Turning to slide 11, other operating expenses as adjusted were $29.8 million, down $1.5 million, or 5%, reflecting ongoing expense management and the annual grant to the Board of Directors in the prior quarter. As a percentage of revenues, other operating expenses declined 90 basis points sequentially and by 80 basis points over the comparable prior year period. Other operating expenses were at the lowest level since the first quarter of 2023, even though we added the costs of the new affiliated manager during the period. As George mentioned, in addition to maintaining discipline around discretionary spending, we have continued to streamline our cost structure, including the consolidation of portfolio management support systems.

Oct 25, 2024 / CFO / receipt, needs a key / Mike Angerthal, CFO | earnings call 2024-10-25 | transcript fdfdc328-ba89-4ec7-998b-4bec6d47a6e2 | chars 13255-13993 | segment 13

The sequential decrease was largely due to lower professional fees and seasonally lower travel and related activity, and also reflected close management of all discretionary expenditures while we continue to selectively invest in key areas to support growth of the business.

Apr 28, 2023 / CFO / receipt, needs a key / Mike Angerthal, CFO | earnings call 2023-04-28 | transcript 58473bf0-cc79-41f5-ace9-22f631204461 | chars 12276-12550 | segment 12

Turning to slide 11, other operating expenses as adjusted were $31 million, up 6% on a sequential basis from $29.3 million due to $0.8 million of annual grants to the Board of Directors and an increase in travel and related expenses.

Jul 29, 2022 / CFO / receipt, needs a key / Mike Angerthal, CFO | earnings call 2022-07-29 | transcript bfc1f2c7-0240-41e3-8863-65dfdeed486b | chars 12036-12269 | segment 12

As a percentage of revenues, other operating expenses were 9.8%, up 50 basis points sequentially. From the prior year period, however, they were down 130 basis points, reflecting the leverageability of the business. Looking forward, we expect other operating expenses in a range of $25 to $29 million per quarter, reflecting the addition of Stone Harbor, selected investments in our infrastructure and technology, and our estimate of travel and related expenses, which are still uncertain.

Feb 4, 2022 / CFO / receipt, needs a key / Mike Angerthal, CFO | earnings call 2022-02-04 | transcript 0d88e8c7-03f5-4b09-a6cf-0f851991e0f7 | chars 11543-12032 | segment 11

The sequential increase of $1.1 million normalized for the grants reflected growth in the business as well as a continued modest increase in travel and related expenses.

Oct 27, 2021 / CFO / receipt, needs a key / Mike Angerthal, CFO | earnings call 2021-10-27 | transcript ae116e6f-9de7-4247-85d2-c5e274809c65 | chars 11564-11733 | segment 11