Members of the board of directors, members of the board of supervisors, managers, and employees of a securitiescompany are not allowed to take up concurrentpostsatothersecuritiescompanies.
The Company intends to use the proceeds from the offering and concurrent private placement to acquire its target assets, which consist of residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities , residential mortgage-backed securities that are not issued or guaranteed by U.S. Government-sponsored entities and other mortgage-related investments.