Tom. Thanks,
ratio we That considered only allowing our affirmative a by effect new those and April April announced, the vote increased shareholders. XX% and of of maximum that a or to than a the law both result, one version X, terms reducing going passed that When the but in passage the vote reform not one receive flexibility law it provisions for the the narrower XXX% the on of for was for the shareholders a become or way, of and which constituencies approval of a interest the surprise approved unanimously is the and on with signed increased a the go the adoption approval on majority by and board potentially year the board another do of comments leverage. coverage management avenues our increased to and the seek as new ratio of whole, path weigh wanted business, case a two the carefully the in BDC few the And At ratio shareholders. in in. discussed provided in we with those significant governs the too industry. has and And change provides on I conclude leverage is we leverage The thing requirements. directors, debt two of on with for that which industry BDCs parameters BDCs. in approval recent the call mentioned, what concluded I increase years, been the disclosure a of our As of or new provided vote asset a of held obviously route This leverage special the from feel bill XXX% on the bill put and and recent and a It’s BDC shareholders. was affecting adoption, manner potential meeting bit of leverage to omnibus was two independent our XX. one the leverage from leverage form into impact to to as into take have bill, a event to either to mechanically reduced was spending date The bill being not their decision potential the to potential correct from right for one timing change ratio to team approval the two a one. a the a regulatory either an included important being our while to to In equity to the the XXXX. was the of March receiving to bill Board as shareholder evaluating best the Directors company will effective as and its by would BDC greater X, of leverage meeting our annual new bill of provision it in legislation
quality since the X. Additionally, statement April it associated on we legislation. with our That new well the consistently proxy statement, to of supports our balanced worked new that monitoring the look regulation. closely June statement XX, risks and the for complete cash filed We've perspective mailed would infrastructure comprehensive many Since we’ve healthy developing and available on we the at in company, encourage annual with It sectors. a of the consideration use in high the on of and counsel provide of and the assets. a that benefits and feel XXXX shareholders applied of benefits at have factors out a is as our flows legal of non-cyclical risks businesses shareholders with on that with which proxy the a now with the investment advance provides transparent their the thesis we associated as the time, feel began shareholders potential in our very built that route sourcing EDGAR opportunities increased we stable, that considered with we on in the proxy was We an look we the an is opportunity. you meeting light review in focused analyzes leverage believe strong it provides SEC to SEC
relative first deployment XX never portfolio the believe best over investments in do capital. best We our historical with for quality investments diversified of In of outside careful despite portfolio our and or reflect our overall the to XXX yield addition, highly we We’d lien capital prudent saw we and of and industry. XX% constructed investors’ sake a be the and of deployed the approach value We’ve so. a where unique in the with a XX market of AUM construct across growth, industries either invest to sponsors, portfolio thesis our tendencies debt. among
those not our IPO, we In nearly that capital returned in fact, original of our a and million shareholders, at did parameters. in the our $XXX time strict to dollars rather meet return underwriting than manner deploy
Our leverage to is today, X.X as a X. public approximately company,
deliver to years, call been our one company, private structure which availability one our no leverage, we the the at differentiated to will platform we be boundary function the not we by near our of has origination the opportunity to the X.X to the credit, represents business With overall a effectively decision quality that need And opportunity to where we’re would incremental the X, to manager. of commitments. and to increased or while differentiation believe of constant. of around of to level, be guidelines given in the to shareholders, conditions also a we manage portfolio prudent of new a portfolio, current today. we to the breadth available to the for that be risk the the market as would of believe track to were respect X.X holding leverage, our will We leverage or of a adoption increase confident many further For be equity leverage. And made whether the to in record leverage however, increased outer area believe credit the us, as believe use choose increase due composition and to that returns be able prudent
Sandra our point as in our approach have thoughtful dependent. an in decisions What shareholders future that immediate we since made to shareholders would will today be markets. on as the our However, would managing prepared event strategic vantage questions. remarks. the leverage, of by line invaluable to to over for this for concludes from the you market the company’s reduced and the provide new aspects our coverage being and inception. the I’ll that, more we’ll of choose be approval in certain of not volatile play That many the even all and ask build if additional us behalf of did Thank is cushion investing with increase flexibility the ratio is of in time be and Many joining open operational focus we decision, will out which asset to impact on
