The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ed Silva - Spartan Investment Group, LLC - Analyst
: Hey, good morning, and congrats on the many buyouts in the last few months. Just digging into -- there's some fair value adjustments. So looks
like one of your loans went delinquent in the quarter and [Amerigroup] $1.9 million? Am I reading that correctly? And what's the outlook for recovery
amount?
Question: Ed Silva - Spartan Investment Group, LLC - Analyst
: Well, if I compare the two quarters, it looked like it was $1.9 million extra this quarter, that was classified as a --in terms of fair value adjustments.
Gaurav will answer your question.
Question: Ed Silva - Spartan Investment Group, LLC - Analyst
: Okay. So is the $1.9 million, because there was one extra delinquent the company in the quarter, right? And is the $1.9 million --
Question: Ed Silva - Spartan Investment Group, LLC - Analyst
: Okay. Okay. No, it's just -- it looks like a good quarter, or I mean decent, I mean. But if I look at the three months, there's a $6 million -- $6.1 million
adjustment to fair value. And so, is that -- so is the way to think of that is that some of the stuff that you had marked -- you mark a lot of stuff to
market, right? So is it that some of your equity investments that you didn't crystallized yet?
Question: Ed Silva - Spartan Investment Group, LLC - Analyst
: Yes. No, that makes sense. Okay. Well thanks for the color. I mean that's the complicated part of your financial statements for sure. So thanks for
the time on that, and I'll follow up later.
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