in as for to $X.X third to $X.X income million $XX increased the million of fees income $XX.X a interest as earned of earned fees increased fourth the sequentially Net quarter million. compared Gross on quarter. X% such million prepayment of during result interest the repayments Peter. Thanks,
approximately new loan deployed of million in we $XX a yield average at principal weighted XX.X%. maturity Additionally, to
well by deployments in The prime approximately XX% XXXX, increase bears throughout impacting income interest as net rate the new of that basis the from growth. portfolio a as variable our XXX rate portfolio year, increase point the the XX%. impact of driven year-over-year was For the increased resulting
to fees Additionally, during million to XXXX. compared prepayment interest XXXX million $X.X were during total recognized income $X.X
fee million million the administrative general, primarily way fees in XX-month rolling Total highlight operating $X.X to expenses. quarter from the credit before professional increased incentive of million $X.X XXXX throughout incentive $X.X in fee fee incentive incremental that calculation paid from expenses the increase XXXX. I'd losses QX quarterly of for the in as to larger well like third fiscal provision a year will approximately contribute and the similar as
fiscal losses year in increased and consistent management operating distributable year-over-year the and stock-based total fees For $X.X the due at for net increase before administrative Professional and provision expenses. fees approximately million compensation with the aligned XXXX, in earnings million remained an credit million. primarily general, $X increase in expenses to $X.X increase incentive
and XX, reserve determination quarter million compared as and as reserve CECL for respectively. of $X.X offset attributable Our reversals principal with and quarter XXXX, the of XXXX, million The by December the fourth of is approximately XX, the XXXX, during reserves on $X included considered December XX repayments new was full the $X.X repayment numbers to received which million fourth loan originations. XX, and XX prior September quarter,
collateral. of principal of as estate partially the outstanding portfolio the a for portfolio with no real XX% of relative or collateral. is risk the our as X.X% XX. size remains outstanding the basis, secured XX XX. of X quality estate with having by credit principal stable December based remaining losses real X% Approximately secured better is of represents fully reserve Credit December portfolio of September rated On XX% XX% and on
Our had coverage a average weighted basis portfolio real collateral estate of on X.Xx.
distributable ended X.X%. year-over-year share for the January, of share $X.XX special which Adjusted adjusted per for $X.XX per QX QX is a XX, of $X.XX was regular average distributions per XX.X% and share, dividend we of dividend $X.XX weighted increase December $X.XX diluted distributable year representing plus earnings of XXXX per XXXX, a approximately Total weighted distributed share. in earnings a dividend share. In amounted average to per
as value XX. sequential $X.XX is Our book $XX.XX per primarily of in book special declared was QX. December share $XX.XX with per attributable value to compared of as share decline dividend XX September in The common the
year, excess we Lastly, Similar requires to special on that requirements, per for dividend our are to like dividend shared a meet based a XXX% to maintain last requirement guidance If in year. the would payout regular to highlight ratio income expect meet earnings we expecting share I'd for additional taxable distributions the quarterly of distributable dividend XXXX. in to XXXX. XX% with we the our of QX taxable full income to
to ready now questions. we're Operator, take
