On 1-Sep-11, in response to market conditions and the levels at which Conversus units had traded compared to NAV, the Company adopted a permanent harvesting strategy. Under the harvesting strategy, the Company has discontinued all new private equity investments other than funding existing commitments, making follow-on private equity investments to protect, support or enhance existing investments, and engaging in hedging activities related to the portfolio, unless otherwise approved by the Conversus Board. CAM will continue to actively manage the current portfolio of funded investments and unfunded commitments including the consideration of opportunistic sales of assets when appropriate. We will seek to maximize long-term unit holder value by returning capital to unit holders through a combination of methods deemed most appropriate under the circumstances, including cash distributions and unit repurchases. The Company expects to maintain a mature, diverse and high quality portfolio of private equity investments. We believe that our current portfolio is consistent with those parameters. To date, the Company has returned significant capital to unit holders through unit repurchases and unit holder distributions and will continue to do so under the harvesting strategy. We actively manage the portfolio and our balance sheet in accordance with our goal of maximizing long-term value and will consider proactive steps, if necessary, to retain appropriate diversification in our portfolio and to provide liquidity supporting further returns of capital to unit holders.