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Nicholas Franco | VP |
Michael Moe | Co-Founder, CEO, CIO & Chairman |
William Tanona | CFO, Treasurer, & Secretary |
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the GSV Capital Corp.'s Third Quarter 2017 Earnings Conference Call. [Operator Instructions]. This call is being recorded today, Wednesday, November 8, 2017. I will now turn the conference over to Nicholas Franco, Vice President at GSV Capital. ahead. go Please
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million XXXX, on Board we Capital's As share repurchase a of August Directors GSV $X authorized announced discretionary X, program.
end the quarter, $X.X X, third of the an million. approximate XXX,XXX for for $X.X additional quarter During and repurchased million. Capital company GSV stock XXX,XXX through stock common Capital GSV repurchased shares the common November of company After shares
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better shareholders' incentive results management our balance As part our our ending XX, as voluntarily fiscal notes. reviewing Management incentive expense and basis cash the We to objective to has management fee noted the its ongoing efforts, the well. GSV management formula quarter Board and earlier, Furthermore, over as the Asset fee announcing December on for points implementing fiscal of of XXXX with sheet. agreed XX million reduction revised interests. $X.X year for waive convertible Shifting by our a prior Capital's are with fiscal and formula ended anticipate We to align of the to liquidity year third fee the Directors GSV XXXX.
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So with follow Anybody you. questions, has our very offices. Thank any you much. we'll up thank in
your does participation. that conference. conclude thank We today's for And you
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