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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. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. What I mean there is we lowered the base management fee so that, you know, that change in the percentage will reduce the base management fees we get. Any prospects you think for looser regulation on banks to get them more active?
And also to note, we continue to see 12% to 15% prospective returns on the retention of OBX assets. And increased competitiveness surrounding deposits is driving elevated float income and all leading to prospective hedge returns remaining in the 12% to 14% range currently. billion in market value and $2.5
NAV is defined as total assets minus total liabilities and is also reported on a per share basis. The question there is, I think, you've discussed it before, one of the possibilities eventually could be a fee cut there in connection with other things. Dwayne Hyzak -- Chief Executive Officer Sure, Robert. Thanks for the question.
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. The significant decline reflects deferred tax liabilities assumed as part of the Home Point transaction as well as strong operating results.
So I just wanted to understand a little bit on the growth prospects. The first thing on your increase on the earnings on the fee rate. And to a lesser extent, volume coming from certain customers that may have a different feestructure in there. And yes, we do think that will continue going forward that fee rate.
And then, when looking at the quarter, we see about an 80 basis-point increase for shipping fees within the take rate. How you are thinking about the feestructure? And do you have any specific plans to target prospective borrowers as this program evolves? Curious what's driving that?
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. However, we're not contemplating changes to our feestructure right now.
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. And that can be how do we think about our feestructures.
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. The Motley Fool recommends Instacart.
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