Today's conference call and webcast may include forward-looking statements and projections, and we ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from these statements and projections. We do not undertake to update our forward-looking statements or projections unless required by law.
To obtain copies of our latest SEC filings, please visit our website at www.apolloic.com.
At this time, I'd like to turn the call over to Jim Zelter.
James Charles ZelterThank you, Elizabeth. As you've probably seen, we issued our third quarter earnings press release and filed our quarterly Form 10-Q with the Securities and Exchange Commission this morning. In today's release, in addition to our quarterly earnings, we have made some important announcements that I will discuss. Following my remarks, Eileen will provide you with an overview of some of our new strategic endeavors. Finally, Gene will discuss our third quarter portfolio performance and financial results and we will then open the call to your questions. As I step back, Apollo Investment Corporation was one of the first sizable business development companies, or BDCs, prior to the credit crisis of 2008. During that period of time, BDCs, such as AINV, generally played an auxiliary role in the financial services landscape, primarily providing credit to middle market sponsors for leveraged buyouts. However, as we strategically review the BDC industry and the financial services via environment in the aftermath of the global credit crisis and during a period of continued economic and regulatory uncertainty, which persists today, we believe BDCs can play a more significant role in the current financial landscape. We believe BDCs can still the sizable gap left by numerous banks and other financial institutions that have dramatically altered their business models, reduced their balance sheet or disappeared altogether. Unlike many other debt providers, the attribute of a permanent capital is a distinct BDC advantage that is relatively unique in a credit market consumed by investor liquidity and a multiple of fund products sensitive to that dynamic.