Gladstone Investment Corporation is looking for acquisitions. David Dullum, President said, "we are always looking and are doing new deals, making new investments and new acquisitions, and that continues to be our goal and objective. However, doing add-ons to certain of our existing portfolio companies is really an important aspect of our value-building process because it allows us to increase our investment in companies where we know the management team, the business itself and where we have a strong belief in its future and it continues to allow us to really build very good value in these fundamental businesses.

So we'll continue to do that as necessary and in certain specific cases, obviously, while pursuing our main business, which is adding new acquisitions as we go along. Our balance sheet continues to be strong with very low leverage and a very positive liquidity position with additional availability on our credit facility. So we will continue providing support to our portfolio companies, both for add-on acquisitions, interim financing if the need arises, while actively growing our assets to new buyouts.

Turning to the outlook. The deal flow, as we call it, pairs to be picking up somewhat as the sellers who have been holding back over the past 6 months or so are testing the market. And we do hear from the merger and acquisition groups, investment bankers who are our primary sources for new acquisition opportunities that the backlog of new opportunities has been building.

It seems like the last 6 months or so of last year, we're fairly slow somewhat and deals were coming to the market and they were being taken back, et cetera. Now it looks like there's continue to be a bit of an increase in this regard, maybe somewhat as a result of interest rates perhaps coming down, et cetera. But in any event, we continue working on a new -- few new possible buyout deals, and we are currently in that early phase of the process.

There does continue to be very significant liquidity in the market, meaning that our competitive situation is of course, being challenged all the time. So we're going to remain value sensitive, while we aggressively compete for new acquisitions".