Logan Ridge Finance Corporation

Thank you. Good morning and welcome to the Logan Ridge Finance Corporation's first quarter ended March 31, 2024 earnings conference call. An earnings press release was distributed yesterday, May 8, after the close of the market. A copy of the release along with a supplemental earnings presentation is available on the company's website at www.loganridgefinance.com in the investor resources section. and should be reviewed in conjunction with the company's Form 10Q filed with the SEC. As a reminder, this conference call is being recorded for replay purposes. Please note that today's conference call may contain forward-looking statements which are not guarantees of future performance of results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of number of factors, including described in the company's filings with the SEC. Speaking on today's call will be Ted Kalthorff, Chief Executive Officer, President and Director of Logan Ridge Finance Corporation, Brandon Satorian, Chief Financial Officer, and Patrick Schaefer, Chief Investment Officer. With that, I would now like to turn the call over to Ted Kalthorff, Chief Executive Officer of Logan Ridge Finance Corporation. Please go ahead, Ted.

Thank you. Good morning and welcome to our first quarter 2024 earnings call. As mentioned, I am joined today by my chief financial officer, Brandon Satorin, and our chief investment officer, Patrick Schaefer. Following my open remarks, Patrick will provide additional details on our investment activity to date, and Brandon will walk through our financials. While I will keep my prepared remarks brief today and limited to a few key highlights, which Patrick and Brandon provide more detail on shortly, I would like to emphasize that during the first quarter of 2024, we continue to build upon record financial results we've generated in 2023. The first quarter results are highlighted by the quarter-over-quarter increases in net investment income and net asset value of 63% and 1%, respectively. Following the strong earnings we saw in 2023, Logan Ridge is off to a solid start in 2024, ending the first quarter with net deployment of $8.9 million and a robust pipeline. As a company's exposure to the legacy equity portfolio has continued to decline and its exposure to credits originated by the BC Partners credit platform have increased, the benefit to shareholders has been clear and is being reflected through Logan's strong financial results.

Furthermore,