Q1 2020 Earnings Call

Is that only 33% of our current investment portfolio.

With that I'll turn the call back over to Ted Goldcorp.

Thank you Patrick as Patrick detailed overall, we're pleased with the performance of our debt securities portfolio through this incredibly challenging environment.

On the whole we have relatively minimal exposure to the sectors. Most impacted by the stayed home orders such as travel leisure retail restaurants energy et cetera.

We take comfort that RPC originate assets are substantially outperforming legacy.

So so overtime as the asset rotation continues our portfolio should trend positively.

While our COO equity positions continue to negative negatively impacted results, we as a management team continue to pursue any and all avenues to mitigate the impact.

We also continue to believe in the benefits of the of the scale of the platform of the nine investments during the quarter into new borrowers to were completed alongside other BC partners entities pursuant to a co investment order and six were also completed alongside other BC entities, but did not require exemptive relief.

Our ability to take advantage of the liquid markets and appears dislocation and to underwrite investments in a period of stress, we believe sets us apart from other BDC managers.

As noted at the top of the call. We believe that partner rich came into this period of uncertainty in a strong liquidity position and were able to capitalize on that through stock and bond repurchases.

And opportunistically, adding assets at the trust the market.

Additionally, prior to that to our blackout period. The management team was purchasing stock has it continue through second quarter of 2020, we would expect to continue to execute on all four of these strategies, assuming the market discounts continue and our pipeline of new investments remains true me remains attractive.

I would also like to note that any I also like to note that for the next year any incentive fees, we earn will be reinvested into port marriage stock had net asset value.

Finally from a corporate activity perspective, we continue to look for attractive strategic transactions that will be accretive for our shareholders.

Thank you for your support we wish all the best to all of our stakeholders families and Bucks once.

Through these challenging and unprecedented times with that we'd like to turn over the call to the operator for your questions.

If you like to ask a question. Please press Star then the number one on your telephone keypad.

That is star one.

Well pause for a minute again, Patrick Ewing roster.

And there are no questions at this time.

Great well. Thank you all for your support and we wish again, we wish you all all the best in this challenge time. Thank you.

That does conclude today's call you may now disconnect.