Dave Dullum: Well, Kyle, I think other than the ones who we sort of specifically talked about, as Mickey was asking, we are not seeing any stress, obviously, the some of the companies, as you well know, most of our debt has a floor, not most, in fact, all of our debt has a floor. So where we have been at LIBOR plus, the way we structure our deals, LIBOR really has to start moving up pretty dramatically before you start getting above the floors of the €“ on the actual loans that we have to our portfolio companies. And we have seen that obviously, a bit in a few. And as Rachael mentioned, we have seen some of the increase in net investment income as a function of having slightly higher interest coming in. But overall, we have not seen stress on the leverage of the individual portfolio companies, that is necessarily putting any of them in any real concerns at this point, so.
Kyle Joseph: Got it. Helpful. And then just one quick follow-up on the Old World Christmas, recap just, give us a sense for the timing, the rationale and how that impacts the overall capital structure of that company?
Dave Dullum: Okay. So, this is the second time we have recapped Old World Christmas, actually. And the timing of that, we did it right near the end of the year, in December. And that’s extremely strong company with its EBITDA, its leverage was very low. And so it was an opportunity. And it’s a great company, the management is very good. So, it was an opportunity, frankly to be able to, for us to put some more money to work, take some as I mentioned. We get some fees, obviously, from that and also it happened to lend itself to a capital gain perspective. So, the good news about that company as well, to some extent, you have a pretty good idea where the year is going to look early in the calendar year, in part because of the nature of its business.
So again, I don’t know what else Kyle, I can tell you on that other than, it was a great opportunity for us to be able to do another dividend recap. It allowed some of the management who have ownership position in it as well to get a bit of a reward. And then in turn, likewise, we can make a distribution to shareholders also.
Kyle Joseph: Yes. That’s very helpful. Thanks a lot for answering my questions.
Eric Purple: Next question.
Operator: Thank you. Our next questions come from the line of Bryce Rowe with B. Riley. Please proceed with your questions.
Bryce Rowe: Thanks. Good morning everyone. Maybe wanted to just start with kind of a simple question around the portfolio yield. I am just curious, when €“ maybe when the floating rate loans reset from a base rate perspective. Did they reset after the end of the year, in early January? And do you expect kind of continued yield expansion out of that floating rate debt portfolio?
David Gladstone: Yes. Bryce, I will try to give an answer and then Rachael can add to that. It’s sort of automatically, I will say happens. I don’t €“ rate rates are starting to now it looks like maybe if not just go down, certainly stabilize. So, I am not sure we are going to see a lot more expansion in that regard above kind of where we are now with those that have gone above our floor. Rachael, do you have something you want to add to that?
Rachael Easton: Yes. So, we went over the floor late last year. So, most of our €“ as Dave mentioned portfolio has a floor set in place, most around generally 2%. So, really in this quarter, we did see that increase in LIBOR lift our overall yield.
Bryce Rowe: And Racheel, just from a time €“ go ahead David, I am sorry.
