for of for the XX, XXXX. we and cover, lots morning. March let's for get ended results Thank quarter got all summary dialing this in morning you, Gladstone the given Good Thank Michael. of into the Capital you
the $XX.X line non-earning COVID-XX Cream of included Originations did add-on which the in included of including previously CapEx, resulted include to asset any these Mochi Ice -- second a quarter on proceeds our and funding acquisition in and $XX.X gain had Repayments which totaled totaled not investment and quarter or written-off. draws. investments Company, been a Meridian, the acquisitions for related realized million, million, proprietary lien and new $X.X support million exit growth of a the
to income and investment prior and also for total or to income administrative the unchanged quarter to the the Interest Borrowing on costs in so X% quarter. drop down million, and Prepayments declined LIBOR non-earning one $XX million. of to the income with $XXX,XXX $XXX,XXX quarter $XX.X movement compared a were quarter largely the status. credit dividend declined, was on
the by in However, $X.X million net increase fee on million net with the or in share resulting quarter. the management fees investment declined income incentive $X.X per to of $XXX,XXX $X.XX credit
or million loss $XX.X $XX.X largely which result as Mochi operations disruptions a and from declined included moment. Net share, of $X.X also discuss on in of unrealized portfolio Meridian. depreciation which million million a I'll exit by a of market It included net asset from net per $X.XX the the realized quarter, COVID-XX
to XX.X% or per March XXXX. share XX, $X.XX per $X.XX declined as NAV period, share the For of
in performance debt of companies. our of of broad helps we exposure not where is unrealized more in quarter move majority of recognized impacted the be our the pandemic. respect portfolio insulated and on necessarily COVID-XX and appreciation reflect the based investments, our sectors the from generally credit cycles, were yields With of fair which the underlying all portfolio, industries the us expected the result reasonably which our to face and negatively fortunate limited are last to diversity as services retail portfolio the do and Most consumer economic of position focus the that to well investment a market financial
quarter credits by roughly the million for of on down X% me costs. let on be our or to severely perspective, on The best or valuation proprietary and try dealer Broadly, the million a impacted measured mostly lien based most syndicated positions performing marked of yields movement To benchmark the it unrealized unaffected put can for credit down break increase in you. of market on $X.X based the by represented COVID-XX which appreciation of were cost. second marked $X.X in bit that quotes liquidity by XX%
business modestly of The brokerage down diversified care well total as or we of are Many leveraged flows a $XX.X senior by couple business, well chain. which the the of these chain, business, businesses X% million feel a distribution in by strongly are child credits loans, unitranche supported businesses costs. underlying the overtime. the of a approximately learning marked enterprise such a energy a be These depreciation cash impacted impact COVID-XX and include reversed of will relatively valuation, varied and chemical as and this and restaurant vacation magnitude in were are and the as company, rental credits
Lastly, are to bulk $X.X an some provide of approximately credits million to capital businesses. cost. these companies private of credits are undergoing equity which fully engaged and the continue are incremental of and depreciation management are of operational watch-list these represented sponsors support The who restructuring, controlled these usual X% by form or
with Adhesives investments; related balance of is Edge $X.X to resources. debt and write-down investments, FES the of total, appreciation the unrealized of In and principally, the is the the write-down of in restructuring unrealized XX% the associated million appreciation of equity
and COVID-XX. similarly near-term of these government increasing costs the challenges in portfolio Paycheck quarter of lien majority liquidity at qualify lien XX% Protection Program, and exits lien the able are predominantly to for of the loan appropriate serve first posed closely to to XX% investments to supplement reducing origination to second monitor portfolio COVID ensure cost. to our will by lien taken actions We shifted the which The second and proprietary have exposure and have been the our contingency mitigate a the mix they date, portion and asset manage developed on slightly disruptions. throughout exposure the [ph] continuing with business first to plans To companies evolving liquidity
the the our quarter, in With Meridian as XG our business, well we our anticipated recover positioned represents the position, fair investments in to of selling are on portfolio to expenditures are and the to $X.X we more granularity B&T of during to classified end pricing of have capacity quarter, million second no our redeploy certain non-earning of our position as $XX the currently wireless investment marketplace X.X% contracting as engineering and in and There a non-earning. and uptick value portion capital assets one given assets. carrier this respect other wireless in from is to of B&T, available million other the non-performing bolster a today. working sizable exited well the market we Since closed the terms increase of of lien investment assets, end quarter. down the as favorable credit
down and to well portion in pricing profile we'll Turning at conditions, fit cash and to the are outlook recurring of market manage proactively given selling healthy and we some seeing position for investment focus engagement our a current and as Despite enable investment and improved of shareholders. the company our the continue flow our COVID-XX opportunities will within flow limited of XXXX, by balance of the active interest market competitive the these and the growth-oriented of new discipline, our a dislocations more that portfolio net capacity the to sectors the to selectively and and lower feel and us our about opportunities of terms. portfolio, challenges recover markets available us diversity. selectively We unprecedented these, our existing improve deal our market intend portfolio pursue as concerns to position term our performance near leverage maintain lower-middle grow to lower-middle of affirm returns as granularity to the margin well underwriting we our some composition, to
interest our we is to and on since portfolio. the speak the impact the impact interest earnings zero rate last to Lastly, reduce to to economy the offset Reserve's with the COVID-XX Federal stimulate negatively you, floating had continue to will near and decision rates opportunity
While interest want the dividend. and was recent portion adjustment. compelled the our to were to investment impact, economy mitigate our normal reduction we improves reiterate will of interest reduce a rate This decision interest this reduce income comments floors more will net this earlier restoration as return the We the rates that lightly. of to visit and taken levels, not we income, will
details for reports to on like to quarter. turn the I'd financial the call now, the of Capital And some to fund's the for Schaltenbrand, provide the Nicole results -- over Gladstone CFO
Nicole?
