Website: N/A
Stock Symbol: NASDAQ: DFR
Market Value: N/A (in millions)
DFR is a real estate investment trust, or REIT, with an approximate $7.0 billion
investment portfolio as of January 1, 2008. Our portfolio is comprised primarily
of fixed income investments, including residential mortgage-backed securities,
or RMBS, and corporate debt. In addition, through our subsidiary DCM, we managed
approximately $14.5 billion of client assets (approximately $600 million of
which is also included in our investment portfolio), including government
securities, corporate debt, RMBS and asset-backed securities, or ABS, as of
January 1, 2008. We have elected to be taxed as a REIT for federal income tax
purposes and intend to continue to operate so as to qualify as a REIT. Our
objective is to provide attractive risk-adjusted returns to our investors
through a combination of dividends and capital appreciation.
From our inception in December 2004 through December 21, 2007, we were
externally managed by DCM.