The Advantages of a Preferential Common Split

We used all equity meaning equity from our fund. We didn't use any third party debt. And let's assume our preferred as an 8% accruing dividend. So there's $25 million accruing at 8%. Can I ask you a question? For the purposes of this, and that's not exact, but that's let's say 25 million in the business accrued at 8%. Yes. The 8%. As the private equity buyers, our investors are getting a guaranteed return typically of the same percentage rate on the money they loan us. That's probably the reason why when you say, well is there a preferred, why is there a dividend on this? Well,