Good morning, and welcome to Logan Ridge Finance Corporation's third quarter ended September 30th, 2022 earnings conference call. An earnings press release was distributed yesterday after the close of market. A copy of the release, along with supplemental earnings presentation, is available on the company's website at www.loganridgefinance.com in the Investor Resources section and should be reviewed in conjunction with the company's Form 10-Q filed with the SEC. As a reminder, this conference call is being recorded for replay purposes. Please note that today's conference call may contain forward-looking statements which are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings with the SEC. Logan Ridge Finance Corporation assumes no obligation to update any such forward-looking statements unless required by law. Speaking on today's call will be Ted Goldthorpe, Chief Executive Officer, President, and Director of Logan Ridge Finance Corporation, Jason Roos, Chief Financial Officer, and Patrick Schafer, Chief Investment Officer. With that, I would now like to turn the call over to Ted Goldthorpe, Chief Executive Officer of Logan Ridge Finance Corporation. Thank you. Good morning, and welcome to our third quarter 2022 earnings call. As mentioned, I am joined today by our Chief Financial Officer, Jason Roos, and our Chief Investment Officer, Patrick Schafer. Following my opening remarks, Patrick will provide additional detail on our investment activity to date, and Jason will walk through the financials. To open, I'd like to remind shareholders that back in August, when we reported our second quarter results, we told you that the second quarter of 2022 was transformative for the company and that the fruits of our labor will begin to be evident in the performance of the company during the second half of 2022. Fast-forward to today, I'm pleased to say that the company has reported its first quarter of positive NII under our stewardship, a significant milestone for the company. While Patrick will provide additional details on the portfolio, I would like to highlight that we believe Logan Ridge's portfolio is strong and substantially de-risked, having increased diversity from 32 portfolio companies when we took managing the portfolio on July 1st, 2021 to 54 portfolio companies as of September 30th, 2022. Similarly, we've been averaging down our hold size from $7.2 million when we took over last July to $3.6 million as of September 30th, 2022, effectively halving our average credit exposure to our portfolio companies. Further, with our new credit facility and our current credit leverage, and our current leverage capacity, we believe we are well-positioned to continue growing the portfolio and capitalize on opportunities arising from the current credit environment, which we believe will ultimately produce a very attractive vintage. Accordingly, over the coming quarters, we will remain laser-focused on prudently growing the portfolio and increasing leverage such that we achieve our target leverage ratio of 1.3x to 1.4x, which will further increase our earnings power and improve our overall financial performance. As always, though, we are carefully monitoring the current economic environment, the impact of rising rates on our portfolio companies and the broader credit market. To wrap up my prepared remarks, I would like to reiterate management's belief that we've successfully righted the ship, and our top priority moving forward is increasing the company's profitability. With that in mind, we are cautiously optimistic that the company will be in a position to return to paying a quarterly dividend during the first quarter of 2023. With that, I will turn the call over to Patrick Schafer, our Chief Investment Officer. Thanks, Ted. As of September 30th, 2022, the fair value of our portfolio was approximately $193.1 million and consisted of 54 portfolio companies. First-lien debt represented 61.2% and 61.9% of our total portfolio on a cost and fair value basis, respectively. This compares to 54.4% and 49.6% of the company's total portfolio on a cost and fair value basis, respectively, as of December 31st, 2021. At quarter end, our debt investment portfolio represents 79.4% of the total portfolio at fair value and had a weighted average annualized yield of approximately 8.9%, excluding income from non-accruals and collateralized loan obligations, or 9.7% when excluding our debt securities on non-accrual from both the numerator and denominator. This compares to a debt portfolio which represents 75% of our total portfolio at fair value, with a weighted average annualized yield of approximately 8.7%, excluding income from non-accruals and collateralized loan obligations, or 9% when excluding our debt securities on non-accrual from both the numerator and denominator at the end of the second quarter. Going forward, we would expect the rising rate environment to continue to benefit Logan Ridge, as 76% of our assets are floating-rate, compared to only 41% of our liabilities. During the quarter, the company continued to judiciously redeploy capital generated from exiting the legacy portfolio. Specifically, the company made approximately $36.7 million of investments and had approximately $17.1 million in repayments and sales, resulting in net repayments and sales of approximately $19.6 million for the quarter. Thus, our investment portfolio as of September 30th, 2022 consisted of investments in 54 portfolio companies with a fair value of approximately $193.1 million, or an average investment size of $3.6 million. Our non-yielding equity portfolio as of September 30th, 2022 decreased to 17.6% and 17.0% of the portfolio on a cost and fair value basis, respectively. This compares to 21.7% and 21.4% of the portfolio on a cost and fair value basis as of the second quarter, and 27.1% and 32.6% of the portfolio on a cost and fair value basis as of December 31st, 2021, which marks a substantial improvement. Additionally, subsequent to the quarter end, we exited Burke- America Parts Group, LLC at the September 30th fair value, further reducing our non-yielding equity portfolio to 15.6% of the portfolio on a fair value basis. During the quarter, we had no new non-accruals. Additionally, the company ended the quarter with $11.3 million in cash, as well as $29.2 million of unused borrowing capacity available for deployment, investments originated by the BC Partners credit platform. I'll now turn the call over to Jason. Thanks, Patrick. Turning to our financial results for the quarter ended September 30th, 2022. As Ted mentioned, we recorded net investment income of $200,000 for the quarter ended September 30th, 2022. This was a substantial improvement compared to the prior quarter net investment loss of $900,000, which represents a $1.1 million increase in income this quarter. This was largely driven by a $400,000 increase in total investment income, a $600,000 reduction in interest and financing costs driven by work we did refinancing the legacy capital structure, and a $100,000 reduction in general and administrative expenses. During the quarter, we reported a $5.2 million realized loss on investments, partially offset by unrealized appreciation on the portfolio of $2 million. The realized loss was almost entirely due to Logan Ridge's exit of our former portfolio company, Vology, Inc., which had no NAV impact during the quarter as our fair value estimate in the prior quarter was consistent with where we were taken out. As of September 30th, 2022, our net asset value was $98.2 million, or $36.21 per share, as compared to $101.1 million or $37.31 per share at the end of the second quarter of 2022. Finally, as Patrick mentioned, cash and cash equivalents as of September 30th, 2022 have decreased to $11.3 million compared to $29.5 million as of the prior quarter, largely attributable to the increased deployment throughout the quarter. With that, I will turn the call back over to Ted. Thank you, Jason. We are proud of the significant milestones we've achieved to date and are looking forward to further increasing the company's profitability. Thank you for your support. This concludes our prepared remarks, and I'll now turn the call over to the operator for any questions. At this time, in order to ask a question, press star one on your telephone keypad. We'll pause for just a moment to compile the question and answer roster. Your first question comes from the line of Christopher Nolan from Ladenburg Thalmann. Your line is open. Hey, guys. Jason, were there any non-recurring items in the quarter? Thankfully, I think this quarter you'll see a lot of normalization in the numbers from previous quarters. Last quarter, we had about $230,000 of, you know, excess expense related to some of the interest expense coming through on having multiple, you know, matured debt that we paid off last quarter. This quarter, we don't have that. The general administrative expenses have come down largely because we've normalized our legal costs. Long-winded way of saying, no, I think this quarter is a pretty good run rate on the expense side. You're starting to see some of the benefit of the deployment that and some of the rate rise that impacted the portfolio during the quarter on the revenue side. Great. Also, congratulations, everyone, for getting back to profitability. I mean, it's a long road and a lot of credit to all of you. On that note, what's some thoughts about where leverage goes? Given that, what do you think you're gonna do with this $75 million credit facility? Because it seems to be small. Yeah. Hey, Chris, it's Patrick. I think similar to our other public deals, we think the leverage range is kind of in the 1.3x-1.4x. If you kind of do that math, you get decently close to the top of that facility kind of as is. That kind of is sort of our expectation over some period of time, and the speed with which we get there will depend a little bit on kinda some exits and things like that. Additionally, we have upwards of $100 million accordion on that facility that we theoretically could tap at some point. For now, at least kind of our kind of stated leverage range, we would get to, you know, pretty close to the top of that facility, and that was kinda how we designed it originally. Great. I guess strategically, now that, you know, it seems that you have the wind at your back and the earnings, is it fair to assume that we're gonna have profitability in future quarters? Yeah, it's our expectation. I mean, it's a good question. I mean, with rising rates, increased deployment, and obviously refinancing our debt structure, and obviously our, you know, as Patrick mentioned in his prepared remarks, you know, we have more floating rate assets than we have floating rate debt. So all those factors, absent, you know, a one-off expense to your question, we expect to have tailwinds to our profitability. Because it seems to me that this $0.07 could be at least some sort of benchmark run rate going forward or somewhere in that vicinity. I mean, am I thinking completely off? I mean, as per other vehicles, you know, there is a lag to when we get the benefits of LIBOR. I think we would hope to achieve more. Let's put it that way. Yeah. I think the other thing going on, particularly with Logan here is starting kind of in around May when we refinance out the credit facility and all the liabilities, we sort of continuously been increasing assets and investments from that point on. Theoretically, kinda your ending quarterly balance is a higher terminal velocity than sort of the average over the quarter. We generally speaking, should be benefiting all else being equal from both the rate environment as well as kind of continuing to add, be a net adder of assets during the quarters. Yeah. I'd just say, you know, along all these lines, and I know this is not your question, but, you know, obviously we would expect to turn on the dividend relatively soon if these earnings continue and, you know, a material dividend versus a token dividend. Number two is, you know, as soon as practically possible, it makes sense for us to be buying back stock. To the extent we're able to, that's something that we're obviously, you know, thinking about as well. I would add to that, take your management team out to a really nice holiday lunch. All right, good job, guys. Thanks. Thanks. Your next question comes from the line of Steven Martin from Slater. Your line is open. Hi, guys. Again. Hey, Steven. You know, you just made some comments about sort of the terminal velocity versus the quarter, and obviously having been on the Portman call, you gave some indication of what the pro forma would have looked like, all else being equal if rates had reset. Can you give us some sort of comparable color on what that number would have been? Yeah, I mean, it's a little more complicated than Portman, but that said, I'd say it's probably in kind of the sort of 15-ish cent range, obviously depending on kind of when everything resets. That would probably be, again, kind of, you know, roughly speaking, the potential increase. Can you talk about your mark-to-markets in terms of, you know, characterizing them rate-related, spread-related, credit-related? Yeah. I'd say we probably had two mark-to-markets that roughly speaking offset each other that were kind of credit-related, both the positive and negative. Kind of the rest, by and large, was rate movement-related as opposed to credit-related. The first in terms of detractors was LJS Partners, Long John Silver's companies entering into a sale process and we're a minority holder there. We think that's kind of roughly a good approximation of value for where the majority holders would be looking to exit the business. On the positive side, Sequoia, the Sequoia loan, not to get into too much of the detail, but, we think we have some extra collateral there as part of some transactions that ultimately should lead to a better recovery on a quicker timeline than perhaps we thought about last quarter. Again, those two, like, roughly even each other out. My guess is probably maybe, you know, $1 million to the negative when you net the two, and then the rest of anything else is really all mark-to-market. Gotcha. The LJS you were talking about, I had actually had a question. There was a big markdown from second quarter to third quarter. Was that based on company performance or just what you know about the sale process? What we know about the sale process, and I'd say the incentives and mindset to the majority holders, which are kind of controlling the sale process. Gotcha. In terms of inherited portfolio, what do you see in terms of maturities and repayments through the end of the year? Again, it's a little bit tough to have exact visibility, but I think based on kinda conversations we've been having so far with certain portfolio companies, I think you could expect to see, or we would expect to see a couple of the bigger positions, legacy positions actually pay off before year-end. Now, that said, that's just kinda what we're hearing right now and obviously given where market conditions are, that can move very quickly from week to week or month to month. But we're expecting at this point, a couple of bigger chunk of your legacy positions to actually get repaid by year-end, rather. Yeah. I mean, we're working really hard to get out of the legacy positions. The other thing, I mean, we put in the press release, but just to reiterate, you know, we've exited an equity position subsequent to quarter end. You'll see that, and we'll reinvest that money in income-generating assets. You'll see, again, absent markdowns, which we don't foresee. You'll see the debt portfolio grow as a percentage of the overall portfolio, and we continue to chop down that equity exposure. In the Portman call, you discussed taking advantage of public liquid securities or private liquid securities. Can you do the same thing, or are you doing the same thing here at Logan Ridge? The short answer is yes, we can do the same thing. We have a little bit of a different kind of credit facility at Logan Ridge than we do at Portman Ridge that, you know, adds a kind of a wrinkle to exactly how much of those things we can or cannot do based on the facility. I'd say generally speaking, yes, we kind of similarly at Logan Ridge can and would look to take advantage of those markets. Okay. I think, you know, as the earlier questioner, you know, great job turning this around. People forget how short a period of time you've actually controlled it. Yeah. Thank you. Well, I appreciate you saying that. You know, we would obviously like progress to happen as fast as possible, but you know, we're obsessed with getting this to the right place. Good. Thanks a lot. Thanks. Again, if you would like to ask a question, press star one on your telephone keypad. There are no further questions at this time. Mr. Ted Goldthorpe, I turn the call back over to you. Great. Well, thank you everyone for joining us today. We look forward to speaking to you again on our next quarterly call, which will be our full year results. We'd like to wish everybody a very early but happy Thanksgiving. This concludes today's conference call. You may now disconnect.