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5/4/2023
Steve
Company Executive
pack for you when that property was paid off? Thanks.
Name Not Provided
Finance/Accounting Representative
Yeah, I'll take this one. So we've carried the loan at $57 million through the balance of this workout. So any proceeds above that are effectively recognized as income at the resolution. So the short answer is yes, that'll show up as positive income for us. in the second quarter because we accrued nothing along the way until we had certainty on resolution. So that'll be a second quarter item for us.
Steve
Company Executive
Nice. Okay. And is it premature to ask you whether that will be, obviously it'll be in GAAP. When you think of the nature of that recovery or however you want to describe it, do you think that would impact your distributable EPS? Yes.
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