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Today's conference call may include forward-looking statements, including statements regarding Lennar's business, financial condition, results of operations, cash flows, strategies and prospects. reflecting our lower volume and lower average sales price leverage. million shares for over $2 billion in cash.
Most notably and uniquely, our lower middle market strategy provides attractive leverage points and income yield on our first-lien debt investments while also creating a true partnership with the management teams and other equity owners of our portfolio companies through our flexible and highly aligned equity ownership structures.
Following my comments, David and Jesse will provide additional comments regarding our investment strategy, investment portfolio, financial results, capital structure and leverage, and our expectations for the first quarter of 2024, after which we'll be happy to take your questions. Net asset value, or NAV, increased by $0.87
Earnings available for distribution exceeded our dividend by $0.03, demonstrating our ability to consistently earn strong returns with prudent leverage, which stood at 5.8 And also to note, we continue to see 12% to 15% prospective returns on the retention of OBX assets. We have very, very low leverage on that portfolio.
What is the valuation and feestructure? Tell me about your feestructure. The most common way an M&A advisory firm charges for its services is with a retainer and a success fee. M&A advisors often have an extensive network of service providers that business owners can leverage.
In your remarks, you state that you intend to use some of the headroom created by operating leverage to lean into certain areas of the business in the second half of this year. Pedro, can you talk about advertising and the operating leverage in Mexico specifically? I guess, Pedro, you want to take leverage in Mexico?
When crafting your fees page, consider your audience. Consider a subscription or one-time feestructure. Whether it’s an article, a video, or an infographic, the information you share with clients and prospects helps to position yourself as a thought leader and build your authority.
So I just wanted to understand a little bit on the growth prospects. We are going to continue to leverage that into the future for more plant connects and to feed or transportation and fractionation business. The first thing on your increase on the earnings on the fee rate. Please go ahead. Good morning, everybody.
Using these products, talent can signal to prospective clients that they are ready to start a project immediately, boost proposals to secure work, and promote their profiles at the top of a client's search results when a client is searching for talent. This is definitely something that we're leveraging this year. So more to come there.
In closing, I'd like to highlight once again the disconnect between a dominant platform with strong growth prospects and double-digit returns and a stock that trades at a discount. And instead we focus on those things we can control, namely process improvement, cost leadership, and operating leverage. Thanks for taking my questions.
We can help formulate acquisition strategies, identify prospective acquisition targets, initiate contact, assist in negotiating terms of an acquisition, and help obtain acquisition financing when necessary.” At ABI, we start every review of a prospective sale engagement from a buyer’s perspective.
Discuss their feestructure and assess their ability to handle complex transactions. Pay attention to their communication skills, particularly how they’d navigate difficult conversations with prospective buyers. Evaluate LOIs and Execute the Preferred Offer As serious buyers emerge, they’ll submit Letters of Intent (LOIs).
During today's call, we will make forward-looking statements related to our business plans and strategy, developments in the grocery industry, and our future performance and prospects, including our expectations regarding financial results, partnerships, equity grants, and share repurchases. So, this is really how we think about it.
During today's call, we will make forward-looking statements related to our business plans and strategy, developments in the grocery industry, and our future performance and prospects, including our expectations regarding financial results and share repurchases. At the heart of this is performance.
Selling a business is a long and complex process, and the fees vary considerably depending on the size and type of business you run and the broker’s feestructure. Still, knowing some industry averages and the breakdown of the types of fees you’ll see can be helpful. Success fees are generally higher for smaller deals.
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