Thanks, Baer, and hi, everyone.
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our XXXX this published to Turning earlier guidance, which morning. we
year. the year-end levels that a assumes guidance half the levels relatively flat half through first of upturn with modest XXXX the of remain to AUM second Our in
well impact acquisitions and the of Trove Fabric. business investments reflect the as of as our in Burgiss, ongoing expenses Our our
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our Our approximately existing and the balance year. guidance $XXX of interest credit the million of assumes refinancing expense reflects facilities outstanding for the remains
the Our guidance effect are OECD statutory into windfall highlight and our higher outcome fourth cash this growth. a late position expectation positioned the like of a we tax related smaller the remain that goes And received drive favorable subject minimum well rate of slightly a lastly, quarter. guidance slightly reflects benefits.
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Overall, flow a in
Our client-centricity position you multiyear XXXX, strength operator, posted for and please on us for investments start look that, to our forward to and line progress.
With open the we keeping questions.
