following is a presentation of summarized quarterly results of operations for the years ended December 31, 2018 and 2017. These quarterly results were prepared in accordance with GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. These adjustments are of a normal, recurring nature.



	For the Quarters Ended
	December 31, 2018			September 30, 2018			June 30, 2018			March 31, 2018
	(dollars in thousands, expect per share data)
Interest income	$	859,674		$	816,596		$	776,806		$	879,487
Interest expense	586,774			500,973			442,692			367,421
Net interest income	272,900			315,623			334,114			512,066
Total realized and unrealized gains (losses)	(2,502,035		)	199,716			294,646			844,689
Total other income (loss)	52,377			(10,643		)	34,170			34,023
Less: Total general and administrative expenses	77,073			126,509			63,781			62,510
Income (loss) before income taxes	(2,253,831		)	378,187			599,149			1,328,268
Less: Income taxes	1,041			(7,242		)	3,262			564
Net income (loss)	(2,254,872		)	385,429			595,887			1,327,704
Less: Net income attributable to noncontrolling interests	17			(149		)	(32		)	(96		)
Less: Dividends on preferred stock	32,494			31,675			31,377			33,766
Net income (loss) available (related) to common stockholders	$	(2,287,383	)	$	353,903		$	564,542		$	1,294,034
Net income (loss) available (related) per share to common stockholders
Basic	$	(1.74	)	$	0.29		$	0.49		$	1.12
Diluted	$	(1.74	)	$	0.29		$	0.49		$	1.12



	For the Quarters Ended
	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017
	(dollars in thousands, expect per share data)
Interest income	$	745,423		$	622,550		$	537,426		$	587,727
Interest expense	318,711			268,937			222,281			198,425
Net interest income	426,712			353,613			315,145			389,302
Total realized and unrealized gains (losses)	359,215			43,807			(277,794		)	74,265
Total other income (loss)	25,064			28,282			30,865			31,646
Less: Total general and administrative expenses	59,257			57,016			54,023			53,828
Income (loss) before income taxes	751,734			368,686			14,193			441,385
Less: Income taxes	4,963			1,371			(329		)	977
Net income (loss)	746,771			367,315			14,522			440,408
Less: Net income attributable to noncontrolling interests	(151		)	(232		)	(102		)	(103		)
Less: Dividends on preferred stock ⁽¹⁾	32,334			30,355			23,473			23,473
Net income (loss) available (related) to common stockholders	$	714,588		$	337,192		$	(8,849	)	$	417,038
Net income (loss) available (related) per share to common stockholders
Basic	$	0.62		$	0.31		$	(0.01	)	$	0.41
Diluted	$	0.62		$	0.31		$	(0.01	)	$	0.41


⁽¹⁾	The quarter ended December 31, 2017 excludes, and the quarter ended September 30, 2017 includes, cumulative and undeclared dividends of $8.3 million on the Company's Series F Preferred Stock as of September 30, 2017.