11 unchanged sentences
In general, we seek to match the interest rate characteristics of our investments with the interest rate characteristics of any related financing obligations such as repurchase agreements, bank credit facilities, term loans, revolving facilities and securitizations.
−Removed: As of September 30, 2025, we had an aggregate of $2.2 billion of variable rate debt, excluding any debt subject to interest rate swap agreements and interest rate cap agreements, if any, and therefore, we are exposed to interest rate changes in SOFR.
−Removed: As of September 30, 2025, an increase or decrease of 50 basis points in interest rates would result in an increase or decrease in interest expense of $11.1 million per year.
−Removed: As the information presented above includes only those exposures that existed as of September 30, 2025, it does not consider exposures or positions arising after that date.
+Added: As of March 31, 2026, we had an aggregate of $2.0 billion of variable rate debt, excluding any debt subject to interest rate swap agreements and interest rate cap agreements, if any, and therefore, we are exposed to interest rate changes in SOFR.
+Added: As of March 31, 2026, an increase or decrease of 50 basis points in interest rates would result in an increase or decrease in interest expense of $9.9 million per year.
+Added: As the information presented above includes only those exposures that existed as of March 31, 2026, it does not consider exposures or positions arising after that date.
The information presented herein has limited predictive value.
17 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.