results. like to quarter I June ended XXth, earnings for our for today you, call would Good everyone Gamma's Thank AFC thank us discuss morning joining welcome to XXXX. Gabe. and to the
quarterly to Turning results. the
weighted second share per the distributable common of Gamma XXXX, stock. of generated AFC of basic earnings average quarter For $X.XX
quarterly AFC dividend. considers declared Directors The the share is a primary As metric per Board $X.XX quarter. Gamma's earnings declaring a reminder, June when that dividend of Board the distributable the for
we or paid distributable public, $X.XX market share. view a Gamma dividends just mid-XXXX met going generated volatility and per in to quarter Since rate deploying in taken interest dividends AFC that the earnings given have out conservative capital. has and have our Since exceeded each
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formation The assets these promising. capital around is
believe to continue We that states Ohio there name few. to Georgia, in Canada Arizona, and Missouri, a investable are including Maryland,
believe of end, we quarter well-capitalized to newly of operators cannabis a $XX that license to assets million private consolidate one company approximately continue key new in Subsequent investment limited formed valuable to we funded the M into will states.
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million credits. June and/or sold have now monetizing which these prepayments exposure par credits, principal and of describe select we I in collateral the select in end, detail. We've subsequent received to these active quarter will debt we've During been further to quarter reduce -- in underperforming at to $XX.X released
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As during closely company monitoring discussed flow continues we G last we were quarters, cash have private which the to have challenges. several
private company monthly which month paid any of arrears G pays June not remaining and they While and its interest now cash full interest interest pay the for days due. XX past did are
lay the to CFO. team their and they including off July, during Additionally, management CEO the decision made
engage and Jersey. their look to cultivation inject the in we private to G's restructuring have build-out specific continue may forward to we the in to however their full capital We of put with about additional prospects the near-term Jersey, the September. complete remain We New team, for nonaccrual need on excited project New facility full in While them to optimization June. company month of
initiated the a reduce to asset, respect we've this proceeding Pennsylvania three consensual In order borrowers' with dispensaries. foreclosing our to underperforming exposure to
of cash under a used the prepay We expect outstanding of that the principal be facility. to the credit portion net auction our public will proceeds
contact should UCC Article in September parties Group the participate nine to is which interested All auction X. foreclosure for PPL scheduled
of they that Jersey has towards certain operations. assets payments contribute expansion G company noncore its private sell Additionally, and interest us New noncollateral to its intend to told
cannabis capitalized calls, of cannabis industry. operators in phase we believe there are and next market are past entering advantage newer environment to have incredible we we investing market As current are in take said begin of well pleased the that this to the
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