The Company’s investment strategy will initially focus on investment opportunities that currently exist in the U.S. residential mortgage markets. The Company expects that its primary investment focus will initially be on investment grade non-Agency MBS.
The Company intends to adjust its strategy to changing market conditions by shifting its asset allocations across its Target Asset classes to take advantage of changes in interest rates, credit spreads and economic and credit conditions.
The Company intends to invest in residential MBS, which are typically pass-through certificates created by the securitization of adjustable-rate, hybrid and/or fixed-rate mortgage loans that are collateralized by residential real estate properties.
The Company intends to invest in adjustable-rate, hybrid and/or fixed-rate residential mortgage loans primarily through direct purchases from selected high-quality originators.
The Company intends to invest in securities issued in various securitization offerings to gain exposure to bank loans, corporate bonds, ABS, mortgages, other types of MBS and other instruments.