Eric Hagen

“I really appreciated your thoughts just now on the bank capital. You noted the costs to underwrite are substantially lower than the industry average. They're around $800, if I heard you correctly.”

“The pickup and amortization expense to $52 million in the quarter, is that a good run rate to reflect the expense going forward, or could we actually see it maybe come back down because rates have moved back the other way, even just this quarter?”

“Do you want to comment on the drag you're seeing from the credit hedges on a go-for basis?”

“How are you guys thinking about this attention across the market right now on private credit? and the impact on other asset managers and then the knock-on effects that it could have on the resi and commercial mortgage markets.”

“The move to issue preferred and buyback, the common, can you say which series of the preferred that you're issuing? And then more holistically, like, how do you think about the shape of the capital structure and, like, the right mix of preferred versus common right now?”