Bryce Rowe: Okay, that’s helpful. And then maybe one more for you, Mick, just around credit quality. I mean obviously, you had a pretty steady non-accrual number, and I think 1 investment kind of makes up the bulk of what’s left there in that non-accrual bucket. But beyond that, can you talk about maybe any kind of positive or negative migration you saw within the quarter and how it might relate to kind of internal risk ratings.
Mick Solimene: Yes. So, we did make further — a little bit more further progress on non-accruals during the quarter. We received about a $600,000 of pay down on Bluestem Brands, which is one of our four non-performers. So, pleased with that. In terms of portfolio migration during the course of the quarter, if you look at our rating distribution, we were up about $7 million or $8 million in our three rated category during the course of the quarter. So, we had a couple of a few credits that migrated into our three rating during the quarter. You recall that we rate deals on a one through five basis, but had a few names migrate into the three category during the quarter. But overall, I feel really comfortable with the quality of the portfolio, the coverage ratio on an interest basis at our portfolio companies are reporting and believe that the portfolio is generally sound.
Bryce Rowe: Okay, that’s helpful. And then just maybe a follow-up to that, Mick. What — the ones that did migrate into the three, what — is there — I assume that’s idiosyncratic. What’s going on there that–
Mick Solimene: Yes. So, good question. So, the oil companies are still experiencing some effect from rising input costs, rising freight costs, things like that. So the companies that have migrated in that kind of three category have seen some margin impact because of that. And in those cases, those companies are very, very focused on margin improvement by the kinds of actions that companies typically take, passing price increases ultimately along to their customer, strategically reducing costs or things like that. What you don’t see in our kind of broad portfolio risk rating distributions that we actually — also during the quarter had migration out of the three into the two category as some of our companies that experienced some of the early effects of inflation and supply chain, we’re able to effectively pass along price increases, execute strategic investment initiatives and get margins kind of back in line.
So, we continue to see kind of an evolving landscape as companies adapt and adjust to market in economic conditions.
Bryce Rowe: Got it. It makes a ton of sense. Appreciate the comments this morning. Thanks.
Mick Solimene: Thank you.
Operator: And with no other questions at this time, I’d like to turn things back to the company for closing remarks.
Theodore Koenig: Thank you all for joining us today. We enjoy the conversation as well as the questions and we look forward to speaking again next quarter. So, be safe and we’ll speak to you soon. And like always, to the extent anyone has any questions in the interim before our next quarterly call, feel free to reach out to Mick directly. And we’re always willing and wanting to engage. So, thank you all. Have a good day.
Operator: And that will conclude today’s conference. Again, thank you all for joining us. You may now disconnect.
