the special situations universe in, in four bucks, maybe could you walk us through what those are and kind of what the return profile would be when you look at the landscape overall?

Yeah, absolutely.

So we divide the, portfolio into four different buckets because special situations can have very different probability distributions and holding periods.

So the first bucket is hard catalysts.

These are the most defined.

So these are things like announced mergers and acquisitions, tender offers, definitive transactions, share class arbitrage.

So it's situations where the timeline and payoff are relatively clear.

Is there a certain name or situation that you've invested in recently that you think really accepted the fund strategy? Yeah.