.79

+0.32

3.47

-0.14

3.61

-0.11

3.72

5Y UST

3.94

+0.22

3.73

-0.02

3.74

-0.06

3.80

10Y UST

4.32

+0.15

4.17

+0.02

4.15

-0.08

4.23

30Y UST

3M10Y Spread

4.91

0.64

+0.07

+0.10

4.84

0.54

+0.11

+0.32

4.73

0.22

-0.04

+0.28

4.77

-0.06

2Y10Y Spread

SOFR (%)(1)

0.52

-0.17

0.69

+0.15

0.54

+0.03

0.51

3.66

-0.02

3.69

-0.44

4.13

-0.19

4.32

3.68

+0.03

3.65

-0.32

3.98

-0.32

4.29

1M3M Spread

Mortgage Rates (%)(2)

0.02

+0.05

-0.04

+0.12

-0.15

-0.12

-0.03

15Y

5.89

+0.20

5.69

-0.07

5.76

-0.30

6.06

30Y

Credit Spreads(1)

6.38

+0.20

6.18

-0.12

6.30

-0.47

6.77

Markit CDX North America HY Index - Spread

385.44

+68.94

316.50

-4.79

321.29

+3.25

318.04

Markit CDX North America IG Index - Spread

TSY-based OAS (bps)(3)(4)

63.16

+13.15

50.01

-2.06

52.07

+1.01

51.06

FNMA30Y2.5 OAS

22.3

-6.8

29.1

+1.1

28.0

-2.8

30.8

FNMA30Y4.5 OAS

4.0

-0.1

4.1

-1.4

5.5

-7.8

13.3

FNMA30Y6.0 OAS

TSY-based ZSpread (bps)(3)(5)

25.3

+3.8

21.5

-5.4

26.9

-4.3

31.2

FNMA30Y2.5 ZSpread

33.6

-5.5

39.1

-0.6

39.7

-4.1

43.8

FNMA30Y4.5 ZSpread

50.8

+2.4

48.4

-3.9

52.3

-13.4

65.7

FNMA30Y6.0 ZSpread

FNMA Pass-Thrus(1)

115.1

+12.8

102.3

-13.7

116.0

-16.5

132.5

30Y2.5

$84.09

-$0.52

$84.62

$0.36

$84.26

$1.17

$83.09

30Y4.5

$96.48

-$1.16

$97.64

$0.63

$97.02

$1.27

$95.75

30Y6.0

$101.93

-$0.74

$102.67

$0.53

$102.14

$0.48

$101.66

Q1 2026 EARNINGS

Disclaimer

Ellington Financial Inc. published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 00:45 UTC.