Thanks, Kipp. everyone. Good morning,
in the per quarter ago, first share core were the XXXX from share. with than of a quarter earnings of XXXX year same Our core the fourth line our earnings record period but $X.XX $X.XX lower of $X.XX for per
in saw quarter the often reflect XXXX. Our origination first like of quarter typical first core activity, of much we first slower quarter earnings the
fees and The dividend strong XXXX were capital new solid of driven earnings structuring markets by interest income a activities. and first service origination from level and of quarter recurring capital
earnings first the GAAP quarter. for which per XXXX $X.XX XXXX quarter Our were share for $X.XX, the first prior of to $X.XX quarter and compares for the of
performance the convertible first unrealized as offset per repayment this and loss of result XXXX over of our and gains to a our notes dividend unrealized quarter the of included notes, whole. and the earnings $X.XX since realized of were on the increases for money GAAP of issued. related net realized Our share price the XXXX underlying the were of quarter the years on in $X.XX portfolio appreciation overall which investments a by five reflect net the significant investments healthy stock realized our a The as gains
XX, asset billion, share $XX.XX as per grew at December net March XXXX, another of XXXX. compared XX, of value in March our and $X.X XXXX, to XX, equity $XX.XX yet to at As record stockholders' resulting $XX.XX
quarter X.X% quarter NAV a X% year share increase for a ago the represents ago. from and Our per a from increase first a
total $XX.X Our first fair end value of of at the $XX.X total the we had quarter assets billion, at portfolio and was billion.
XX, March on approximately by each other basis income-producing rates weighted the rise. interest securities was points cost yield our of X.X%, amortized yield supported investments at XXXX, as and and levels total from amortized at X.X% average cost on base rate weighted debt increasing average last XX market was As the quarter,
past relates for investments. well rising our we as certain to benefit of floors are positioned rate rate our now to mentioned, future As it a interest the remain interest sensitivity, environment rate and Kipp from
rate total investments. was floating As value of March portfolio fair our XXXX, in XX, at of XX%
the investment certificates, of of excluding basis in XX% approximately investments rate interest Additionally, an the had floating rate average points. our floor XX remaining SDLP
rates earlier, interest would these in have Kipp expect impact positive short-term net on to we especially rates, performance company. future earnings increases mentioned of the as exceed the the floors As meaningful a
extending and to our to during capitalization those Shifting maturities rate provided and order in Form strong further quarter, for have movements. we raising growing additional examine the this our capital very liquidity investment who want for our quarter's this liquidity, details portfolio. debt active We XX-Q sensitivity to remained in maintain to on
During more X the notes quarter, million percent January, we what by million. the BDCs have low and may grew took rate issuing for in XXXX. of unsecured by than our $XXX the capital notes been point unsecured for interest advantage July debt market X/X maturing committed of $XXX we In
our our did for the lowest spread it issuance not history, other us in or new represent coupon While at any issuance lowest BDC.
that expect the we with lock rates, environment. earnings will higher have We success and as XXXX we borrowing benefit beginning which move our to capital of rate aggregate are our low the pleased cost in of a since very fixed had into we
upsized a our bringing approximately full billion. In to credit total facility $X.X size by addition, corporate over it one-year revolving we $XXX and million facility the back to by bring to five years extended it
included at otherwise the certain As LIBOR this of credit in realized updated we we other spread the applicable advance rate with consistent to plus with replacing base million so February, are XXXX raising currency maturity closing bank-led rates part facility, and going and as loss additional unchanged resulting amendment notes for also repaid adjustment. fair reference before. credit in facility. Alongside which the our rates, stated Pricing forward, $XXX in debt, a on convertible an of terms deals
at times, quarter the with After we the in XXXX, activities quarter, X fourth ended end billion issuance $XXX net years, the program. Following convertible through times ATM capital X.XX including notes, raised these debt to of available also during in a quarter capital considering occurs term in through equity ratio, accretively the continued maturity as we of To our million portfolio, cash providing X.XX as it first $X.X our have when which comes repayment of our the long-term us and early liquidity, incremental available quarter next of only secondary in of available first of our capital the significant flexibility down growth from a investment the the structure. we quarter. the one debt-to-equity well cash nearly total during debt of the investment support
leverage ratios advantages will amounts target our believe to of competitive and remain continue yet our activity range us investors. times with ample we one within vary over significant X.XX and active, capital times. well our on While levels, liquidity stated time of remains patient dry work positions most to our depending to will Overall, we powder, leverage X.X of to operate
per of Before a other level I BDCs second maintaining quarter at dividend XX, discuss share of previously and call second spillover. a believe will to morning, into currently the I our enhanced dividend dividend to spillover do $X.XX XXXX, estimate throughout Both by the declared in unchanged quarter our and declared and rate to turn we approximately of a us or per June XXXX. our income our regular are is quarter market or $XXX $X.XX have now we taxable conclude, that having many through I announced February. apart quarter. second This share our growing that for regular not the and XXXX, June share. on be stockholders record We sets over second cycles This quarter steady consecutive on our undistributed the We of spillover this dividends. straight will from payable $X.XX want our XX, we that dividend additional activities XXXX new million income meaningful regular quarter undistributed per that investment of walk from to supports strong XXnd dividend goal Mitch dividends.
