8 unchanged sentences
in interest rates both in terms of variable-rate debt and the price of new fixed-rate debt upon maturity of existing debt and for acquisitions.
−Removed: At March 31, 2021, financial instruments that subjected us to concentrations of market risk consisted principally of equity investments, which represented 54% of our total assets as of that date.
−Removed: As discussed in Note 4 to our financial statements (“Investments”), these investments primarily consist of securities in companies with no readily determinable market values and as such are valued in accordance with our fair value policies and
−Removed: Our prior investment strategy exposed us to a high degree of business and financial risk because portfolio company investments are generally illiquid and in small and middle market companies.
−Removed: We may make short-term investments in cash
−Removed: equivalents, U.S.
−Removed: government securities and other high-quality investments that mature in one year or less, pending investments in portfolio companies made according to our principal investment strategy.
−Removed: However, this risk will be somewhat
−Removed: mitigated as we invest in assets that are not securities.
+Added: At September 30, 2021, financial instruments that subjected us to concentrations of market risk consisted principally of equity investments, which represented approximately 44% of our total assets as of that date.
+Added: discussed in Note 4 – Investments, to our consolidated financial statements, these investments primarily consist of securities in companies with no readily determinable market values and as such are valued in accordance with our fair value policies
+Added: and procedures.
+Added: Our investment portfolio also includes shares of publicly traded REITs, which are valued at recently quoted trading prices.
+Added: Our investment strategy represents a high degree of business and financial risk due primarily to the general
+Added: illiquidity of our investments.
+Added: We may make short-term investments in cash equivalents, U.
+Added: government securities and other high-quality investments that mature in one year or less, pending investments in portfolio companies made according to our
+Added: principal investment strategy.
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.