I Thanks, all and here. Mike and appreciate analysts. you shareholders morning good the go being
for Gladstone strong report had ended XX Investment. quarter pleased that to I'm another which So, December we fiscal
from value share investment value, asset $X.XX The and of net last $X.XX from to $XX.XX also is Our which we to share the increased course on $XX.XX investment. net new per per last income our $X.XX buyout to by a per closed book $X.XX share quarter. quarter increased
basis. roughly October an basis increase $X.XX to of to announce rate we X.X% an share in also on or $X.XXX or going stockholders results, our our in an our on monthly annual from on were per over per share based share $X.XX $X.XXX So distribution able per common annual
which per supplemental distribution. second indeed common in share another $X.XX our paid also supplemental was We planned December, distribution of semiannual
from made significant expect a distributions supplemental that c portion actually be these will we capital of Now, gains.
and $X.XXXX $XX.XX $X.XXX was the price to December of price at stock XX% stock end increase XX. or an the trading of our as increased NAV at This over above Our of of is $XX.XX actually year. last
Now, words least recognition week end actually stock me, we a in the in and with to monthly this year while I is price at rate is of $X.XX yield supplemental model business now $X.XX a stock in actually at the of yesterday, even market share. quarter the for $X.XX turmoil distribution and $XX a our equity encouraging. still increased that beginning to at closed provide per about around of of X% share the this has when past run other believe we're perspective value the annual been the $X.XX At buyout as component total for and receive would the from almost
that's use we model consists focus that we business our as direct our interest, ownership is the EBITDA, second what US debt, million between know these buyouts annual combination producing $XX as earnings and results? significant is or and first secured investment for the with of in with on million before a $X depreciation businesses of Well, position. the for So equity generally structure buyouts amortization, lien a funding known that taxes, otherwise amounts we for and
compare to are that you'll this this oriented in in BDCs, when oriented you our cost. around other around typically the debt is XX% XX% for debt. of that target are like to traditional and about more equity XX% from equity proportion see means in the XX% credit their So we most the credit and different portfolio And debt the at portfolios BDCs the that in equity investments
it's So our model, different value to proposition. as believe a stockholder follows. we leads and it's Clearly
steady investments over grow obviously think our of distributions. time portion to we income monthly our debt provides and pay the the First,
an regard, this rate our annual run per we $X.XX in share. earlier mentioned of monthly I distributions increased As to
we debt in with the purchase equity along Secondly, company. positions equity investment, securities and therefore we each portfolio own significant
be are other then December, distributed two the may are These point, in and could this not value of to debt stockholders distributions or equity a being to traditional third, first but of potential buy, the the the June the to in our other each equity, an XXXX. private transactions. the the in And business. again provider over share the supplemental the teams, and large increase of an of owners the the upon debt by capital believe, in our participation a with distributions. and company the lenders we a of Therefore, risk of usually and fund to provides provides BDCs most investment also our paid in companies and supplemental majority similar of an planned with equity life limiting and the we stockholders credit in the I the amount our which So gains portion income income such management we involvement exit. gains we And and common the $X.XX refinanced, on and interaction per have that of significant we of exercise we to only form as influence advantage
So our let's performance. performance XX, the Last made starting we scorecard with XXXX May initial ended some being the fiscal an the March results talk about year point. of report on
monthly the strategy. XX, XXXX. had XX, also regular this relative Now in from basis to these net XXXX per growth We touch NAV time share I'll provide March $XX.XX we XX, XXXX at assets, in through follows. to December increasing on on now our time share run XXXX XXXX it our from December XXXX. per annual by per XX, at we on $X.XX delivered increased and we our will The excellent from $X.XX were as buyout of performance going March highlights One, $X.XX, quarter. for $X.XX, continue highlights common quarterly a to our distributions share in about rate from October, $X.XX to by And of
March actually gains. net XX XX, So XX, we buyout XXXX, XXXX generating exited investments from significant through December capital have
we've been acquisitions. new obviously Now, making also while exiting
this you in will, XX have rotation with even if So today we portfolio. the companies
acquisitions, a it's and exits to process continue make acquisitions. So to of making also continuing good additional
will. a we a exit maintain each level further $X.XX the if to pay supplemental December breadth two portfolio common and we June continue of basis. and semiannual per distributions XXXX, you to allowed these of share, supplemental on us distributions of has these activity expect first So And
the versus So our assets, in exits, preserving the portfolio, monthly our we of talk will portfolio. you of or and portion if income must, guided capital the portfolio, going lot the that from gains assessing to produce the equity that continue sensitive sale, which managed strategy buyouts hold also with consistent distributions. with we forward return a clearly our would an new remain the be providing since on investment the by exit let's in continuing of risk these to exiting and as we portfolio turnover as and realized of for building We market conditions, does look to about investment I about the the
those equity total to buyout liquidity our return through Regarding achieved investments that X.X inception aggregate the which exits $XXX in increase times, net from of an about of on a created cash-on-cash December XXXX, million. of approximately assets XXXX events have our portion
competitive Now agreed investment the new the degree them, occur and in financing bankers terms. teams majority deal sponsors believe investments help of partnering obviously we debt on the high a call generation opportunities, of new that once secure investment purchase cost our financing business, proprietary deal other is priority from of the develop the and and these to that a primary perspective include includes gives that team a package, of very opportunities. our to we've create we independent and seller advantage comfort we as sources the management Generally, the have buyout the the it a activity provide continues a somewhat so the with new and and which equity, side, of purchase middle list to on both management will team on high investment as our market
to monthly returns adherence both as distributions. have supplemental us well we our believe consistent we've investment our distributions the to that thorough that regularly and process provide enabled these shareholder as So diligence fundamentals provided strict due in
we conducting on of due new are investment investments number a actively and reviewing diligence certainly announcements. We and forward look to new potential
what we're In allow of standalone this investments companies. assets we important addition the some these pursuing creation accretive while value billing accelerating the on for of of companies. acquisitions, for does call our This portfolio is add to new because actively existing
both we to further Degree on Brunswick the accretive to Bowling, During quarter this and took and period our for Nth we companies, to fund other add subsequent we had investment those an Schylling important two opportunity increase which investments in end, in companies. made
still conservative which expectation November, our is consistent believe was our and expected at ImageWorks, acquisition returns. we with buyout the the elevated are which paid given increases investments So, really competition operating for a historic perspective, a from and being in high regard prices of approach In closed value, latest environment where value we of challenge which financial is our deals, nature this the though new but in closing purchase we're returns. the a of
So stockholder returns? low loans produces those as a the what on portion our also debt debt cash a three equity time's which are our yield cash fee two of distribution in yield contingent carry secured the generally a returns business. current minimum of a investment the typically target change support which to balance that for expectations. and such a success generally component Well, The investment is is first to which are controls exit cash-on-cash is teens. yield and the the the to sale blended debt enhancement mid on has of typically These cash the equity lien investments primarily
fees in option. advance in it's However, these company's certain the be portfolio success and paid generally could circumstances
certainly and energy and and are EBITDA and aerospace and continue Our areas products manufacturing, the and specialty to and specialty in consistent but focus, Industrial generally of there services, with we investment products that in like we services, we really in do operating we cash The a interest consumer we have grow some will anything right at, to now. flow look generally area we have that invest and light operate don't expand. with companies potential
company of So fund opportunity of which the is new invested a quarter ending very investment one exciting. the activity, we in the quick at is recap display business purchase ImageWorks, and existing December investment product we buyout closed brands $XX also XX, for which end consumer as million portfolio. variety $X And in point I markets, a mentioned, approximately the with of of million
income. capital will continue realize the the undistributed portion anticipate the portion We as we and to the timing and the net manage net exits from plan, exits outlook, evaluate maximizing adding position accretive semiannual our generating expected both to continues mature gains of supplemental executing distributions investments distributions able to standpoint made from We supplemental we're our we're the income of our assets, for So are to of The execute these to semiannual shareholders. of where to equity the in as Directors while we distributions be and capital thus we undistributed portfolio and amount portfolio going grow our and investment the will generally paying continue gains. and the Board strategy. distributions
I'll over to on detail Ryan, for more So bit CFO financial now it Julia performance a the quarter. give pass Julia? the our to funds
