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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 59,671 $ 35,351
Mortgage-backed securities, at fair value 1,050,521 1,401,778
Other investments, at fair value 355 0
Due from brokers 49,966 34,596
Financial derivatives–assets, at fair value 1,732 4,180
Reverse repurchase agreements 2,218 2,084
Receivable for securities sold 111,596 5,500
Interest receivable 4,219 5,016
Other assets 867 604
Total Assets 1,281,145 1,489,109
LIABILITIES    
Repurchase agreements 1,109,342 1,296,272
Payable for securities purchased 0 19,433
Due to brokers 2,348 33
Financial derivatives–liabilities, at fair value 20,234 2,047
U.S. Treasury securities sold short, at fair value 2,154 2,070
Dividend payable 3,449 3,488
Accrued expenses 690 588
Management fee payable to affiliate 526 605
Interest payable 2,679 3,729
Total Liabilities 1,141,422 1,328,265
SHAREHOLDERS' EQUITY    
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) 0 0
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (12,319,616 and 12,455,758 shares issued and outstanding, respectively) 123 124
Additional paid-in-capital 229,432 230,358
Accumulated deficit (89,832) (69,638)
Total Shareholders' Equity 139,723 160,844
Total Liabilities and Shareholders' Equity $ 1,281,145 $ 1,489,109