Erik Zwick: Thank you for that — the detail there. That was very informative. One last one for me and then I will step aside. Curious if you could expand or provide a little more detail into the term and I quote similar with regards to the supplemental dividend, curious if you have a methodology in mind for how you determine that on a quarterly basis. I know a number of other BDCs have come out with some sort of percentage relative to adjusted NII to the regular dividend, curious if you are thinking about it in a similar fashion or maybe some other way?
Tom Raterman: Well, at this point, when we came into 2023 with a bit of a spillover, spill-back dividend and as the Board looked at it and we looked at the portfolio as it stands today and the cash flow that’s coming off of it, the thought would be to stay in that $0.05 range for the balance of the year. So no formula at this point, we will see as we to spend a full year now to get the top end or close to the top end of our leverage range.
Erik Zwick: Thank you so much for taking my questions.
Operator: Thank you. Next question comes from the line of Bryce Rowe with B. Riley.
Bryce Rowe: Hi. Thanks. Good evening. I wanted to maybe ask the dividend question a different way and hearing the supplemental being put in place here, I assume that does not preclude you all from further kind of regular base dividend increases as we work through 2023?
Tom Raterman: That’s correct. That’s a good assumption.
Bryce Rowe: Okay. That’s helpful, Tom. And then, looking at, I guess, the revenue stream here this quarter, I think, in past presentations, you have kind of broken out what prepayment income would have been and perhaps there just wasn’t much here in the fourth quarter. But just curious if there’s a component of prepayment income within the interest income bucket?
Tom Raterman: Not really significant. The prepayment fees were, as you can see, about just under $700,000. But there wasn’t a significant amount of prepayment in the fourth quarter and we kind of expect that to be the status quo for the near-term.
Bryce Rowe: Okay. Okay. That was it for me. I appreciate the answers.
Tom Raterman: Sure. Thanks, Bryce.
Operator: Thank you. And that concludes today’s Q&A segment. I would now like to hand the call back over to CEO, David Spreng, for any closing remarks.
David Spreng: Thank you, Operator. We believe that our success in 2022 is validation of the execution and investment strategy we pursued. While we expect a challenging backdrop during the next year, the Runway team and myself are confident in our ability to generate stable earnings and drive shareholder value in any market environment. Thank you all for joining us today and for your support and we look forward to updating you on first quarter 2023 results in May.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for participating and you may now disconnect.
