Actor Ryan Paevey has been a regular in Hallmark movies for the past few years, and fans were hoping to see him on screen again. PEOPLE reports that this year, Paevey revealed that Hallmark has not asked him to act in any upcoming movies, and he seemed both unhappy by that fact and also okay with it.

Fans were concerned about Paevey’s response, so Paevey recently posted a statement on Instagram clarifying what life looks like for him in 2024 and what fans can expect going forward. In short, he won’t be acting again any time soon.

Paevey started his statement by sharing his annoyance about making a statement at all. He wrote, “So first and foremost, I am a bit apprehensive that I even have to make a statement like this. I am certainly accustomed to a certain degree of gossip, but the past few weeks in particular have gotten out of control with speculation from third parties that have taken my words and expanded upon them to meet their narrative, or flat out misrepresented my words or misconstrued their meaning.”

Then Paevey went on to set the record straight about what is happening in his life and why he is stepping away from acting. He explained, “The industry hasn’t felt like the place for me in quite some time now, and my mental health has suffered from it. It’s taken me to a bit of a dark place, made me into a version of myself I don’t like very much.”

Paevey also shared details about some negative things that have happened to him recently. He wrote, “I’ve had bank accounts hacked, money embezzled, investments stolen….things that, while difficult, can be recovered from. But after all that, my mother was diagnosed with lung cancer. I left Los Angeles to be closer to her, and feel the need to devote more of my time, energy and resources closer to home.”

While he has certainly gone though a lot, Paevey wanted to end his statement on a high note. He shared that his life is not completely grim right now. He explained that he is “grateful” for the entertainment industry “for taking him on a decade long adventure the likes of which he never imagined.”

He also clarified that he is simply “shifting focus” and making his family his top priority at the moment.

Watch the video below to learn more about Paevey’s acting career and his recent decision to take a break from acting.