5 unchanged sentences
changes in the level of interest rates.
−Removed: Because we fund a portion of our investments with borrowings, our net investment income will
−Removed: be affected by the difference between the rate at which we invest and the rate at which we borrow.
+Added: Because we fund a portion of our investments with borrowings, our net investment income will be
+Added: affected by the difference between the rate at which we invest and the rate at which we borrow.
As a result, there can be no assurance
1 unchanged sentence
Assuming that the consolidated
−Removed: statement of assets and liabilities as of December 31, 2021 were to remain constant and that we took no actions to alter our existing
−Removed: interest rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rate.
+Added: statement of assets and liabilities as of December 31, 2022 was to remain constant and that we took no actions to alter our existing interest
+Added: rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rate.
Change in Interest Rates
1 unchanged sentence
$ (2,648,808 )
+Added: $ (1,603,125 )
+Added: $ (1,045,683 )
Up 100 basis points
1 unchanged sentence
Up 300 basis points
−Removed: The data in the table is based
−Removed: on the Company’s current statement of assets and liabilities.
−Removed: As of December 31, 2021, the Company had $86.9 million in net purchases
−Removed: that had not yet settled and $11.3 million in unfunded commitments.
−Removed: After settlement of these purchases, the change in interest expense
−Removed: will be larger as a result of the increase in the amount borrowed under the BoA Credit Facility or WF Credit Facility, as applicable.
−Removed: The table does not include any change in dividend income from the Company’s money market investments.
+Added: The data in the table are
+Added: based on our current statement of assets and liabilities.
+Added: As of December 31, 2022, the Company had $11.7 million in net purchases that
+Added: had not yet settled and $2.6 million in unfunded commitments.
+Added: After settlement of these purchases, the change in interest expense will
+Added: be larger as a result of the increase in the amount borrowed under the BoA Credit Facility or WF Credit Facility, as applicable.
+Added: does not include any change in dividend income from our money market investments.
In addition, any investments
we make that are denominated in a foreign currency will be subject to risks associated with changes in currency exchange rates.
−Removed: risks include the possibility of significant fluctuations in the foreign currency markets, the imposition or modification of foreign
−Removed: exchange controls, and potential illiquidity in the secondary market.
−Removed: These risks will vary depending upon the currency or currencies
+Added: risks include the possibility of significant fluctuations in the foreign currency markets, the imposition or modification of foreign exchange
+Added: controls, and potential illiquidity in the secondary market.
+Added: These risks will vary depending upon the currency or currencies involved.
We measure exposure to interest
6 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.