Kevin P. Yonon
Thank you, Jonathan.
was XX, by prior September LCD, September to from XX.XX% increasing ended basis XX. loan of Morningstar XX performance as XX there par XX.XX% modestly quarter prices quarter, prices, the basis During average. during loan prices of improved of pricing U.S. According points, the B-rated as dispersion the loan U.S. June defined loan some basis Loan with BB-rated and to on CCC-rated increasing points, points XXX decreasing prices Leveraged Index the US of loan as LSTA market XX increased par quarter. versus
default amount buybacks, While note we default of end trailing out-of-court by elevated. the captured X.X% cited to the exchanges that of the remain decreased for restructurings, from rate end are June, at principal at XX-month and rate the X.X% this index in not subpar loan quarter the which
of X.XX% a of at the the as percentage par, loans below compared quarter the Additionally, of the distress XX% second ended X.XX% end at to with prices quarter. ratio, defined
prior year by ended issuance, of and LBO Leveraged This including market XX% US the ended quarter higher amendments activity, activity was quarter. and XXXX. September versus including the repricing funding non-refinancing was September primary Loan comparable issuance, XXXX, transactions, driven the and increase excluding a quarter $XXX.X opportunistic billion, XX, During representing dividends the M&A versus XX,
At outflows, time, US quarter fund billion ended September the $X.X were XX. for the measured same Lipper, by as approximately loan
to total strategies focus to to historically management our take our maximize continue strategy. view we long-term portfolio been towards return. investment a And permanent on longer-term have We able designed capital as vehicle, a
will call the back With that, over turn I Jonathan. to
