At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star signal followed by zero. This call is being recorded on Thursday, August 7, 2025. I will now like to turn the conference over to Jonathan H. Cohen, CEO. Please go ahead. Good morning. Welcome to the Oxford Square Capital Corp. Second Quarter 2025 Earnings Conference Call. I'm joined today by Saul Rosenthal, our President, Vince Ferrara, our Controller and Vice President of Finance, and Kevin Yonon, our Managing Director and Portfolio Manager. Vince, could you open the call with a disclosure regarding forward-looking statements? Sure, Jonathan. Today's conference call is being recorded. An audio replay of the conference call will be available for 30 days. Replay information is included in our press release that was issued this morning. Please note that this call is the property of Oxford Square Capital Corp. Any unauthorized rebroadcast of this call in any form is strictly prohibited. At this point, please direct your attention to the customary disclosure in this morning's press release regarding forward-looking information. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, future events and financial performance. We ask that you refer to our most recent filings at the SEC for important factors that could cause actual results to differ materially from those indicated in those projections. We do not undertake to update our forward-looking statements unless required to do so by law. To obain copies of our latest SEC filings, please visit our website at www.oxfordsquarecapital.com. With that, I will turn the presentation back over to you, Jonathan. Thanks, Vince. For the quarter end of June, Oxford Square 's net investment income was approximately $5.5 million or $0.08 per share, compared with approximately $6.1 million or $0.09 per share in the prior quarter. Our net asset value per share stood at $2.06, compared to a net asset value per share of $2.09 for the prior quarter. During the quarter, we distributed $0.105 per share to our common stock shareholders. For the second quarter, we recorded total investment income of approximately $9.5 million as compared to approximately $10.2 million in the prior quarter. In the second quarter, we recorded combined net unrealized and realized losses on investments of approximately $1.1 million or $0.01 per share, compared to combined net unrealized and realized losses on investments of approximately $14.2 million or $0.20 per share for the prior quarter. During the second quarter, our investment activity consisted of repayments of approximately $233,000. During the quarter end of June, we issued a total of approximately 4.9 million shares of our common stock pursuant to an aftermarket offering, resulting in net proceeds of approximately $11.6 million. On June 30, our Board of Directors declared monthly distributions of $0.035 per share for each of the months ending October, November, and December of 2025. Additional details regarding record and payment date information can be found in our press release that was issued this morning. On August 1, we announced that we priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030, which will be used for investments and for repayment of existing debt. With that, I'll turn the call over to our Portfolio Manager, Kevin Yonon. Kevin? Thank you, Jonathan. During the quarter ended June 30th, the U.S. loan market performance strengthened versus the prior quarter. U.S. loan prices, as defined by the Morningstar LSTA U.S. Leveraged Loan Index, increased from 96.31% of par as of March 31st to 97.07% of par as of June 30th. According to LCD, during the quarter, there was some pricing dispersion, with Double B rated loan prices increasing 35 basis points, B rated loan prices increasing 68 basis points, and CCC rated loan prices increasing 235 basis points on average. According to PitchBook LCD, while the 12-month trailing default rate for the loan index increased to 1.11% by principal amount at the end of the quarter from 0.82% at the end of March, we note that the default rate, including various forms of liability management exercises, which are not factored in the cited default rate, remains at an elevated level of 4.46%. Additionally, the distress ratio, defined as a percentage of loans with prices below 80% of par, ended the quarter at 3.06% compared to 3.21% at the end of March. During the quarter ended June 30th, 2024, U.S. leveraged loan primary market issuance, excluding amendments and repricing transactions, was $76.3 billion, representing a 48% decrease versus the quarter ended June 30th, 2023. This was driven by lower opportunistic activity, including refinancings and the funding of dividends, partly offset by higher non-refinancing issuance, including M&A and LBO activity versus the prior year comparable quarters. At the same time, U.S. loan fund outflows, as measured by Lipper, were approximately $5.94 billion for the quarter ended June 30th. We continue to focus on portfolio management strategies designed to maximize our long-term total return and, as a capital vehicle, have historically been able to take a longer-term view towards our investment strategy. With that, I will turn the call back over to Jonathan. Thank you, Kevin, very much. Additional information about Oxford Square 's second quarter performance has been posted to our website at www.oxfordsquarecapital.com. With that, operator, we're happy to open the call up for any questions. Thank you. Thank you, Jonathan. We will now begin the question and answering session. Should you have a question, please press the star followed by the one on your touch-tone phone. You will hear a prompt that your phone has been recognized. Should you wish to decline from the polling process, please press the star followed by the two. If you are using a speakerphone, please lift the handset before pressing entry. One moment, please, for your first question. I am showing no questions at this time. I will now turn the call back to Mr. Cohen. Thank you very much. We'd like to thank everyone on the call and listening to the replay for their interest in Oxford Square Capital Corp. We look forward to speaking to you again soon. Thanks very much. Ladies and gentlemen, this concludes today's conference call. Thank you for your participation. You are now disconnected.