Paul Johnson: Yes, thanks for taking my questions this morning. I only have a few on the mark for Edmentum this quarter is down $0.13 or so on the slide you guys gave, what drove the mark lower was that just comp valuations or anything specific with the business?
Laura Holson: Yes. No, Edmentum overall continues to be a good performer for us, right, particularly when you think about just the history of that business. And so I would say the markdown this quarter is a little bit more consistent with just the overall M&A environment that we’re in, where valuations, we think, have come down for some of the – for some industries. And so we are just kind of taking it down in sympathy a little bit with that, just as we look to fair value all of our positions every quarter.
Paul Johnson: Got it. Thanks. And then just for the SLPs, for all the joint ventures I mean as far as kind of future quarters go, I know income has been obviously growing from those investments, but is this a good around 8.6 million or so is kind of what I have for third quarter. Is that a decent run rate from what you think you’d be getting off the JVs? Or is there any sort of one time stuff in there that you expect it to be slightly lower?
Laura Holson: Yes, there’s no massive one-time items. Obviously, we’ve seen good benefit from the SLPs in particular, just the benefit of the rising rate environment given all those underlying assets are floating rate. But as rates start to stabilize, it seems a little bit. I do think that’s a reasonably good estimate. All the JV SLPs and also net lease, they do move around a little bit, just naturally quarter-over-quarter, but I think it’s a relatively good indication.
John Kline: One thing that’s been going on in the LLF [ph] JVs is because those are first lien syndicated loan assets. Over the course of the year, we have been able to trade out of lower spread names and buy higher spread names at similar dollar price. And that’s been very helpful in driving better yield. So we feel very good about what we’re doing in that fund and we continue to see good opportunities to enhance the yield of portfolio without taking increased credit risk. So these are exciting little mini funds within NMFC.
Paul Johnson: Got it. Thanks for that. That’s all the questions for me.
Operator: And this concludes our question-and-answer session. I’d like to turn the conference over to John Kline.
John Kline: Great. Well, thanks everyone for joining our third quarter earnings conference call and we look forward to speaking with you next year. Thank you.
Operator: The conference has now concluded. Thank you so much for attending today’s presentation. You may now disconnect.
