this tactical during and The Favorable commodity Japan from market our trading. record product higher Thank along levels. of of proved the be currency quarter. third you, and outflows turning USFR over Jeremy, and Jono AUM third to our outflows ended guidance on business. AUM notwithstanding the Outflows we be hedged Jarrett record commentary $X.X for the the We our treasury conditions with quarter with rate quarter DXJ, observed quarter. were before call our headwind and a billion, product I'll forward-looking our covering updates to on additional largely ultimately our drove $XXX.X good billion to morning floating everyone. results
management active very remained front. also on the capital We
our World year retirement half, and Council, transactions, including the which last of accomplished from accretive preferred of highly we've Gold terms. the favorable delivered royalty a repurchase the obligation was on the stock and gold Over
share. stock for convertible no of This outstanding. million million which or repurchased we shares impact has XX% per remains Capital at no ETFS ETFS into threshold, $X.XX $XXX common approximately restrictions on stock and voting During from this XX.XX transaction quarter, preferred Capital's of shares had
pursue new to accretive to the to decision and of of us outcome. through issuance convertible preconditioned in portion our retire ability Our a currently on us which to money. notes, XXXX notes repurchase the raise This the opportunity our afforded maturing substantial achieve this financing required were was in
X.X of stock common repurchased in also raise. We the our connection million shares with
all The from together, used X% and X.XX% convertible Taken rate and by to proceeds raised reducing $XX $XX.XX. our million, from notes, transaction. accretive X.XX%, we the diluted ultimately $X.XX led the of to to from financing million approximately price a shares conversion the incremental interest an reduce were $XXX while increasing to
drive growth EPS Our and record further AUM revenue continues while expanding actions growth. accelerate management capital to margins,
slide. Next
represents of when year-to-date from substantial the our representing during quarter XX.X% further the second quarter, May our by was up grown margin $XXX.X operating revenues away meaningfully AUM. basis year points which European-listed expansion expense million buyout, quarter, organically, of year of of a accomplished our XXX and revenue royalty increase for versus includes adjusted providing ratio, adjusting XXX basis, the prior higher XX% were have prior adjusted gold in revenues revenues X.X% and year were the over XX.X% other year. approximately adjusted revenue and grown which Our was The the points driven an versus basis higher quarter, from the comparison versus last attributable capture diversification.
On over have products, also our to prior average impact the
per share. $XX.X was net income adjusted million Our quarter $X.XX for the or
slide. Next
guidance. forecasted few Now, on our comments a
year-to-date. Our discretionary spending million was $XX.X
fourth of quarter to the Prime spend year. We $XX range associated million remainder on previously million $XX is range to WisdomTree marketing largely and from $XX $XX to spending guidance over seasonality million, considers also with the are of full our narrowing the million. year dependent discretionary magnitude The
Our million, facilitate guidance as stock repurchase from annual to to adjusted interest debt as shares expense $XX due X of well million, is stock to the repurchase raised incremental of the preferred $XX being well. ETFS million of be updated approximately Capital as the common previously
the adjusted related which are repurchased we under shares expense rate reminder, last the to World Gold from run financing Our about Council quarter, our impute November. a interest $X per interest interest to GAAP, costs should million be required free is excludes of we
the during quarter quarter. million impact average of our fourth million the XXX be guidance to $X million diluted anticipate full year-to-date about in our into shares Our was assets. year be XXX.X based for interest average weighted and million, interest the million were forecasted income the taking million, third to $X.X XXX income shares to weighted We consideration upon of earning quarter, previously And our million $X the diluted interest shares updating August. repurchased our a in the are we XX magnitude
a does As not shares consideration convertible variability associated into this any notes. in our take with guidance reminder,
tax will call third-party over Jarret. to guidance quarter.
That's turn from all now gross last remains I the distribution and unchanged compensation, Our margin, have. I
