GEG waived all accrued incentive fees at the BDC, and we started with a clean slate under Matt's leadership. Matt Kaplan was appointed as its CEO and 3 new directors were appointed to the Board. In March of '22, key management changes were made at Great Elm Capital Corp. Let me walk you through some key highlights. We spent the last year taking deliberate steps to reposition the company, to simplify the balance sheet and to position the organization for growth. I am thrilled to report as of today, Great Elm Group has completed its transformation from a diversified holding company to a focused alternative asset manager.

Welcome, everyone, and thank you for joining us.

I will now turn the call over to Jason Reese, CEO. On the call today, we have Jason Reese, our newly appointed CEO Adam Kleinman, President Nichole Milz, COO and Brent Pearson, CFO. To obtain copies of our SEC filings, please visit Great Elm Group's website under Financial Information and select SEC Filings. Reconciliations to the most comparable financial measures are included in our earnings release. In addition, during today's call, management will refer to certain non-GAAP financial measures. Great Elm Group does not undertake to update its forward-looking statements unless required by law. Today's conference call includes forward-looking statements, and we ask that you refer to Great Elm Group's filings with the SEC for important factors that could cause actual results to differ materially from these statements. A link to the webcast is also available on our website as well as in the press release that was disseminated to announce the quarterly results. If you would like to be added to our distribution list, you can e-mail GEG or you can sign up for alerts directly on our website, The slide presentation accompanying today's conference call and webcast can be found on our website under Events and Presentations. As a reminder, this conference call is being recorded on Friday, May 5, 2023. Thank you for joining us for Great Elm Group's Fiscal Third Quarter 2023 Earnings Conference Call.

I would now like to turn the conference over to Adam Yates, Managing Director. At this time, I'd like to welcome everyone to the Great Elm Group Fiscal 2023 Third Quarter Earnings Conference Call. My name is Regina, and I will be your conference operator today. ( NASDAQ: GEG) Q3 2023 Results Conference Call 9:00 AM ET

Down by Mark Adam Kaplan